E-commerce company Shopclues expects to register more than two fold jump in Gross Merchandise Volume (GMV) from its platform at $3 billion (about Rs 20,000 crore) by the end of current financial year. “We are planning to close financial year 2016-17 at annualised GMV rate of $ 3 billion,…
Tag: ShopClues
Paytm to assist sellers in six more local languages
In a move aimed at consolidating its seller marketplace, digital payments and ecommerce platform Paytm has created local language-based services that will help sellers in cataloguing, documentation and loan applications. While automation and providing end-to-end seller services worked well for ma…
Flea market gives Paytm, Shopclues a high
Online marketplaces ShopClues and Paytm have said consumers in small towns and cities are fuelling their weekly ‘flea market’ sales. Flea market gives Paytm, ShopClues a high; strategy helps them differentiate from larger firms The strategy of a Sunday ‘flea market’— where…
PHDCCI Innovation Summit brings together innovative minds for enhancing MSMEs
MSMEs are the growth engine of Indian economy. Innovation in the sector is both an opportunity and a challenge. To make innovation an integral part of the business plan at SME firms, PHD Chamber of Commerce and Industry, in collaboration with Paytm, Hero Mindmine, Ajeevi and SMEpost.com, organise…
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
Online marketplace for used automobiles and auto services Droom has closed a Rs 200 crore funding round, a transaction that comes at a time when mid-to-late stage funding in India continues to be under severe stress. The Series B round of equity financing has been led by Singapore-based investor …
Paytm leads $10-million funding
Online mobile wallet major Paytm has led the Series-B round of funding for on-demand auto-rickshaw aggregator, Jugnoo, for $10 million (Rs 66.65 crore). Last October, Chandigarh-based Jugnoo had received funding of $10 million from the Vijay Shekhar Sharma-led company. This is the Series-B2 round…
Online marketplace shopclues drops regional operations, eyes cities for growth
Online marketplace ShopClues is looking to expand its seller base and make intra-zonal shipments the norm to speed up deliveries and reduce logistics cost, a move that comes at a time when etailers are seeking to fulfill orders faster than their competitors as discounts take a back seat. “W…
Start-up world is finally seeing more women at the top
Amidst the euphoria over Start-up India, one fact stands out: only 9 per cent of the country’s 4,200-odd new-age start-ups are led by women. But the good news is that more women are jumping onto the bandwagon. According to Nasscom, there was a 50 per cent increase in women joining the start-up ec…
Hyperlocal firm Zopper acquires software company EasyPoS
Hyperlocal discover and buying platform for electronics Zopper has acquired point of sale (PoS) software company EasyPoS in a mixed cash and equity deal, valuing the company at Rs 33 crore ($5 million). The move is directed at raising additional revenues through the PoS solution and increasing st…
Shopclues eyes companies in the ad-tech, payments and analytics space
Shop-Clues is scouting for payments, analytics and ad-tech companies to buy, leaning on acquisitions primarily to strengthen its seller network to trump over its rivals. The online retailer only recently laid claim to being a billion-dollar startup but has been quick to outline aggressive plans t…