Tag "Shopclues"

ShopClues raises $1M in bridge round from Unilazer Ventures

By : CIOL Writers

ShopClues has raised $1 million in a bridge round from Ronnie Screwvala-managed Unilazer Ventures. The funding comes amidst talks about ShopClues exploring merger options with other market players. The company allocated about 1,027 equity shares to the Indian subsidiary for raising

ShopClues launches Inovu i7 feature phone priced at just Rs 349

By : CIOL Writers

Diwali may still be a month away but the spirit has already kindled thanks to raining discounts and offers across categories from e-commerce companies. And, undoubtedly, mobile phones are the hottest picks this season with all e-tailers. While Flipkart 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

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to

ShopClues launches a series of e-commerce enablement initiatives for offline sellers

By : CIOL Writers

In a bid to amplify digitisation within the small and medium enterprises (SME), online marketplace ShopClues, has launched Saarthi – an empowerment initiative for the sector. Saarthi comprises a bundled package that offers SMEs e-commerce enablement, digital empowerment training module,

Amazon suspends Cash on Delivery; Flipkart, Snapdeal put a cap on them

By : CIOL Writers

Cash on delivery or CoD forms more than 60 percent of all transactions done on e-commerce portals. But given Prime Minister’s announcement of demonetizing high currency notes, sales across all online marketplaces has been hit badly. In lieu of the

Who will be the next to join unicorn club?

By : CIOL Writers

Thousands of startups are founded every year in India but very few reach the coveted spot of being a unicorn. Presently, only 11 startups from the country belong to the unicorn club and are valued at over a billion dollars.

ShopClues to acquire Momoe to strengthen digital payments

By : CIOL Writers

Online shopping platform ShopClues is all set to acquire mobile payments startup Momoe in a cash and stock deal. ShopClues will integrate Momoe’s payment gateway on its platform to strengthen its digital payments. Momoe, which received $1.2 million from IDG

Four Startup Fundings per day in 2016

By : CIOL Writers 1

Last quarter of 2015 registered a slump for investments in Indian startups but seems like things are back with a bang. However, much of the revelry is limited to early stage startups. Indian startups got investments worth $1.73 billion during