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Internet

Exclusive: Tiger Global may be part-exiting Flipkart with 3x return

Tuesday, March 21, 2017 | More »

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Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-com...

ShopClues

ShopClues looks to raise $75-100 mn in pre-IPO round

Clues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial public offering (IPO), a financial daily reported on Tuesday. The transaction is expected to be a ...

21 March, 2017 | More »

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Flipkart raises $1 bn in down round: Report

Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, has reportedly raised $1 billion in a massive fundraising round. The funds were secured at a down round that valued the company at $10 billion, the report added citing the same people. Flipkart had a p...

20 March, 2017 | More »

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Snapdeal strategy head Jason Kothari formally takes over at FreeCharge

E-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, has appointed Jason Kothari as chief executive officer of its mobile recharge platform FreeCharge. Kothari will also continue his key leadership role as chief strategy and investment officer at Snapdeal, the company said in a statement....

20 March, 2017 | More »

Brian

Key takeaways from Airbnb CEO Brian Chesky’s India visit

Home-sharing company Airbnb Inc has introduced a new offering in India, as it seeks to expand its operations in a market that is still tiny but growing rapidly. The company, whose online rental listings range from private rooms to manors and islands, launched the Trips platform during the visit of c...

20 March, 2017 | More »

Snapdeal

Two senior executives resign from Snapdeal’s Bangalore centre

E-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company’s two associate vice presidents Balaji Hariharan and Hemanth Kota have resigned, a report in The Economic Times stated citing people aware of the development. Hariharan serv...

18 March, 2017 | More »

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Myntra set to invest in 10 fashion brands with accelerator programme

Flipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle. “We have already closed term sheets with three of them and will soon complete it with the rest. Ma...

17 March, 2017 | More »

Kanwal Rekhi

Why Inventus’ Kanwal Rekhi doesn’t regret giving Flipkart, Snapdeal a miss

Many moons ago, Kanwal Rekhi and John Dougery, the founding partners of Inventus Capital, carefully examined two fledgling e-commerce ventures but passed up the investment opportunity. The two startups—Flipkart and Snapdeal—have eventually gone on to become unicorns valued several billion dollar...

17 March, 2017 | More »

Latif Nathani

Exclusive: Former India head Latif Nathani quits eBay

Latif Nathani, who was heading eBay’s India business up until recently, has resigned from the company. Nathani served as the managing director and vice president of eBay India since May 2013 until last month when he moved back to the US. Nathani decided to move to the US for personal reasons, a pe...

17 March, 2017 | More »

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Myntra and Jabong to integrate back end, logistics functions

Flipkart-backed Myntra and Jabong will share the same logistics infrastructure by bringing together their back end and supply chain functions, a report in a financial daily stated. “Myntra logistics will also be one of the partners for Jabong which already uses Ekart for shipping,” The Economic ...

17 March, 2017 | More »

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