Startup India has struck a chord with Bahrain, so much so that the West Asian country wants to have its own version of the programme initiated by Prime Minister Narendra Modi. Bahrain wants Indian startups working in areas of financial technology and gaming in particular to expand base in the cou…
Tag: Flipkart
Cutting influence of big businesses is good, but strengthen SME policies
Narendra Modi’s government is completing its two years and while several things have changed people’s expectations is that more could be done. But what is it that can be done if real change has to happen. What is needed is not always what business particularly big business wants. One thing that h…
Flipkart investor Tiger Global reduces its stake in Amazon BY 67%
Tiger Global Management, which is the largest investor in e-commerce major Flipkart , has reduced its stake in US rival Amazon by nearly 67% in the March ended-quarter. The hedge fund has cut its exposure to 1.04 million shares worth $619 million as of March 31, down from 3.19 million shares wort…
Wow Express raises Rs 15 crore in a pre-series round
E-commerce Logistics Start-up Wow Express, has raised Rs 15 crore in a pre-series A round of funding led by US-based investors. Existing investor Tamarind Family Private Trust also participated in this round. Co-founded by Jayesh Kamat, Mazhar Faruqi and Sandeep Padoshi, Wow Express started opera…
Ekart plans on powering last-mile delivery in radius of 500 to 800 metres
Ekart, the logistics arm of online marketplace Flipkart has signed on a network of 700 corner stores across 28 cities as part of its alternative delivery programme. Through the programme, the company plans on powering last-mile delivery using personnel at the corner stores in a radius of 500 to 8…
7 Indian startups valued over $1 billion
Flipkart Flipkart as a startup 9 years ago was a company with ambitions in the e-Commerce domain. The company started as an online platform for selling books in 2007 by Sachin Bansal is now valued at $ 15 billion offering a huge range of products categories. Snapdeal Snapdeal the e-commerce compa…
Zopper reaches out to more cities, doubles gross sales
Hyperlocal e-commerce startup Zopper said it is set to more than double its gross sales to $250 million this year as it expands its city reach and at the same time, keeps its portfolio focussed on electronics. Zopper, which allows users to shop from the nearest retail store, said it plans to expa…
CareOnGo raises funds in pre-series A
B2B e-distribution startup CareOnGo has raised an undisclosed amount in pre-series A funding round led by Farooq Oomerbhoy of FAO Ventures. A consortium of investors including Anupam Mittal and Anand Mittal of People Group, Head of Flipkart’s ads Business Ravi Garikipati, Co-Founder of Unic…
Askme Grocery expands hyper-local business
AskMe Group, a consumer focused internet firm focusing on hyper local businesses, is doubling the reach of its grocery delivery arm to more than 80 cities and aims at a five-fold growth in deliveries this financial year. Askme Grocery, which claims to be the largest online grocery player with pr…
India handloom brand bets on ecommerce to raise market positioning
India Handloom Brand is drawing up new strategies that include retail and e-Commerce, in a bid to raise the market positioning of handloom. There are four stores of the Central Cottage Industries Corporation of India at Delhi, Bengaluru, Mumbai and Chennai that stock India Handloom Brand Products…