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Posts Tagged ‘ ecommerce ’

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

Wednesday, October 5, 2016 | More »

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...


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 »


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 »


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 »


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 »


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 »


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 »


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 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 »

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