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…
Tag: Flipkart
Flipkart CEO Binny Bansal leads $1 million seed funding round in YumLane
Flipkart Chief Executive Binny Bansal has led a $1-million (about Rs 6.6 crore) seed funding round in Mumbai-based fast moving consumer goods startup QwikPik Technology, which owns and operates the YumLane brand of food products. Other investors that have also participated in the round, a first f…
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…
Myntra pips Snapdeal and Future Group, acquires Jabong for $70 million
Flipkart-owned Myntra on July 26 pipped Snapdeal and the Future Group to acquire rival Jabong in a $70-million all-cash deal that creates India’s largest online fashion destination, reduces discounts and strengthens the Bengaluru-based company’s prospects of keeping Amazon at bay in t…
Shopclues rolls out bidding platform AdZone
Online marketplace ShopClues on July 20 rolled out AdZone, a bidding platform for merchants to promote products using native and custom ads on it. This is expected to impact the company’s bottom line significantly and contribute to 35% of the overall revenue for the company, officials said. The s…
Smartbox in talks to raise $10 million
Delhi-based start-up Smartbox, which provides online shoppers with a secure way to pick up their parcels from ATM-like terminals at a convenient location and time, is in talks to raise its first round of funding of $10 million from domestic and international investors. With an installed base of 1…
Only 5-10% start-ups globally will become large | Kris Gopalakrishnan, Infosys Co-Founder
Infosys Co-Founder and former CII President Kris Gopalakrishnan on July 18, said almost seventy per cent of start-ups globally will fail and only five to ten per cent will become large and scale up. “Almost seventy per cent of start-ups will fail. About 20 per cent will survive but will not…
Race to acquire fashion portal Jabong hots up
The race to acquire Jabong is hotting up. Alibaba, Future Group, Flipkart’s unit Myntra and Aditya Birla’s e-commerce venture Abof are among those in negotiations to acquire the online fashion portal, said people with knowledge of the matter. Even Snapdeal is said to be in the fray, b…
MasterCard invests in online payment gateway solution ‘Razorpay’
American payments and financial services company MasterCard has invested an undisclosed amount in Razorpay, an online payment gateway solution for Small and Medium Enterprises and platforms. The equity-based investment in the company backed by Tiger Global is MasterCard’s second investment.…
Online marketplace Paytm will deliver on same day in 20 cities
Online marketplace Paytm has scaled its online-to-offline (O2O) same day delivery across 20 cities in categories including large appliances and mobiles. The marketplace had started O2O deliveries in October 2015 to meet the demand for the festive season. The service allows sellers to charge a pre…