In preparation for the festive season sales, Amazon India has expanded its last-mile delivery network to 12,500 local stores and retail outlets in 50 cities to address both express and regular deliveries within a radius of 2km to 4km. Amazon’s delivery network, which started as a pilot prog…
Tag: Flipkart
Flipkart to hire 10,000 temporary staff ahead of festive season
E-commerce major Flipkart expects to hire over 10,000 temporary staff to ramp up its delivery and logistics service to meet the festive demand. The move comes as part of the preparations being made by e-commerce companies as they launch offers to boost sales during the upcoming festive period. &#…
Indian online retail market to trail behind China: Report
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…
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…
India’s growth is in its small businesses: Nandan Nilekani
One of the founders of iconic IT company Infosys and the brain behind Aadhaar, Nandan Nilekani wears several hats these days — that of a philanthropist, angel for start-ups and an evangelist for re-imagining India. In an interview, Nilekani shared his views on a variety of issues concerning the c…
After consumer-centric startups, fund woes hit B2B ventures hard
Consumer-centric start-ups aren’t the only ones struggling to raise fresh funds these days. Business-to-Business (B2B) ventures too are finding it hard to convince investors to back them. Data from Tracxn Technologies show just $433.30 million was invested in B2Bs between January and August this …
Govt to strengthen ways to fix e-commerce complaints
Government decided to add some muscle to the mechanism for resolving growing complaints against e-commerce players and warned them of stringent action for not responding to its queries on customer grievances. Nearly 46 companies, including Flipkart, Xiaomi, Olx.in and Bookmyoffer.com, have not be…
Flipkart, Paytm fund $1 mn to Unacademy
Online learning platform Unacademy has raised $1 million in funding led by Blume Ventures, while entrepreneurs such as Flipkart Co-Founders Sachin and Binny Bansal, Paytm’s Vijay Shekhar Sharma and Freecharge’s Kunal Shah also participated in the round. This is the second round of institutional f…
$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 &…