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Posts Tagged ‘ ShopClues ’

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

Tuesday, November 29, 2016 | More »

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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...

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »

Danish Ahmed

Exclusive: O2O startup Shopsity shuts down; founder joins Paytm

Yebhi.com co-founder Danish Ahmed’s second venture—Shopsity—also seems to have fizzled out. Shopsity followed an online-to-offline (O2O) retail model and connected customers to fashion retailers in their vicinity. Its website and app are no longer working. Moreover, according to Ahmed̵...

10 November, 2016 | More »

Sanjay Sethi, CEO, ShopClues.com

The mad rush for GMV is over, says ShopClues CEO Sanjay Sethi

While the Diwali season turned into a battle between Amazon, Snapdeal and Flipkart; ShopClues, run by Clues Network Pvt. Ltd., has been quietly chasing profitability. The Gurgaon-based firm is confident of registering EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) profitabil...

24 October, 2016 | More »

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Exclusive: ShopClues acquires two startups to build seller support

Gurgaon-based e-commerce firm ShopClues has acquired two startups to enhance support for merchants on its marketplace platform, according to one person familiar with the development. The acquisitions were made in the second quarter of this year, the person told Techcircle. “One startup has been ac...

17 October, 2016 | More »

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Demand from tier I, II cities boost ShopClues’ sales

Gurgaon-based e-commerce firm ShopClues says it has witnessed a five-fold growth in its business within the first two days of the Diwali Sale on the back of 50% higher demand from tier II and tier III cities compared to tier I cities. With the conclusion of the festive period, tier III sales account...

12 October, 2016 | More »

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North Eastern states top search charts for online shopping

The massive marketing and advertising efforts made by the Indian ecommerce firms may finally be paying off, at least in terms of catching the attention of potential buyers. According to Google Trends, the search for ‘online shopping’ has increased in regions such as Tripura, Sikkim, Mizoram, Meg...

3 October, 2016 | More »

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Is lack of exits impacting Tiger Global’s Indian appetite?

From 2005, when it first set foot in India, till 2015, Tiger Global was roaring in the Indian startup jungle. The US-based asset management firm with hedge and venture capital funds made calculated moves in the first five years making two to five investments annually. In 2011, it took a massive leap...

12 September, 2016 | More »

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Why some investors are betting on competing businesses

Two weeks ago, Taiwanese chip designer MediaTek invested $60 million in One97 Communications, which runs Paytm, a mobile wallet platform and an online shopping site. In itself, the transaction is not unusual – Paytm is raising funds for growth and MediaTek is known for backing innovative firms. Wh...

12 September, 2016 | More »

Sandeep Aggarwal

Is funding truly a game-changer for start-ups?

Start-ups, like all other businesses, require funds to conduct their business activities. While the initial investment, also known as seed-funding, is generally sourced from friends, family and people who have faith in the idea, this fund is mostly used up in bringing the business from the kitchen o...

31 August, 2016 | More »

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