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Flipkart may raise funds at lower valuation

Monday, January 30, 2017 | More »

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...


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 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 »


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 »


Oxigen partners with eBay for assisted retail

Payment solution provider Oxigen Services has got into a partnership with online marketplace eBay India, according to a press statement. This association will help Oxigen Services customers access over 100 million product listings on www.ebay.in. Under this association, Oxigen brings a unique O2O so...

22 November, 2016 | More »


Instagram to lure users to spend through ‘shop now’ option

Facebook Inc.-owned photo and video sharing app Instagram is testing a “shop now” button that it will roll out from next week, allowing one to buy what he or she sees in a photo that is being shared on its platform. The test, only in the US for the time being, will be tailored for […]...

2 November, 2016 | More »


Facebook launches local commerce tool Marketplace for users to buy and sell items

Social networking giant Facebook Inc. is taking a deeper plunge into ecommerce business with the launch of a new tool christened Marketplace where its 1.71 billion users can buy and sell items from people in their locality, the company said in a blog post on October 3. With Marketplace, Facebook is ...

4 October, 2016 | More »

Dharmendra Singh and Sanjay Singh, co-founders, Intgrea

Exclusive: Intgrea Partners raises $100K in pre-Series A funding

Post merger and acquisition (M&A) integration solution provider Intgrea Partners Pvt. Ltd has raised $100,000 (around Rs 66.7 lakh) in a pre-Series A round of funding from a Bangalore-based serial angel investor, a top company executive told Techcircle.in. The capital raised will be used to add ...

7 June, 2016 | More »

Marc Andreessen

Marc Andreessen steps down from eBay’s board of directors ahead of split with PayPal

Tech entrepreneur and Silicon Valley venture capital investor Marc Andreessen has stepped down from the board of directors of e-commerce giant eBay ahead of its split with PayPal. Andreessen confirmed the news on micro-blogging site Twitter. “It’s been an absolute privilege to serve with...

20 October, 2014 | More »


eBay falls prey to a cyber attack, asks 145M users to change their passwords

eBay Inc., one of the largest online marketplaces in the world urged 145 million of its users to change their passwords because of a cyber attack that compromised a database containing encrypted passwords and other non-financial data. According to the company, cyber attackers compromised a small num...

22 May, 2014 | More »

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