In a rare sight, top bosses of country’s major e-commerce players – Flipkart, Amazon and Snapdeal shared dais to raise their concerns over the draft Model GST Law. The draft proposes a clause called ‘Tax Collection at Source’ (TCS – Section 56). Under this, e-commerce marketplaces will have to de…
Tag: Snapdeal’s
FreeCharge gets Rs 390 cr top-up from Snapdeal’s parent company
Jasper Infotech has pumped in close to Rs 390 crore into FreeCharge, at a time when the Gurgaon-based unicorn is in the process of closing a substantial equity financing round for its digital payments platform. The latest capital infusion received by FreeCharge Payment Technologies was declared b…
Snapdeal offers Rs 1,000 crore collateral-free loans to its sellers
Online marketplace Snapdeal is offering collateral-free loans worth Rs 1,000 crore for its sellers, ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme — Capital Assist — which is now managed by FreeCharge and i…
Cuberoot technologies, Buttercups & Salebhai.com raise funding
Cuberoot Technologies, Buttercups and salebhai.com have raised funding from investors recently. These start-ups are engaged in fields ranging from data technology to e-commerce. We bring you the details involved: Cuberoot Technologies raises nearly $0.5 million in funding: Cuberoot Technologies, …
South Africa’s Naspers set to buy Citrus Pay for $180m
South African media and internet conglomerate Naspers is set to acquire Citrus Pay for around $150-180 million, in an all-cash transaction, making it one of the largest deals in the Indian payments market, sources close to the development told. With the combined entity, Naspers, which runs PayU a…