Tag "e-commerce"

Paytm Mall delists 85K sellers for failing to meet quality standards

By : CIOL Writers

Paytm’s e-commerce arm, Paytm Mall has delisted over 85,000 sellers from its platform in a cleaning operation of sorts for failing to meet quality standards. The company that is gearing up to take stalwarts like Flipkart and Amazon in the Indian

Paytm Mall launches industry-focused learning programme for college students

By : CIOL Writers

Paytm Mall, owned by Paytm Ecommerce Pvt. Ltd has launched a nation-wide programme- Campus Icon to offer industry-focused learning to college students. The six-week programme is not just aimed at skill enhancement but will also see Paytm Mall leadership mentoring students on

Alibaba raises stakes in Southeast Asia’s Lazada with $1B investment

By : CIOL Writers

In a bid to expand its footprint across Southeast Asia, Chinese e-commerce giant Alibaba will be investing $1 billion in online retailer Lazada Group, boosting its stake by nearly a third to 83 percent, the two companies said in a joint

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

Myntra hires former Amazon exec Jeyandran Venugopal as new CTO

By : CIOL Writers

In a bid to accelerate its pace of growth, online fashion retailer Myntra has appointed former Amazon executive Jeyandran Venugopal as its new chief technology officer. Jeyandran Venugopal is replacing Ajit Narayanan, who left the company within six months of

Digital lending platform FlexiLoans acquires Mumbai-based CreditPeriod.com

By : CIOL Writers

In a bid to strengthen its supply chain financial vertical, digital lending platform FlexiLoans has acquired Mumbai-based CreditPeriod.com. Though the financial details haven’t been disclosed, as a part of the deal, the co-founder of CreditPeriod.com, Venkatesh Viswanathan will be joining the

Flipkart is India’s most sought-after employer for second year in a row: LinkedIn survey

By : CIOL Writers

Flipkart has once again bagged the top-ranking as the most sought-after employer for the second year in a row, according to a survey by professional networking site LinkedIn. “We are thrilled to be the most sought-after company to work for in India

Ola reportedly clips investors’ rights to strengthen Founders’ rights

By : CIOL Writers

Seeing the growing clout of SoftBank in the Indian startup industry, cab-aggregator Ola has reportedly decided to restrict investors’ rights and strengthen those of its founders. To that effect, Ola has made some crucial changes in its shareholder terms as a protectionist

Flipkart-Snapdeal deal reportedly needs approvals from Azim Premji, Ratan Tata

By : CIOL Writers

SoftBank, Nexus Venture Partners and Kalaari Capital- the three major investors of Snapdeal may have given a green signal for the e-commerce portal’s proposed sale to rival Flipkart, however, the agreement would still need a nod from  two of India’s

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

All is well that ends well- Rs 193cr bonanza for Snapdeal staffs post Flipkart deal

By : CIOL Writers

“This is the way the world ends, Not with a ‘whimper’ but a bang.” Yes, this time it’s not going to be ‘a whimper’ but a bang bonanza. While a sale of a company is never a good news for

Flipkart reportedly makes an offer of $1bn to acquire Snapdeal

By : CIOL Writers

While SoftBank and other key shareholders continue to negotiate the terms of the deal, Flipkart has in the meanwhile made an informal offer of $1 billion to buy Snapdeal in an all-stock deal, reports Livemint. Flipkart’s offer is a non-binding one and

ShopClues raises nearly $8mn in venture debt from InnoVen Capital; now worth $1.1bn

By : CIOL Writers

Online marketplace ShopClues has raised Rs 50 crore (approx $7.8 million) in venture debt from InnoVen Capital. The latest investment comes nearly 15 months after the home-grown unicorn raised $100-140 million from Singapore’s sovereign wealth fund GIC Pte Ltd, and existing investors

Alibaba and SAIF executives join Paytm E-commerce board

By : CIOL Writers

Paytm E-commerce, the online marketplace division of payments platform, Paytm has inducted SAIF Partner’s Ravi Adusumalli and four top executives from Alibaba as its board of directors, reports ET. According to filings made with Ministry of Corporate Affairs (MCA), the new members

Padmini Pagadala, who became Flipkart’s CEO for a day

By : CIOL Writers

34-year old Padmini Pagadala who is associate director of designs at Flipkart replaced Kalyan Krishnamurthy as the CEO of the India’s largest e-commerce marketplace on Tuesday. Before you jump to any conclusions, the appointment was just for a day. As part

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

Boycott Snapdeal, Oops Snapchat: The curious case of mistaken identity

By : CIOL Writers

Just when you thought that things cannot get worse for Indian online marketplace Snapdeal, comes a blow from a completely unexpected quarter. Snapdeal may be bargaining hard for a potential sale to rival Flipkart behind closed doors but in the virtual

Flipkart and Micromax partner to co-design mid-range smartphones

By : CIOL Writers

After grabbing the much-needed investment of $1.4 billion from Microsoft, Tencent, eBay, Flipkart has now partnered with Micromax to develop and market smartphones for the mid-range of Rs 6,000-12,000. The smartphone lineup named ‘Evok’, is expected to be launched next

abof relies on Watson’s natural language processing power to address shoppers’ queries

NEW DELHI, INDIA: Online fashion retailer, Aditya Birla Online Fashion (Abof) by Aditya Birla Group has added a new personalized and convenient shopping experience powered by IBM Cloud and Watson. With this new feature, shoppers can now interact and ask natural language