Amazon India nearly tripled its sales volume during the recently concluded Great Indian Festival Sale compared with 2015. The online sale was conducted in three phases last month. Over 200 sellers sold goods worth over Rs 1 crore this Diwali on the platform. The company witnessed major momentum f…
Tag: Flipkart
Amazon & Flipkart planning offline stores in smaller towns
E-commerce companies in India are exploring the idea of setting up offline stores in smaller towns as they look to grow their customer base and improve logistics in the unmapped areas. Rather than investing in their own stores, e-commerce marketplaces are partnering with local merchants who can a…
Strategy of trusting entrepreneurs failed in India, says Rocket Internet
German internet conglomerate Rocket Internet’s Asia-Pacific CEO Hanno Stegmann said the company’s global strategy of putting its trust on entrepreneurs failed in India. The company has learnt that such strategies won’t work everywhere and is now applying the learning globally, S…
Venture Capitals: The backbone of SMEs & Start-ups
If you are thinking to start a business or you are a successful businessman and want to take your business to a next level, your first priority should be tapping the venture capital funding. India has seen a great success in the startup ecosystem and ‘investors’ play a very crucial role in bringi…
Unlocking the real value of India’s start-up ecosystem
The story of Indian start-ups is not just limited to the current century; in fact it began over four decades ago. Through the 1980s, a handful of pioneering IT services companies, including the likes of Tata Consultancy Services, Infosys and Wipro, put India firmly on the global economic map. The…
India hot-spot market for PE, VC: Singapore VC & PE Assoc
India is a significant market for venture capitalists and private equities for placing investments in start-ups, a senior industry official said. “We see an average of USD 1 billion a year being invested in Indian start-ups by Singapore-based venture capitalists (VCs) and (private equities)…
Online sales extravaganza helps sellers rake in crores
Festive sale across platforms like Amazon, Flipkart and Snapdeal are helping sellers rake in big mullahs with hundreds of them clocking over Rs 1 crore a day from the sales extravaganza. Snapdeal said 37 sellers crossed the turnover of Rs 1 crore each on day 1 itself, while Amazon said nearly 100…
Beardo raises $500k from Venture Catalysts in seed funding
Actor turned entrepreneur Suniel Shetty backed men’s grooming brand Beardo raises seed funding of $500k from Venture Catalysts. The investment round was led by Raj Vazirani – RHV enterprise, Siddharth Somaiya of Godavari Biorefineries & Somaiya Group, Rohit Parakh – Diector, Touchston…
E-Commerce sales to touch $1.5-1.7 bn in Oct: RedSeer Report
eFestive sales are expected to help e-Commerce companies register transactions worth USD 1.5-1.7 billion in October, according to research firm RedSeer Consulting. “With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments. It is going…
Flipkart makes first move as e-Commerce sector prepares for GST rollout
The e-Commerce sector is preparing to ensure compliance with the goods & services tax system before the new tax regime’s targeted rollout date of April 1, 2017, even as it continues to negotiate with the government over some provisions in the law. Providing training on the new system to…