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Posts Tagged ‘ eBay ’

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-commerce company in the latest fund-raising round that valued it at $9.3 billion pre-money, a person familiar with the conversations told VCCircle. While...

VCCircle_Flipkart8

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 »

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 »

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 »

Ramkumar Narayanan

Exclusive: eBay India’s head of product development Ramkumar Narayanan quits

Ramkumar Narayanan, general manager and global head of monetisation products at eBay Marketplaces in India, has resigned from the firm. He was primarily responsible for generating revenues for eBay. Narayanan has confirmed the development to Techcircle. Previously, he was the vice president of globa...

22 February, 2017 | More »

Flipkart

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft C...

22 February, 2017 | More »

VCCircle_Flipkart8

Flipkart may raise funds at lower valuation

E-commerce company Flipkart could be preparing to raise a new round of investment at a significantly lower valuation than its previous fundraising exercise, a media report said. Flipkart is likely to raise Rs 3,400-5,400 crore ($500-800 million) at a valuation of $10-12 billion, The Economic Times r...

30 January, 2017 | More »

Lenskart

Lenskart losses widen in FY16, revenue jumps

Lenskart Solutions Pvt. Ltd net loss for the financial year ended March 2016 widened to Rs 113 crore as the eyewear retailer spent more on advertising and promotions, a media report said on Wednesday. The company’s revenue for 2015-16 jumped 63% to Rs 99 crore, Mint reported citing documents filed...

4 January, 2017 | More »

eBay

eBay India revenue triples, losses widen in FY16

The Indian arm of US-based online selling platform eBay Inc has reported a three-fold rise in revenue and a wider loss for the financial year 2015-16. The company reported losses of Rs 262 crore for the year ended March 2016 versus Rs 172 crore in the same year-ago period, a report in The Economic T...

27 December, 2016 | More »

Amazon-Flipkart

Flipkart, Amazon score closely on e-commerce rankings: RedSeer

Online e-commerce giants Amazon India and Flipkart were neck and neck in terms of ranking, with the latter a few points ahead in RedSeer Consulting’s E-tailing Leadership Index (ELI). On overall rankings for October 2016, Flipkart was placed at 97, while Amazon India came in at 94. Amazon India lo...

29 November, 2016 | More »

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