Urban Ladder, which posted losses of Rs 58.51 crore in FY15 on revenues of Rs 19.21 crore, is looking to transact a GMV (Gross Merchandise Value) of $250 million by June 2017, Rajiv Srivatsa, COO and co-founder of Urban Ladder, said. Declining to reveal any numbers to back his claim, the company …
Tag: GMV
Category winners like crown it and little catch fancy of startups investors
In the past 12 months, early-stage investors have closed over a dozen deals in the hyper local deal-discovery space in the search for a category winner, from Paytm-backed Little to Accel-backed Crown It and Lightspeed Ventures-backed MagicPin besides smaller outfits such as Shouut and GoYaNo. Wit…
Snapdeal integrates Redbus, Zomato, Cleartrip inventory in mobile app to woo customers
Snapdeal has integrated Redbus, Zomato and Cleartrip inventory in its mobile application as a pilot that will help customers book bus tickets, flight tickets, hotel tickets and food directly from the application. This association gives Cleartrip, Zomato and RedBus access to Snapdeal’s user …
Craftsvilla bets on customisation to drive more traffic to its app
Online ethnic products marketplace Craftsvilla is betting on customisation to drive more traffic to its app launched a year ago. With app-only discounts and a marketing budget close to Rs 30 crore, the marketplace has already been able to double the number of in-app conversions. “Close to 2…
Indian ecommerce market to grow fastest globally over 3 years | Morgan Stanley
India received $6.6 billion in venture capital and private equity investment in 2015, a 50% increase from the previous year, which probably contributed to a steep growth in the gross merchandise value for ecommerce companies, Morgan Stanley said. The GMV of the country’s top three ecommerce…