The handlooms commissioner under the Union Ministry of Textiles says they have brought in nine leading e-commerce entities, including Flipkart, Amazon and eBay, to increase these products’ penetration in the domestic market. With the same end, they also tied up with 70 retail outlets. Alok Kumar,…
Tag: E-commerce
CII ties up with cloudBuy for B2B sourcing platform
The Confederation of Indian Industry (CII) has tied up with cloudBuy, a global provider of cloud-based e-commerce solutions, to launch a business-to-business e-commerce trading platform CIItrade.in. The online platform will bring together business-to-business buyers and sellers on a common platfo…
Analytics firms continue to attract investments
Amidst a slowing of funds into the e-commerce and start-ups space, analytics players might buck the trend as they draw insights from raw data to help CEOs make crucial decisions. Sources say Fractal Analytics is in advanced talks to raise $100 million for a minority stake. Fractal’s performance i…
Job portal Monster India to use database for funding startups
Job portal Monster has launched MakeIndiaWork initiative under which it will use its database to crowd source funds for entrepreneurial ventures with an aim to further boost the startup ecosystem in the country. ‘MakeIndiaWork’, a central hub will bring together startups, job seekers,…
Rivigo gearing up to spend $100 million in new fiscal to beat rivals
Surface transport logistics services provider Rivigo, is gearing up to spend between $80 million-$100 million in the new fiscal, as the SAIF Partners-backed venture looks to outdistance its peers, by expanding at a rapid pace. Founded by IIT Kanpur and IIM Lucknow alum Deepak Garg and Stanford G…
Domestic e-Commerce market may grow to $102 billion by 2020
The domestic e-Commerce (B2C) market could grow to almost $102 billion by 2020 from $16 billion in 2015, according to the latest report by the Confederation of Indian Industry (CII) and consultancy firm Deloitte. The number of online shoppers could rise to 220 million by 2020 from 39 million in 2…
Logistics start-up LetsTransport to expand
With e-commerce and consumer goods space picking up, Bengaluru-based logistics start-up LetsTransport plans to expand its operations to 10 cities this year. Pushkar Singh, Founder of LetsTransport, told that the venture plans to expand into 10 cities this year with a focus on industrial towns. It…
To grow, Essar Retail incubates 5 start-ups
To give a fresh impetus to its retail initiatives, the $35-billion Essar Group is incubating five new start-ups. Further, the Group has rechristened its retail company as Impact Retail. Essar Retail, known for operating the largest chain of mobile outlets under ‘The Mobile Store’ brand, will be a…
Amazon launches ‘Tatkal’ service in Chennai for SMEs
Amazon India has launched Amazon Tatkal, which enables small and medium enterprise (SME) owners to get on board and sell their products on Amazon.in. Amazon Tatkal is a mobile van that offers services like registration, imaging, cataloguing and basic seller training videos. Interested sellers can…
Vodafone Business Services bets big on SME segment
Vodafone Business Services (VBS), Vodafone India’s enterprise arm, unveiled its growth strategy to double its target of the Small and Medium Business segment (SME) in the country, specifically Karnataka. In line with government’s vision of Digital India and Make in India, VBS aims to …