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Posts Tagged ‘ Snapdeal ’

Exclusive: Housing.com CMO quits to join Intuit India

Thursday, September 22, 2016 | More »

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Housing.com’s chief marketing officer (CMO), Nikhil Rungta has quit the Mumbai-based startup to join Intuit India as its managing director. Rungta had joined housing.com, run by Locon Solutions Pvt. Ltd., from Reliance Jio in November last year. Rungta has previously worked at Google, Yebhi.co...

Flipkart

Flipkart crosses 100 mn registered user mark

Bangalore-based ecommerce major Flipkart claimed that it has crossed 100 million registered users, becoming the first ecommerce marketplace in India to reach the milestone, it said in a statement. Flipkart also claimed it is the first firm to reach the milestone in a single country outside the US an...

21 September, 2016 | More »

Amazon-Flipkart

Amazon ups ante against Flipkart, launches private fashion label Symbol

Ecommerce giant Amazon India’s largest seller Cloudtail has launched Symbol, an in-house private fashion label. The brand is one of the six labels that the company is set to release this year. The private label has been launched ahead of the Diwali season sales to develop traction for the brand am...

20 September, 2016 | More »

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Snapdeal tweaks business model, sets up wholesale unit

E-commerce firm Snapdeal has established a wholesale unit to buy products that will be sold to consumers directly, following in the footsteps of rivals Flipkart and Amazon, according to a report. The move by Jasper Infotech Pvt. Ltd, operator of Snapdeal, is a departure from its marketplace-run busi...

19 September, 2016 | More »

E-com

Amazon, Flipkart & Snapdeal to fight for supremacy & survival this festive season

Amazon has tripled its seller base from close to 40,000 a year ago, Flipkart is hiring 10,000 temporary staff, and Snapdeal is offering collateral-free loans worth Rs 1,000 crore to its sellers – a state of heightened activity is all too visible among Indian ecommerce companies ahead of the festiv...

16 September, 2016 | More »

DealBerg

Exclusive: Former Snapdeal exec’s B2B e-tail startup DealBerg acqui-hires WeAreGadgets

DealBerg Technologies Pvt. Ltd, an e-commerce platform that caters to businesses, has acqui-hired another online B2B platform WeAreGadgets. The terms of the deal remain undisclosed. Acqui-hiring refers to the buyout of a company mainly for the skills of its staff and not for its products or services...

13 September, 2016 | More »

Nykaa

Beauty e-tailer Nykaa raises $12 mn from Hero Group’s Sunil Munjal, others

Mumbai-based online beauty essentials retailer Nykaa has raised $12 million (Rs 82 crore) in a new round led by Hero Group’s Sunil Munjal. The development was first reported by The Times of India. Queries sent to the company did not elicit a response at the time of writing this report. FSN E-Comme...

13 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 »

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Snapdeal launches own cloud platform to enhance performance across applications

Snapdeal, India’s second-largest homegrown online retailer, has launched its own private cloud platform christened Snapdeal Cirrus which the firm hopes will help save costs and offer performance gains across its applications. Cirrus, built entirely on open source, will help Snapdeal handle its...

1 September, 2016 | More »

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Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »

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