Amazon sells 100 mn products globally on Prime Day; market cap hits $900 bn

Reuters

Online shoppers purchased more than 100 million products worldwide during Amazon.com Inc’s  annual Prime Day sale this ....

19 July, 2018

Amazon rivals Walmart and Microsoft to work together on AI, cloud tech

Reuters

Retail giant Walmart Inc said on Tuesday it entered into a strategic partnership with Microsoft Corp for wider use of ....

17 July, 2018
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Amazon deposits more money into Indian digital payments arm

Vijayakumar Pitchiah

Amazon Pay (India) Pvt. Ltd, the local digital payments arm of the global e-commerce major, has received a fresh funding infusion ....

17 July, 2018

Microsoft calls for regulation of facial recognition technology to prevent abuse

Shweta Sharma

Microsoft Corp has called for government regulation for facial recognition software, saying such artificial intelligence technology ....

16 July, 2018

E-commerce enabler Anchanto raises $4 mn as part of Series C round

Vijayakumar Pitchiah

Anchanto, a Singapore- and Pune-based e-commerce fulfilment platform has raised $4 million (Rs 27 crore) as part of the first ....

4 July, 2018

Used gadgets marketplace Cashify bags $12 mn in Series C round

Vijayakumar Pitchiah

Cashify, an online platform for selling used electronics, has raised $12 million (Rs 82.19 crore) in a Series C round led by Chinese ....

29 June, 2018
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Exclusive: Bus aggregation platform Shuttl to raise $11 mn from Amazon, others

Vijayakumar Pitchiah

Bus aggregation platform Shuttl is set to raise $11 million (around Rs 76 crore) in a fresh round of funding from a clutch of ....

28 June, 2018

Temporary relief for e-tailers as govt defers rollout of new tax provision

Shweta Sharma

E-commerce firms can heave a sigh of relief - for now - as the government has decided to defer a tax provision that the likes ....

25 June, 2018

How emerging tech is helping e-tailers cut costs, tackle fraud

Anirban Ghoshal

E-commerce companies are increasingly using artificial intelligence (AI), robotics and virtual reality (VR) to reduce expenditure ....

25 June, 2018

Amazon India introduces monthly subscription for Prime membership service

Binu Paul

E-commerce giant Amazon.com Inc. has rolled out a monthly subscription plan for its paid membership service ‘Amazon Prime’ ....

22 June, 2018
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A luxury hotel chain has just hired Amazon's Alexa as a butler

Reuters

Amazon.com Inc said on Tuesday that it has partnered with Marriott International Inc to help increase guest access to amenities ....

19 June, 2018

Google to invest $550 mn in Walmart-backed Chinese e-tailer JD.com

Reuters

Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand ....

18 June, 2018

Interior design solutions marketplace HomeLane raises $3.5 mn

Binu Paul

Six months after raising $10 million, interior design solutions marketplace HomeLane has struck a $3.5 million (Rs 24 crore) deal ....

14 June, 2018

Amazon’s job-killing warehouse robots now summoned to the headquarters

Anirban Ghoshal

Jeff Bezos-led Amazon, which is known to use autonomous robots to manage inventory in its huge warehouses to make delivery efficient ....

14 June, 2018

Microsoft tech may help Walmart counter Amazon's automated grocery store

Reuters

Microsoft Corp is working on technology that would eliminate cashiers and checkout lines from stores, in a nascent challenge to ....

14 June, 2018

Amazon users may soon be able to make payments using ToneTag’s sound wave technology

Anirban Ghoshal

ToneTag has partnered Amazon to offer the e-commerce giant’s customers contactless payments on certain offline touchpoints, ....

13 June, 2018

Amazon-backed BankBazaar targeting break-even by end of FY19, says CEO Adhil Shetty

Dearton Thomas Hector

Online financial services marketplace BankBazaar is aiming to turn profitable on an operating level in the last quarter of the ....

13 June, 2018

This Gurugram-based startup makes software development as easy as ordering pizza

Anirban Ghoshal

San Francisco- and Gurugram-based Engineer.ai has launched a software development platform in partnership with Microsoft in India, ....

11 June, 2018

India to release draft data privacy laws by this week: Report

Anirban Ghoshal

In the wake of the Facebook-Cambridge Analytica scandal and alleged illegal Paytm data sharing expose, a 10-member special committee ....

11 June, 2018

In a Flipkart-ruled fashion universe, does the runway have room for the rest?

Binu Paul

Flipkart has built an online fashion empire over the past few years. And for the rest, staying on the catwalk is proving to be ....

7 June, 2018

Lending startup CoinTribe raises $10 mn Series B round

Anand J

CoinTribe, a credit-based lending marketplace for small and medium enterprises (SMEs), has raised over $10 million (Rs 67 crore) ....

1 June, 2018