Tag "e-commerce"
Evolution of e-commerce tech to make buying process easier
E-commerce has come of age but still has a long way to go before it truly matures. What seemed like magic when it began, E-commerce, to this day, has several layers of internal and external technical dependencies. These determine its
The Future of E-Commerce in the New Normal
E-commerce: It is said that on an average, it takes more than two months to form a new habit; 66 days to be exact. For India, it has been more than 140 days since the country first went under lockdown.
Flipkart resumes delivery for essential commodities, groceries after government clarifies and provides e-pass
After the Central Government announced a complete lockdown in the country, all e-commerce websites suspended their services. Flipkart and Amazon had discontinued taking low-priority orders. Zomato and Swiggy shut down as well as the delivery boys were getting harassed by
Impact expected from e-commerce policies on e-retailers
From February 1 this year, the growing e-commerce landscape in India has dealt with a regulatory intrusion that has the potential to cause significant change to the current scenario. As per the new foreign investment restrictions, e-commerce firms in India
Indian e-commerce likely to cross $100bn mark by 2020
With an online population of 500 mn in 2017, India has one of the fastest growing Internet population in the world. But, despite a growing internet and smartphone penetration, Indian e-commerce penetarion is still under penetrated in comparison to other
Walmart confirms investing $16bn in Flipkart for a majority stake of 77pc
US retail behemoth, Walmart announced that it is acquiring approximately 77 percent in Flipkart for $16 billion for a valuation of over $20 billion. The investment includes $2 billion of new equity funding. The remainder of the business will be held
Google now lets US retailers list products on Search; gets cut on sales
Google has introduced a new program- Shopping Actions that will allow the US retailers like Target, Walmart, and Home Depot to list their products across Google Search, in its Google Express shopping service, and in the Google Assistant app for smartphones and on
Amazon sets eyes on India’s offline retail market with 5pc stake in Shoppers Stop
Marking its first foray into India’s offline retail space, Amazon’s investment arm has acquired a 5 percent stake in Mumbai-headquartered fashion retailer Shoppers Stop. Amazon.com NV Investment Holdings, a foreign portfolio investor, will subscribe to about 4.4 million shares, equivalent to about
Amazon takes homegrown Titan into the US market
BANGALORE, INDIA: Homegrown watch and accessories brand, Titan has partnered with e-commerce giant Amazon, to make foray into the US market. Through this collaboration, Titan watches will now become easily available to US and overseas Amazon customers eventually, through its Global Selling Program. Titan
Paytm Mall delists 85K sellers for failing to meet quality standards
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
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
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
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
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
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
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
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
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
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
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
