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Posts Tagged ‘ Tiger Global ’

Grofers scraps app-only model, launches website

Thursday, October 20, 2016 | More »

Tiger Global-backed grocery delivery firm Grofers India Pvt. Ltd has scrapped its app-only model and launched its desktop website. The move comes at a time when the Gurgaon-based startup is struggling with margins and unit economics. “Launching Grofers website on desktop – Grofers.com. Best offe...


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 »


Fashion discovery app Findow gets seed funding, eyes tier-two cities

Fashion discovery app Findow has received an undisclosed amount in seed funding from Raj Singh Bhandal, director at Next Media Works, it said in a statement. The app, run by Findow Marketing LLP, introduces shoppers to brands, boutiques, retailers, designers and stylists. It also helps shoppers loca...

13 September, 2016 | More »


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 »


Exclusive: Snapdeal explores merger talks with Flipkart, Amazon

Snapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry. Two people directly aware of the development said that Snapdeal is open to a merg...

18 August, 2016 | More »


Messaging app Hike joins unicorn club after raising $175 mn

Messaging app Hike Ltd has raised $175 million (Rs 1,170 crore) from China’s Tencent Holdings Ltd, Taiwan’s Foxconn Technology Group and other investors in a round that propelled it to the elite list of unicorns, or private companies valued at least $1 billion. Existing investors Tiger Global, J...

16 August, 2016 | More »


Can Walmart and Flipkart help each other in India?

The world’s largest retailer Walmart’s acquisition of ecommerce company Jet.com has triggered speculation on whether this is the beginning of the company’s ambitious play in online retailing, a link sorely missing in its larger business plans. Also, there has been some discussion on whether wi...

16 August, 2016 | More »


Freshdesk hires former WalmartLabs exec STS Prasad as engineering head

Cloud-based customer service software provider Freshdesk Inc. has appointed former WalmartLabs executive STS Prasad as its senior vice president of engineering. Prasad will lead all initiatives related to technology development and oversee infrastructure enhancements to support Freshdesk’s growing...

10 August, 2016 | More »


How Shopclues aims to build non-ecom revenues

E-commerce firm focusing on non-metro markets Shopclues is building a slew of services targeting half a million merchants, mostly micro and small businesses, who sell on its marketplace as it targets one-third of its revenues from outside sale transactions on the website in 18-24 months. “We are b...

29 July, 2016 | More »


Exclusive: Keiretsu Forum, others to invest $450K in customised online jewellery brand AuGrav

AuGrav, a Coimbatore-based startup that designs and sells personalised precious jewellery to end-customers and retailers, is in talks with the Chennai chapter of global angel network Keiretsu Forum and others to raise close to $450,000 (around Rs 3 crore) in seed investments. The startup wants to in...

14 July, 2016 | More »

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