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Myntra launches first offline store in Bengaluru to push private label brand

Myntra launches first offline store in Bengaluru to push private label brand

Nearly seven months after Myntra announced its intent to go offline, the Flipkart-backed online fashion and lifestyle e-tailer has launched its first offline store in Bengaluru. The 4,000 sq ft store, which will be open to the public tomorrow, would be an exclusive store for what Myntra claims to be...

16 March, 2017 | More »

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Exclusive: Amazon elevates India head Amit Agarwal

US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with the development told VCCircle. The meatier role is a likely reward for Agarwal’s successful efforts in building...

16 March, 2017 | More »

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Stayzilla’s Vasupal files bail plea; startup world rallies behind him

Chennai-based homestay aggregator Stayzilla’s co-founder and chief executive Yogendra Vasupal, who was arrested on charges of defrauding a vendor, has filed for bail before Chennai’s Special Metropolitan Magistrate. Vasupal is currently at Chennai’s Puzhal Central Prison. Vasupal was arres...

16 March, 2017 | More »

Flipkart

Flipkart may raise $1.5 bn from Tencent and eBay

Homegrown e-commerce major Flipkart is in talks to raise $1.5 billion (Rs 10,000 crore) from Chinese Internet giant Tencent and US-based online selling platform eBay, a report in a financial daily stated citing three people aware of the development. The transaction may see Flipkart merge or acquire ...

16 March, 2017 | More »

Puru-Vashishtha

Franklin Templeton-backed fintech firm Deal4Loans rebrands to Wishfin, eyes M&A

Lending marketplace Deal4Loans, run by Noida-based Mywish Marketplaces Pvt. Ltd, has rebranded to Wishfin as the company looks to bring loans, mutual funds and insurance products under one platform. While Deal4Loans will continue to facilitate loan disbursals, the core offerings (personal, home and ...

15 March, 2017 | More »

Sanjay Sethi and Radhika Aggarwal

ShopClues investors rally behind Radhika and Sanjay in battle against Sandeep Aggarwal

ShopClues investors have rallied behind the firm’s management led by Radhika Aggarwal and Sanjay Sethi in their showdown with founder and former CEO Sandeep Aggarwal—the estranged husband of Radhika—who went public about their marital discord and accused her of stalling his re-entry into the c...

14 March, 2017 | More »

Home services startup Frapperz raises $100K in seed funding

Home services startup Frapperz raises $100K in seed funding

On-demand home services provider Frapperz has raised $100,000 (Rs 66.6 lakh) in seed funding from a group of investors led by an Australia-based healthcare entrepreneur. The mobile platform, owned and operated by NumeroSeven Technologies Pvt Ltd, has recorded over 10,000 active downloads, the startu...

14 March, 2017 | More »

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Exclusive: Flipkart appoints commerce platform finance head as CFO

Homegrown e-commerce major Flipkart has elevated Sriram Venkataraman, the chief financial officer of its commerce platform as the company’s finance chief. Venkataraman took over as CFO in January, a spokesperson told VCCircle, adding that this was part of the organisational changes made that month...

14 March, 2017 | More »

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ShopClues co-founder Sandeep Aggarwal accuses wife of stalling his re-entry

Marital discord, it seems, has engulfed another Indian unicorn. This time around, Tiger Global-backed e-commerce marketplace ShopClues’ co-founder and former CEO Sandeep Aggarwal, who stepped down after his arrest in the US for insider trading, has accused his wife, co-founder and chief busine...

13 March, 2017 | More »

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Axis Bank limits support for Snapdeal’s seller financing programme

Axis Bank has withdrawn its credit limit to some sellers on e-commerce firm Snapdeal’s platform over falling sale numbers, a report by a financial daily stated. The private sector lender even asked sellers to repay outstanding loans, an Economic Times report stated. The merchants had availed loans...

9 March, 2017 | More »