Tag "Amazon India"

Amazon sets its eyes on food retail in India with a proposed investment of $500mn

By : CIOL Writers

Indian government has approved Amazon’s proposed $500 million investment in India’s food retail segment, according to PTI report. It is a separate investment from the $5 billion which it had already committed to invest in India. Citing a government official, the news agency

Amazon invests Rs 341cr in India’s wholesale business unit

By : CIOL Writers

Amazon has infused Rs 341 crores in its Indian subsidiary, Amazon Wholesale India, the wholesale B2B arm of Amazon India. The investment comes from Singapore-based Amazon Corporate Holdings Pvt. Ltd, according to the documents filed with the Registrar of Companies. The transaction was

Naspers takes its stake to 16pc with $71mn investment in Flipkart

By : CIOL Writers

India’s e-commerce giant, Flipkart received an additional investment of $71 million from the South African media conglomerate Naspers. With the latest investment, Naspers now holds 16 percent stake in the company. “The group invested US$71m for an additional interest in

Amazon India will soon launch payments services

By : CIOL Writers

Though Amazon was a late entrant to the Indian e-commerce landscape, it has been giving fierce competition to local poster boy, Flipkart. And now, to further strengthen the platform, Amazon India is planning to soon launch payments services. In April, the Reserve

Amazon India partners FIEO to train sellers about e-commerce

By : CIOL Writers

Amazon India has partnered with the Federation of Indian Export Organisations (FIEO) – South Zone to train merchants on selling products on online platforms. FIEO is the country’s apex body of export promotion. Under the partnership, entrepreneurs manufacturing, retailing and

Amazon India begins its entrepreneurial training program for tribals in Gujarat

By : CIOL Writers

Back in January, Amazon India signed a Memorandum of Understanding (MoU) with the Gujarat Tribal Development Department (TDD) to educate, train and enable tribal entrepreneurs to directly sell their products online to Amazon customers in India and across the globe. Marking the

Redseer survey: Flipkart and Amazon are going neck-to-neck

By : CIOL Writers

Though Flipkart pocketed in a whopping investment from Tencent, eBay and Microsoft and is also displaying improved performance over the past six months, it is yet to defeat arch-rival Amazon India. According to a survey published by research firm RedSeer Management Consulting

Amazon India gets digital wallet licence; to take on Paytm and Flipkart’s PhonePe

By : CIOL Writers

Online marketplace Amazon India has been granted licence from the Reserve Bank of India (RBI) to operate a prepaid payment instrument (PPI), becoming the latest entrant into the country’s growing FinTech segment. “We are pleased to receive our PPI license from

Flipkart reportedly raises $1bn from Microsoft, eBay and Tencent Holdings

By : CIOL Writers

After a short lull, Indian e-commerce giant, Flipkart once again looks all geared up with a beefed up war chest to take on its rivals. Amidst ever increasing competition and several fundraising speculations, the startup has reportedly raised $1 billion

Flipkart reduces commission charges to boost sales

By : CIOL Writers

Amid its struggle to lead over arch-rival Amazon India, Flipkart has revised policies for merchants who sell on its platform. Starting from March 15, Flipkart will cut commission fees for the 100,000-plus sellers and also other charges affecting the end-users.

Amazon India expands ASPN with new services to help small sellers

By : CIOL Writers

In a bid to lure small sellers and boost up their sales, Amazon India has expanded the scope of Amazon Service Providers Network (ASPN) by increasing the number of services to 10 from the present three. ASPN is a network

Amazon India partners with Gujarat Govt to empower tribal entrepreneurs

By : CIOL Writers

Amazon India has signed a Memorandum of Understanding (MoU) with Gujarat Tribal Development Department to drive digital literacy among tribal entrepreneurs in Gujarat. According to the MoU that was signed during the Vibrant Gujarat Global Summit 2017, Amazon India will

Amazon India launches city-based platform for small sellers in Bangalore

By : CIOL Writers

In a bid to help small sellers to cross the threshold of the digital platform, Amazon India has launched city-specific platforms which allow sellers to advertise products to buyers within the city. According to Economic Times report, the service is

Flipkart teases OnePlus 3 for upcoming sale: A goof-up or well-planned strategy?

By : CIOL Writers

We don’t know if its goof-up or some well-planned strategy but there’s surely more than what meets the eye here. We all know that Amazon India is the exclusive partner to sell OnePlus smartphones in India. But this morning when

With valuations dipping, tougher road ahead for top Indian unicorns

By : CIOL Writers

A Morgan Stanley mutual fund has slashed the value of its Flipkart shares by 38 percent pulling the company to its lowest valuation till date- $5.54 billion. Notably, this is the fourth markdown by the mutual fund in the last

Amazon India beats Google & Flipkart to become India’s most attractive Internet brand

By : CIOL Writers

MUMBAI, INDIA: ‘India’s Most Attractive Brands Study 2016’ results are out and you will be surprised with the rankings. Leaving the search engine giant, Google behind, Amazon India has been ranked as the most attractive Internet brand in India. “For

Amazon India partners Vishesh Films for digital streaming subscription

By : CIOL Writers

Amazon has entered into a long-term partnership with Vishesh Films that will make Prime Video India the exclusive subscription streaming destination for all existing and new releases from the production house. The deal will give Amazon exclusive digital access to

Twitter is also reportedly in fray for IPL broadcasting rights

By : CIOL Writers

After Amazon India, who is high on confidence to fight against the traditional and experienced players – Sony Pictures Network or Star India Pvt Ltd – the micro-blogging website, Twitter is also bidding to acquire digital rights for the 10th

Indians can now order online from Amazon’s US site

By : CIOL Writers

Finally, I can do shopping from Amazon.com. If you reside in India, you can definitely understand my excitement. After launching global stores in Mexico and China, Amazon India has launched a global store where Indian users can purchase products listed

Walmart reportedly in talks with Flipkart for an equity partnership

By : CIOL Writers

Indian e-commerce market is getting hotter by the day. After Alibaba, Rakuten, it’s the world’s biggest retailer Walmart Store that is eyeing the lucrative Indian region and is reportedly in talks with local e-commerce giant Flipkart for an equity partnership,