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Posts Tagged ‘ ecommerce ’

Flipkart is already a leader and does not need a turnaround: Kalyan Krishnamurthy

Monday, December 5, 2016 | More »

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Former Tiger Global executive Kalyan Krishnamurthy, who heads the key portfolios of retail, business development, advertising and products at Indian ecommerce firm Flipkart said he moved to the ecommerce major to stay the course rather than returning to the investment company. He said he has no imme...

Flipkart

Flipkart’s loss doubles in FY2015-16

The net loss of Flipkart Internet Pvt. Ltd, which operates e-commerce major Flipkart, doubled to Rs 2,306 crore in the financial year ended 31 March 2016, compared with Rs 1,096 crore in the year-ago period, according to filings with the Registrar of Companies. The company’s revenues rose to Rs 1,...

26 November, 2016 | More »

Koovs

Fashion e-tailer Koovs raises $13.5 mn

Koovs plc, the UK-based parent of Indian lifestyle e-tailer Koovs.com, said on Wednesday it has raised £10.9 million ($13.5 million, or Rs 92 crore) from existing and new investors including media house Times Group. Times Group invested £3.9 million, Koovs said in a statement. The company also has...

16 November, 2016 | More »

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Amazon.in festive sales up three-fold; ships over 15 mn units

E-commerce giant Amazon.in on Wednesday said sales on its platform grew three-fold compared to last year to over 50 million units during its five-day festive sale. Amazon.in’s festive sale “’Great Indian Festival’” started from October 1 and is slated to close today. Its rivals...

5 October, 2016 | More »

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Festive sales: Flipkart, Amazon, Snapdeal cheer; customers jeer

The country’s top ecommerce companies Flipkart and Snapdeal claimed consumer transactions on their platforms saw an unprecedented spike on the first day of their discounts-led sale. Like in the past, mobile phones, appliances, personal electronics and furniture items were among the most sold, the ...

3 October, 2016 | More »

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

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...

27 September, 2016 | More »

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 »

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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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