March 19th, 2018Alibaba, China's leading e-commerce company will appoint one of its founders Lucy Peng as head of Lazada and also invested around $2 billion into Southeast Asia's leading online shopping firm.
The appointment and funding will use to expand the operations in the south-east Asia region. Alibaba is the leading investor in the Lazada...
March 15th, 2018This Bengaluru based online marketplace Voonik operating in products for women’s fashion has received ₹65 Lakhs from existing investor Sequoia Capital. The amount is the first part of Series B round that commenced in December 2017.
In December 2017, RB Investments, Seedfund, and Sequoia Capital invested ₹7.37 Cr in Voonik. The...
November 11th, 2017Alibaba's Singles' Day shopping bonanza has broke last year's all time high of $18.2 billion by 1:09 PM in Beijing with hours to go before the final bell.
The annual frenzy had already hit $8.6 billion in sales in the first hour after starting at midnight, and by 8 a.m. some 82 brands had topped 100 million yuan in sales including New...
September 17th, 2017E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period.
Incentivizing Wallet Payments
By capitalizing on the cashless...
August 7th, 2017Myntra is aiming to target around $150 million business through its beauty and personal care segment by FY 2019, which was launched about nine months.
Myntra is also in talks to launch its very own Private Beauty Label.
"Our focus in terms of the brands we have tied up with has been premium and mass premium.We will launch a private...
July 14th, 2017The board of e-commerce firm Infibeam Incorporation today approved share split plan in the ratio of 1:10 that will make its scrip more affordable for the investors and increase market liquidity.
The board also cleared amalgamation of CC Avenue with the company in which Infibeam has controlling stake.
"The Board of Directors of the...
July 6th, 2017Global giant Amazon has invested an additional Rs 1,680 crore in its India unit as it looks to further strengthen operations in the booming e-commerce market here.
The fresh infusion part of Amazons USD 5 billion commitment to Indian market will also provide more arsenal to the Indian entity that is locked in an intense battle for...
July 6th, 2017After Snapdeal board reportedly rejected Flipkart's USD 850 million takeover offer, the two parties are now holding parleys over the USD 150-200 million valuation gap.
According to sources privy to the development, Flipkart had initially offered USD 1 billion for the deal but post the due diligence, it made an offer for USD 800-850...
July 4th, 2017Snapdeal board is believed to have rejected a takeover offer of USD 800-850 million (around Rs 5,500 crore) from larger e-commerce rival Flipkart. According to sources privy to the development, Flipkart has completed the due diligence process and has made an offer of USD 800-850 million to buy Snapdeal.
However, the offer was rejected...
April 21st, 2017India's leading e-commerce platform Flipkart tightened its return policy rules on its platform.
The e-commerce giant latest move won't offer refunds on a multitude of products like mobile accessories, personal care appliances, computer and camera accessories, office equipment, apart from high-cost items such as mobile phones, large...
April 13th, 2017E-commerce major Flipkart will issue additional shares to eligible employees in efforts to ensure their stake remains at a "steady level" after the latest fund raising round that came at a lower valuation.
The Bengaluru-based firm, which competes with the likes of Amazon and Snapdeal, has recently raised USD 1.4 billion at a valuation...
April 10th, 2017Indias largest e-commerce firm Flipkart has raised USD 1.4 billion from Tencent Holdings, Microsoft Corp and eBay Inc amid speculation that the online marketplace is in talks to take over smaller rival Snapdeal.
The biggest-ever fund raising by an Indian Internet firm values Flipkart at USD 11.6 billion, the company said in a statement...
