Tag "e-commerce"

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

Flipkart is eyeing grocery segment once again

By : CIOL Writers

Keeping a close eye on its arch-rival Amazon’s moves, Flipkart too is set to re-enter Indian grocery segment once again. “Yes we will get into grocery… 80 percent of units bought in India is grocery… the grocery market is 400-600

Myntra aims for 3x sales from 35 new brand launches during Big Fashion Gig sale

By : CIOL Writers

Making a move beyond discounting model, online fashion retailer Myntra has announced the launch of its biannual sale event, ‘Big Fashion Gig’ from April 7 to 9 that will witness the launch of 35 new brands, live fashion conversations and style

Flipkart reportedly to raise up to $1.5bn in new funding round

By : CIOL Writers

After a tough season marked by devaluations, cash crunch and executive exits, Flipkart is finally making news for all the right reasons. India’s largest e-commerce marketplace is all geared up to get between $1.2 billion and $1.5 billion in fresh

Snapdeal reportedly missed on crucial funding due to investors’ feud

By : CIOL Writers

Snapdeal’s is fighting a battle of survival in the India’s competitive startup world. And with fresh reports suggesting an internal conflict between its investor, things only look bleak for the country’s homegrown e-tailer. Amidst the funding crunch that’s apparently marring the

91pc of all retail sales are generated in offline stores: Study

By : CIOL Writers

While e-commerce companies are growing remarkably, the traditional mortar and brick stores are still generating 91 percent sales globally. Zebra Technology which studied 1,700 retail decision-makers across various retail segments said, ”Despite the rise of e-commerce, the physical stores still

Amazon acquires Middle-East e-commerce giant Souq.com

By : CIOL Writers

Amazon has agreed to buy Middle-East’s biggest e-commerce platform, Souq.com. The acquisition had been making a lot of rumours in the past week, but Amazon has now officially confirmed the deal without disclosing its value. SOUQ.com, that is often referred to as the Amazon of