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Posts Tagged ‘ E-Commerce ’

Alibaba Group’s global MD Gowrappan joins Paytm board

Thursday, October 27, 2016 | More »

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Alibaba Group’s global managing director K Guru Gowrappan has joined Paytm’s board as an additional director. This marks the third top-level appointment in the digital wallet firm during the last one week. On October 20, Paytm announced that Amit Singhal, the former head of Google search...

Sanjay Sethi, CEO, ShopClues.com

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

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...

24 October, 2016 | More »

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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 »

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AskMe fiasco: End game the blame game

A fierce internal strife, mass pleas by desperate unpaid employees, cases initiated by duped sellers, volley of charges and counter charges between investors and management, theories of a suspected scam freely circulating on social media; the shutdown of e-commerce firm AskMe, incorporated Getit Inf...

30 September, 2016 | More »

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How Amazon, Flipkart, Snapdeal are circumventing rules to give discounts

Come October and it will be raining discounts online. E-commerce firms will come up with their annual big sales—Amazon’s Great India Sale, Flipkart’s Big Billion Day and Snapdeal’s Unbox Diwali—starting October 2 to 6. The discounts will range anywhere between 10% and 70% or more. This com...

30 September, 2016 | More »

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Walmart-Flipkart combo may hurt common enemy Amazon

At a time when stakeholders in the Indian e-commerce industry were locked in an intense debate over who between Amazon and Flipkart will emerge the winner post the upcoming festive season, the development that the world’s largest retailer Walmart is in the process of picking up an equity stake in ...

27 September, 2016 | More »

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Exclusive: Astro’s chequered history kept investors away from AskMe: Sanjiv Gupta

The management of AskMe had proposed a buyout offer as “the chequered past” of the majority investor Astro discouraged other investors from associating with the company, said Sanjiv Gupta, former chairman of the troubled ecommerce firm which faces closure threat. “It belies every aspec...

27 September, 2016 | More »

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Walmart in early talks to invest in Flipkart

US-based offline and online retailer Walmart Stores Inc. is in early talks with Indian e-commerce firm Flipkart India Pvt. Ltd for an equity partnership, according to a report. The Economic Times reported, citing two sources it didn’t name, that “the companies are engaged in early talks and a me...

27 September, 2016 | More »

Craftsvilla founder Manoj Gupta

Aim to turn profitable in six months, says Craftsvilla founder Manoj Gupta

Ethnic products e-tailer Craftsvilla has raised nearly $53 million from marquee investors such as Sequoia Capital, Nexus Venture Partners and Lightspeed Venture Partners. But the five-year-old startup, run by Kribha Handicrafts Pvt. Ltd, isn’t looking to mobilise more money anytime soon. Instead, ...

26 September, 2016 | More »

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Snapdeal tweaks business model, sets up wholesale unit

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...

19 September, 2016 | More »

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