April 10th, 2017eBay Inc. (NASDAQ: EBAY), a global commerce leader, and Flipkart, a leading eCommerce company in India, have agreed to jointly pursue eCommerce opportunities in the Indian market. In exchange for an equity stake in Flipkart, eBay will make a $500 million cash investment in and sell its eBay.in business to Flipkart.
Flipkart will own...
April 6th, 2017Paytm today said its e-commerce platform, Paytm Mall, has crossed sales of Rs 100 crore from the two-wheeler category.
"Paytm Mall has noted a massive surge in two-wheeler sales over the last year as sales figures crossed Rs 100 crore. The company is currently witnessing over 3X quarter-on-quarter growth in the number of vehicles...
April 5th, 2017Seeking to calm employees rattled by reports of a cash crunch, the founders of Indian online retailer Snapdeal have gone directly to them with a string of townhall meetings in past weeks, according to sources, promising profit and brushing off takeover talk.
The sources, familiar with the group, declined to be named as the meetings...
March 17th, 2017Amazon India head Amit Agarwal has been elevated to the post of Senior Vice President, Amazon. The company confirmed the development in an emailed statement.
"This indicates how excited Amazon is about the progress the company is making in India and the opportunity Amazon sees ahead," it added.
The promotion comes within a year of...
March 12th, 2017E-commerce major Flipkart is in advanced stage of discussions to raise about USD 800 million to further strengthen its operations in a bid to take head on the competition from American rival Amazon.
The funding, however, would come at a much lower valuation of about USD 8-9 billion, sources close to the development said. The e-tailer...
February 5th, 2017India's one of the leading e-commerce company, Snapdeal suspended its affiliate programme for customers amid cash crunch. The steps taken by the company seems a major setback to its operation and also the concern over cash crunch. The company finds it very hard to secure next round of funding.
However, the company is in still talk...
December 26th, 2016E-commerce major Flipkart today said it saw the highest number of shoppers on its platform coming from the national capital region this year.
"The National Capital has again raced ahead of all with most number of shoppers taking to e-commerce, closely followed by Bengaluru. Mumbai, Chennai and Hyderabad are the other metro cities that...
October 26th, 2016Flipkart's Chief Financial Officer Sanjay Baweja has put in his papers after a two-year stint, marking the latest top-level exit at the e-commerce major.
"Flipkart CFO Sanjay Baweja has quit. The company has started searching for his replacement. Baweja will continue to work with company till December 31, 2016," an industry source...
September 8th, 2016Myntra announces the introduction of 'Try and Buy' (T&B), a new service option aimed at breaking the final barrier to shopping fashion online. Considered to be the Holy Grail for fashion E-commerce, T&B allows for the 'touch and feel' factor to seep into the world of online shopping, especially fashion, where it is expected to...
August 11th, 2016JD.com Inc, China's second biggest e-commerce company, reported revenue for the second quarter of 2016 that was within company forecasts, even as the growth rate continued a steady decline that is expected to continue.
The company, Alibaba Group Holding Ltd's main rival in online shopping, said on Wednesday revenue for the quarter rose...
August 6th, 2016Retailers offering customers an option to buy products online earn more revenue than those who only sell their goods offline, according to a new study.
The study suggests that customers spend more online because it is easier to locate items through the search function.
Junzhao Ma, a lecturer at Monash University in Australia studied...
July 26th, 2016Myntra, a fashion portal owned by India's largest online retailer Flipkart has acquired online merchandise retailer Jabong.
Sachin Bansal, Flipkart's co-founder, confirmed the news by welcoming Jabong India to the Flipkart family in a tweet.
Welcome @JabongIndia to the @Flipkart family. We'll create history together.— Sachin...
