Small and medium sellers on e-commerce platforms said the latest guidelines on online retailing will give marketplaces fewer opportunities to arm twist them on matters such as pricing and return policies. But, the All India Online Vendors Association, which has 500 large and medium sellers as mem…
Tag: Flipkart
Mukesh Bansal, Ankit Nagori to launch a health, fitness startup
Mukesh Bansal, cofounder of online fashion retailer Myntra, and Ankit Nagori, former chief business officer at Flipkart, have joined hands to set up a healthcare, sports and fitness company. The move comes barely six weeks after Bansal, former head honcho at Flipkart, and Nagori resigned from the…
Abraaj, others put $150 million in the Bigbasket
Online grocer BigBasket has raised $150 million (about Rs 1,000 crore) in funding led by Dubai’s Abraaj Group, as it seeks to establish its turf through expansions and by strengthening its express delivery service to overcome competition from younger rivals. An investor said that the compan…
Truecaller plans alliances with e-commerce giants
In an effort to tap on the start-up system in India and open a new revenue stream, phone number identification app Truecaller is planning to get into tie-ups with e-commerce giants such as Snapdeal, Flipkart and other online players which require phone number verification on their customers and o…
Roadrunnr and Tinyowl in early stage of talks to merge in all-stock deal
Logistics player Roadrunnr and online food ordering platform Tinyowl are in early stages talks to merge in an all-stock deal, according to four people aware of the developments. The two startups–both backed by venture funds Sequoia Capital and Nexus Venture Partners–aim to create an i…
“Quikr Doorstep” to offer end to end platform facility
Classifieds portal Quikr said it would expand from listings and offer an end-to-end platform facilitating price negotiations, payment, pickup and delivery, as it looks to monetise its business. The company has launched “Quikr Doorstep” in 25 cities across mobile phones, electronics ap…
Paytm to bring brands in large appliances and furniture on board
Online marketplace Paytm is bringing on board marquee brands in the furniture and large appliances space, as it looks to further its strategy of building a connect with offline retailers. The Noida based company will provide an online presence to the brands on its marketplace, but fulfillment and…
Snapdeal integrates Redbus, Zomato, Cleartrip inventory in mobile app to woo customers
Snapdeal has integrated Redbus, Zomato and Cleartrip inventory in its mobile application as a pilot that will help customers book bus tickets, flight tickets, hotel tickets and food directly from the application. This association gives Cleartrip, Zomato and RedBus access to Snapdeal’s user …
E-commerce firms invite physical stores to sell big brands on their sites
E-commerce companies are trying to persuade brick-and-mortar retail chains — bitter rivals in most product segments — to come on board their digital platforms to sell big consumer electronic brands. This follows companies such as Samsung, LG and Sony having successfully managed to squelch once-ra…
Investor queue gets longer outside micro loan startups
Startups helping college students and young adults get small loans, typically below Rs 1 lakh, are seeing early interest from investors as fin-tech, or financial technology, emerges as one of the hottest sectoral themes for this year. Finomena, a Bengaluru-based lending platform for students, rec…