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Posts Tagged ‘ E-Commerce ’

Snapdeal tweaks business model, sets up wholesale unit

Monday, September 19, 2016 | More »

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E-commerce firm Snapdeal has established a wholesale unit to buy products that will be sold to consumers directly, following in the footsteps of rivals Flipkart and Amazon, according to a report. The move by Jasper Infotech Pvt. Ltd, operator of Snapdeal, is a departure from its marketplace-run busi...

Honest Company

Unilever eyes Jessica Alba’s e-commerce firm The Honest Company

Consumer goods behemoth Unilever Plc is in talks to acquire consumer products startup The Honest Company, co- founded by Hollywood actress Jessica Alba, media reports said. The Wall Street Journal reported, citing people familiar with the matter it didn’t name, that Unilever is discussing a deal a...

16 September, 2016 | More »

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Exclusive: Former Snapdeal exec’s B2B e-tail startup DealBerg acqui-hires WeAreGadgets

DealBerg Technologies Pvt. Ltd, an e-commerce platform that caters to businesses, has acqui-hired another online B2B platform WeAreGadgets. The terms of the deal remain undisclosed. Acqui-hiring refers to the buyout of a company mainly for the skills of its staff and not for its products or services...

13 September, 2016 | More »

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Flipkart’s Bansals are no more billionaires, shows Hurun India Rich List

The wealth of e-commerce major Flipkart’s Sachin Bansal and Binny Bansal (not related) has eroded significantly and they have been dropped off from the billionaires’ list, according to the latest Hurun India Rich List. The latest ranking by the financial research firm that focuses on wealth stat...

13 September, 2016 | More »

Kanupriya Verma, COO, CuroCarte & Ananya Birla, Founder & CEO, CuroCarte announce the launch of the luxury e-commerce portal.png

Ananya Birla ventures into online luxury products business

Ananya Birla, the daughter of Kumar Mangalam and Neerja Birla, on Thursday launched her second venture CuroCarte, an e-commerce platform for premium handmade luxury products, which will go live on September 11. The e-commerce platform will offer products curated currently from nine countries–S...

8 September, 2016 | More »

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Govt’s e-commerce panel to hold first meeting on 5 September

An e-commerce committee headed by NITI Aayog CEO Amitabh Kant will hold its first meeting on September 5, to deliberate on issues related with the sector. In the meeting, the Department of Industrial Policy and Promotion (DIPP) will give a detailed presentation to the members on fast growing e-comme...

2 September, 2016 | More »

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Exclusive: Paytm valued at $4.8 bn in new funding round

One 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, has received commitment of $60 million (Rs 403 crore) from Taiwanese chipmaker MediaTek Inc.’s Mountain Capital fund as part of its ongoing fundraising exercise. A person directly familiar with the development...

29 August, 2016 | More »

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Snapdeal nudges buyers to pay before delivery with new service

E-commerce marketplace Snapdeal has introduced a new service that promises free next-day delivery and other benefits to buyers who pay at the time of purchase, in a tactic aimed at goading users to move away from the cash-on-delivery model that helped popularize e-tailing in India. Snapdeal Gold doe...

29 August, 2016 | More »

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Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labe...

22 August, 2016 | More »

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Flipkart to take on Amazon Prime with F-Assured; how is it different from Flipkart First?

Upping the ante in its rivalry with US e-commerce giant Amazon, Indian online retailer Flipkart on Friday launched Flipkart Assured, a programme that customers can use to avail free delivery within two to four days for products that cost more than Rs 500. The move came barely weeks after Amazon last...

19 August, 2016 | More »

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