The Indian online retail market will grow at a much slower pace as compared to China, says a new report by Kotak Institutional Equities which estimates gross sales or the value of merchandise sold on ecommerce platforms, referred to as GMV, to reach $28 billion by 2020. India’s online retai…
Tag: Snapdeal
Ed-tech start-up Makkajai Edu Tech raises $250,000
Ed-tech start-up Makkajai Edu Tech Pvt. Ltd on September 7, said it has raised $250,000 from Ananth Narayanan, Chief Executive of Myntra; Anand Chandrasekaran, former Chief Product Officer of Snapdeal; Mekin Maheshwari, former Chief People Officer of Flipkart; Ravi Garikipati, Head of Engineering…
InnoVen Capital extends loans worth $6 million to Capillary Technologies, Simplilearn
Venture debt firm InnoVen Capital India on Sep 6 said it has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt. Ltd and education technology start-up Simplilearn Solutions Pvt. Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt.…
Paytm to raise $300 million, valuation pegged at $5 billion
Vijay Shekhar Sharma-led mobile wallet major Paytm is in advanced talks to raise $300 million in fresh funds. According to multiple sources, other than existing investors such as Chinese e-commerce giant Alibaba and SAIF Partners, the new round of fundraising will see participation from Singapore…
South Africa’s Net1 tops up Mobikwik wallet by $40 million
South Africa headquartered global payments solutions and transaction processing company Net1 UEPS Technologies Inc has announced a strategic partnership with digital wallet player MobiKwik. Net1 will invest $40 million in MobiKwik and will integrate its Virtual Card technology with the MobiKwik w…
$1 billion club in sight for Myntra
Myntra said it recorded gross sales worth $1 billion on an annualised basis in July riding on the success of an aggressive end-of-season sale. The company, which also acquired rival Jabong last month, now controls over two-thirds of the online fashion market with parent Flipkart, which is widely …
Headhunters focus on smaller start-ups to beat hiring slump
Talent recruitment firms are scouting for business from smaller start-ups that have recently raised funds to fuel growth, diversifying away from larger consumer Internet clients that have frozen hiring amid a funding slowdown, industry executives said. Talent recruitment firms such as Wenger &…
Mjunction gets ready to take on Alibaba
It’s not just e-commerce players like Flipkart and Snapdeal that are gearing up for Chinese major Alibaba’s big India play. India’s largest business-to-business online marketplace mjunction, too, is planning an expansion drive in the west, north and southern regions of the count…
Smriti Irani to launch ‘Selfie with Handloom’ campaign to boost textile industry
The newly-appointed Union Textile Minister Smriti Irani is not the one to lie low for long. After having been eased out of the Ministry of Human Resource Development (MHRD) where she had made ripples with such decisions as moves on the New Education Policy (NEP), The Minister is ready to give Ind…
eBay India claims 100 million product listings
E-commerce marketplace eBay India said shoppers can access over 100 million live product listings on eBay.in and its global easy buy platform geb.ebay.in across electronics, lifestyle, media and other categories. In comparison, Amazon.in, which has the highest percentage of shipments so far, list…