Tag "e-commerce"

Flipkart embracing Microsoft Azure platform to enrich online shopping experiences

Taking one step ahead, Flipkart today announced that it will adopt Microsoft Azure as its exclusive public cloud platform to provide the best online shopping service to the users. Microsoft CEO Satya Nadella and Flipkart Group CEO Binny Bansal announced

Bumper smartphone sales help Flipkart edge past Amazon in Dec, Jan

By : CIOL Writers

Beating the expectations of many analysts, Flipkart made a turnaround defeating its arch-rival Amazon, during the Big Billion Day (BBD) sale in October. Continuing the same trend, Flipkart Internet Pvt. Ltd raked in gross sales of more than Rs 2,600

Snapdeal reportedly laying off 30pc of its workforce

By : CIOL Writers

Amid the funding crunch and top-level executive exits, Snapdeal is reportedly planning to lay off 30 percent of its workforce. Citing four people, the Economic Times report says that in the next two months, Snapdeal is planning to cut off

Flipkart pulls the plug on Ekart’s hyperlocal delivery to streamline business

By : CIOL Writers

Without being perturbed by the series of top-level exits, Flipkart’s new CEO Kalyan Krishnamurthy is leading several changes in the operations of the e-commerce player. With an aim to consolidate the business of its logistics and supply chain arm, Ekart

Another senior executive, Tony Navin quits Snapdeal after a seven-year stint

By : CIOL Writers

Barely two days after we heard about Snapdeal’s two senior executives- Abhishek Kumar and Sandeep Komaravelly quitting the firm, comes another piece of news about one more top level exit in the form of Tony Navin, head of partnerships and

Paytm’s payments bank gets $32.5mn in fresh funding

By : CIOL Writers

Digital payments platform, Paytm that is all set to launch its payments bank service in Uttar Pradesh, this month has got another Rs 218 crore (or $32.5 million) cash infusion from Paytm CEO Vijay Shekhar Sharma, investing a sum of

Amazon to foray into India’s online grocery segment

By : CIOL Writers

To further push India’s thriving online grocery selling domain, the global e-commerce giant, Amazon has applied for a wholly-owned food venture to the government of India that will allow the platform to stock locally produced food items and sell them

Alibaba to lead $200mn investment in Paytm’s e-commerce business

By : CIOL Writers

Paytm E-Commerce Pvt. Ltd is close to raising 200 million in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, according to an Economic Times report. Citing two people in the know of the deal that will

Tech and e-comm startups hail Budget 2017

By : CIOL Writers

Sensex closed at a high of 486 points after ‘Union Budget 2017’ which means it has got a nod from the investors as well. The budget 2017 has set the goals straight as India takes head-on the challenging global economic

Flipkart denies senior executives’ exit

By : CIOL Writers

Looks like, 2017 hasn’t changed things much for Flipkart as the India’s largest e-commerce retailer continues to witness executive exits at the top level. Earlier this month, Saikiran Krishnamurthy, Surojit Chatterjee and Samardeep Subandh put in their papers to leave

As Kalyan Krishnamurthy takes charge, 3 top Flipkart execs call it quits

By : CIOL Writers

Barely a day after Tiger Global’s Kalyan Krishnamurthy was appointed as the new CEO of India’s largest online marketplace, Flipkart, its three top-level executives reportedly have called it quits. Citing a company executive in the know of the things, Economic

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

Reliance Jio partners Snapdeal to deliver Jio SIM cards

By : CIOL Writers

Amid constant pressure from incumbent telecom operators and TRAI, Reliance Jio is yet to stop reaching to as many people as possible. Moving in the same direction, Reliance Jio has partnered with Snapdeal to deliver Jio Sim cards to customers

After Microsoft and Google, Pulkit Trivedi to build Facebook’s relationships with clients in India

By : CIOL Writers

Google India’s former Head of Industry (e-commerce), Pulkit Trivedi has been appointed by Facebook as Director for e-commerce, retail, travel and financial services verticals. In his new role, he will lead building and maintaining of strategic relationships with clients in

Flipkart could offer discounts on single-box delivery to reduce logistics cost

By : CIOL Writers

Logistics is the bread and butter of e-commerce companies, which also costs them the highest, eventually influencing the revenue. To tackle this problem, Walmart-owned Jet.com proposed a discount offer to encourage customers to order multiple products that can be shipped

SBI launches E-STORE on SBI Card, Goibibo first online partner

By : CIOL Writers

State Bank of India has been at the forefront to provide all the support it can to Prime Minister’s demonetization scheme to help the country go digital. In its latest initiative, the bank has now launched its own e-commerce platform,

Amazon Go: No queues, just hassle free shopping

By : CIOL Writers

Remember those times when you had to spend more than half of your ‘resting day’ in standing long queues of supermarket stores? Yes, we know, it’s nothing less than a nightmare. However, with Amazon’s foray into brick and mortar store,

e-tail to add 0.4mn high-skilled jobs by 2021, says study

BANGALORE, INDIA: E-tail and allied ecosystem (logistics, warehousing, IT, ITeS) is expected to create direct employment for around 1.45 million workforce by 2021, reveals the recent study done by Snapdeal and KPMG. The study focuses on the role of e-tail

Flipkart’s Sachin and Binny Bansal conferred ‘Asians of the Year’16’ award

By : CIOL Writers

Flipkart founders Sachin Bansal and Binny Bansal have been jointly named “Asian of the Year 2016” by the Singapore-based newspaper The Straits Times as part of a group called the “The Disruptors”. Every year the publication recognises people driving their

Myntra turns to AI to drive growth and profitability

By : CIOL Writers

In a bid to boost growth and profitability, Flipkart owned fashion and lifestyle marketplace Myntra is betting on Artificial Intelligence to enhance and personalize consumer experience. As India’s e-commerce market is forecast to grow to $188 billion in a decade