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Posts Tagged ‘ ecommerce ’

Exclusive: Paying salary for AskMe staff is management’s responsibility, says Astro

Tuesday, September 27, 2016 | More »

ASKme_Bazaar3
Malaysia’s Astro Group, the controlling stakeholder in the defunct ecommerce firm AskMe, has put the onus to pay employees and vendors on the company management led by chairman Sanjiv Gupta. Astro has been under fire from Gupta and other employees of AskMe for not transferring funds as per its com...

Gopigeon

Exclusive: On-demand logistics service provider GoPigeon gets $1.5 mn from Nexus Venture

Bangalore-based on-demand logistics service provider GoPigeon has raised $1.5 million (around Rs 10 crore) in a pre-Series A funding round from venture capital investor Nexus Venture Partners, two persons privy to the development told Techcircle. “The firm aims to use the funds for strengthening t...

15 September, 2016 | More »

Binny Bansal

Binny Bansal consolidates his team at newly christened Flipkart Group

In order to manage it diverse businesses that include e-commerce, mobile payments, logistics and two fashion portals, Flipkart has restructured its management team with Binny Bansal spearheading various functions as Group CEO. According to people close to the development, a leadership team has been ...

26 August, 2016 | More »

e-commerce77

Seven visual search startups training sights on fashion e-commerce

Saw a pretty dress on Pinterest or Instagram but have no idea where to get it? In that case, visual search startups can come to your rescue. Visual search is the next big thing in the fashion e-commerce space with more and more e-tailers introducing visual or image search on their platform. For exam...

8 July, 2016 | More »

Amazon

Will Amazon & Alibaba be the final victors in Indian ecommerce battle?

Celebrity promoters, farcical valuations, endless chase of customers with no sign of profits in sight, imminent fund crunch and questions over growth have kept the Indian ecommerce industry in news for a while. Competition from global giants such as Amazon and Alibaba has triggered debate on whether...

4 July, 2016 | More »

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Sellers up in arms against Flipkart’s alleged high-handedness

The simmering discontent among its vendors seems to be compounding woes for Flipkart, which has, of late, been in the news for all the wrong reasons. Upset with the e-commerce company over the way it has unilaterally altered its commission system and is allegedly penalizing sellers for the return of...

25 June, 2016 | More »

Flipkart

Exclusive: Flipkart may look at bank loans as it battles cash crunch

Faced with the steady march of its global rival Amazon on its home turf, ecommerce marketplace Flipkart is now turning to debt financing even as equity infusion looks remotely possible post the successive markdowns in its valuation by existing investors, said a person with the direct knowledge of th...

17 June, 2016 | More »

Wow_Express

Wow Express raises pre-Series A funding

Mumbai-based e-commerce logistics solutions firm Wow Express, which is operated by JMS Logistics and Express Pvt. Ltd, said it has raised Rs 15 crore (around $2.2 million) in pre-Series A funding led by unnamed US-based investors as it tries to scale up operations. Existing investor Tamarind Family ...

14 May, 2016 | More »

Peter-Zou_fe

Exclusive: Chinese entrepreneur Peter Zou floats India-focused VC fund

Peter Zou, founder of Chinese mobile ad network YeahMobi, has launched an India-focused venture capital fund, joining several other peers who are looking to latch on to the opportunities in the Indian startup space, a senior company executive told Techcircle.in. For full story click here...

3 May, 2016 | More »

koovs

Lifestyle e-tailer Koovs’ parent raises $32M from existing & new investors

Koovs plc, the UK-based parent of Indian lifestyle e-tailer Koovs.com, has raised £21.9 million ($32 million or Rs 212 crore) in the first significant transaction related to a local e-commerce venture after the government formally allowed foreign direct investment in online marketplaces. Koovs plc ...

29 April, 2016 | More »

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