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The mad rush for GMV is over, says ShopClues CEO Sanjay Sethi

Monday, October 24, 2016 | More »

Sanjay Sethi, CEO, ShopClues.com
While the Diwali season turned into a battle between Amazon, Snapdeal and Flipkart; ShopClues, run by Clues Network Pvt. Ltd., has been quietly chasing profitability. The Gurgaon-based firm is confident of registering EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) profitabil...


Apple alleges Amazon’s US site selling counterfeit products

Apple Inc., the maker of iPhones, has alleged that e-tailer Amazon.com Inc.’s site in the US is selling fake Apple products. The Cupertino, California-headquartered company has filed a federal lawsuit against an Amazon seller over what it calls as counterfeit products. According to a report by the...

21 October, 2016 | More »


Flipkart to launch offline stores to reach out to users in smaller cities

India’s largest e-commerce venture Flipkart is mulling over launching physical stores in smaller cities to attract more customers. Under its new project that it internally calls ‘assisted commerce’, Flipkart wants to cement its position as the preferred online retailer even in the remote citie...

21 October, 2016 | More »


Facebook, Twitter, Amazon & Reliance Jio eye IPL media rights

Online retailer Amazon and social networking giant Facebook are among the 18 companies that have evinced interest in buying the media rights to the lucrative Indian Premier League cricket tournament. Microblogging site Twitter, broadcasters Star India and Sony, and billionaire Mukesh Ambani-led Reli...

19 October, 2016 | More »


Exclusive: ShopClues acquires two startups to build seller support

Gurgaon-based e-commerce firm ShopClues has acquired two startups to enhance support for merchants on its marketplace platform, according to one person familiar with the development. The acquisitions were made in the second quarter of this year, the person told Techcircle. “One startup has been ac...

17 October, 2016 | More »


Snapdeal hires ex-Groupon exec to lead engineering team for logistics

E-commerce marketplace Snapdeal has appointed former Groupon executive Pradeep Desai as its senior vice president (engineering), the Delhi-based firm said in a statement. Prior to his appointment at Snapdeal, which is run by Jasper Infotech Pvt. Ltd, Desai spent nearly three years at Groupon as a vi...

17 October, 2016 | More »


Amazon eyes advantage over Flipkart with ‘Global Store’ launch in India

In what could give a huge boost to Amazon India’s efforts to gain dominance in the Indian e-commerce market, the US-based e-tailer has launched its ‘Global Store’ here that will give Indian customers direct access to over 4 million global products. With the launch of the Global store, ...

14 October, 2016 | More »


Amazon to take on Spotify and Apple; launches music service

Amazon.com Inc. said on Wednesday that it is planning to launch a new on-demand music streaming service with unlimited access to “millions of songs” for a monthly fee. According to The Wall Street Journal, this service called Amazon Music Unlimited will take on at least half a dozen competitors ...

13 October, 2016 | More »


Demand from tier I, II cities boost ShopClues’ sales

Gurgaon-based e-commerce firm ShopClues says it has witnessed a five-fold growth in its business within the first two days of the Diwali Sale on the back of 50% higher demand from tier II and tier III cities compared to tier I cities. With the conclusion of the festive period, tier III sales account...

12 October, 2016 | More »


Amazon plans grocery stores in US to take on Wal-Mart

US- based etailer Amazon.com Inc., is planning offline grocery stores across the country, according to a media report. A report in The Wall Street Journal (WSJ) citing anonymous sources said that the Seattle-based company founded by Jeff Bezos is also introducing curbside pickup locations, which mea...

12 October, 2016 | More »

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