Snapdeal Said to be in deal talks with rivals Flipkart, Paytm for potential sale

Indian online marketplace Snapdeal is in talks with domestic rivals Paytm and Flipkart for a potential sale, that could value the company at less than the total equity raised by parent Jasper Infotech Pvt. Ltd, according to three people aware

E-Commerce Giant Snapdeal in talks with SoftBank to raise funds at lower valuation

Snapdeal has initiated discussions  to raise fresh funds largely from existing investor SoftBank Group Corp. at a significantly lower valuation than the $6.5 billion peak it touched in its previous round, as per Mint reported. Snapdeal and SoftBank have discussed

Online to offline – where did this really come from?

The experience of a brick and mortar store can never be replicated online. The joy of shopping in an offline store, look and feel, ambience, service, ease of try before you buy for the ones who really are particular and for the categories

I have a feeling that my next big unicorn idea will be stolen!

Well, everybody at some point of time get this feeling and it is absolutely normal. Why “NORMAL” because it is genuine feeling that comes but if you are every now and then fussy about it than there is definitely more

Phase of exuberance in e-commerce sector over: Mohandas Pai

From a period of exuberance, India’s e-commerce sector has entered a reality check phase with players focussing on cost cutting and business viability as investors seek performance, tech investor T V Mohandas Pai said yesterday. Pai, ex-CFO of software major

Five Mistakes New E Commerce Sites Should NEVER Do!

E Commerce has already taken over the way world functions. Everything can be bought and sold online now, thanks to the local online outreach that many businesses have these days. If you are planning on starting an E Commerce business,

Snapdeal raises $200 million, giving it $6.5 billion market value

Online market place Snapdeal has raised $200 million from Ontario Teachers’ Pension Plan and other investors as it looks to add more muscle to compete with likes of Amazon and Flipkart. The latest fund-raising follows $500 million raised last August

Indian e-commerce market may reach $45-50 bn by 2020 says Study

E-commerce market size for goods is expected to jump about five times to USD 40-50 billion by 2020 from about USD 8-12 billion presently, says a report. While travel is expected to account for 60 per cent of e-commerce sales

Flipkart to continue funding discounts says Sachin Bansal

E-commerce major Flipkart will continue to fund discounts to win customers and stay ahead of the competition while investing in back-end operations, the company’s co-founder and chief executive Sachin Bansal said here today. “As Flipkart, and the overall e-commerce industry

Ratan Tata Invests in B2B Marketplace Moglix

Continuing his slew of investments in startups across the world, leading industrialist Ratan Tata has invested in Moglix, an e-commerce company specialising in B2B procurement of industrial products. This is Tata’s sixth investment this year after investing in five companies

Lazylad’s ‘built-to-last’ business model for n-commerce

Competition and practical problems are knocking each and every sector of e-commerce. Hard times have begun to bite neighborhood commerce, more commonly known as n-commerce, as is evident from the fact that of late, prominent and heavily funded players have

Now get your orders delivered at Delhi Metro stations when you shop online

Come February, Delhi Metro stations will double up as terminals for e-commerce sites, with customers being given the option of getting products delivered at select stations so they can collect them at their convenience. The arrangement is expected to come

India start-ups at risk as investors close taps, Narendra Modi fund falls short

After pumping billions of dollars into Indian Internet startups in the last 24 months, global investors are cutting that flood back to a trickle as dreams of huge online sales are clouded by soaring valuations and still-distant profits. Even as

SBI ties up Snapdeal to offer loans to e-commerce sellers

Country’s largest lender State Bank of India on Friday announced launch of SBI e-Smart SME to offer easy working capital to online e-commerce players.SME to offer easy working capital to online e-commerce players. The bank has initially tied up with

E-commerce major Flipkart announces new management structure

Country largest e-commerce platform Flipkart today announced that Sachin Bansal, CEO and Co-founder of Flipkart, will be the Executive Chairman of the company and Binny Bansal, COO and Co-founder of Flipkart, will be the new Chief Executive Officer of Flipkart. In his

What 2016 holds for the Indian Entrepreneurs?

Looking back at 2015, one can safely comment that this was one of the most important years for start-ups, where the focus was not on big companies making bigger news but that of small time individuals making it big. 2015

Paytm acquires Shifu to enhance consumer experiences on its platform

Paytm has acquired Delhi-based consumer behaviour prediction platform Shifu in an $8-million (Rs 53-crore) deal to enhance consumer experiences on its platform. “Shifu’s data and tools to predict consumer preferences and behaviour are very useful for a company like ours. We

India’s E-Commerce Space May See A Big Shake-Up With In 2 Years: T V Mohandas Pai

Slamming huge discounts and cashback offers from e-commerce players as “subsidies”, Chairman of Manipal Global Education T V Mohandas Pai has said the industry may see a shakeout in the next two years, or “even earlier”. He faulted the business

Amazon India Signs MoU With NIESBUD to Fast Track SME Growth

E-commerce major Amazon India has signed an agreement with the National Institute for Entrepreneurship and Small Business Development (NIESBUD) aimed at encouraging SMEs to grow business profitably online. Under the MoU, Amazon.in and NIESBUD will work towards spreading awareness on

E-commerce B2B platform, IndustryBuying Raises Funding from TVS and Murugappa families

Industrybuying.com, India’s leading ecommerce B2B platform, featuring over 300,000 products on its platform announced that the Murugappa and TVS families have invested an undisclosed amount in the company. The funding round saw participation from Vellayan Subbiah, MD Chola Finance, Muthu

Country’s Start-Ups Regime Complex, Difficult: Amitabh Kant

Admitting that the country’s regime for start-ups is “complex and difficult”, a top official on Tuesday said the government was working “in a big way” to improve the country’s taxation, patent and registration ecosystem. “… regime for start-ups is complex

Snapdeal launches multi lingual platform in 12 languages and brings digital commerce closer to the next 130 Million Indians

Snapdeal, India’s largest online marketplace, today unveiled its multilingual interface to enable millions of Indians to overcome language barriers and shop online in their preferred regional language. Starting today, Snapdeal’s user interface on the mobile will be available in Hindi

Government Says E-Commerce Market in India May Hit $100 Billion by 2020

India’s E-commerce market is likely to grow ten-fold in next five years to reach $100 billion on the back of increasing penetration of the internet, smartphones and spread of digital network in rural areas, Department Of Industrial Policy and Promotion

Government Working on E-Commerce Definition: Nirmala Sitharaman

In view of ‘very complex’ and ‘multi-layered’ business structure of e-commerce firms, the government is working on a proper definition to bring clarity on a host of issues including taxation, Commerce and Industry Minister Nirmala Sitharaman said. “…it (e-commerce) is

AskmeBazaar launches community for e-commerce merchants

E-commerce platform AskmeBazaar has started an online community to help sellers to interact and share insights on their experience doing business online. Under its Grow with Us initiative, the company has launched a new portal, growwithus.askmebazaar.com and is also looking

Commerce Ministry Asks RBI, Enforcement Directorate to Probe if Flipkart, Amazon Flouted Rules

The Commerce Ministry has requested the Enforcement Directorate and RBI to examine whether e-commerce majors Flipkart, Amazon and Snapdeal violated FDI rules by engaging in business-to-consumers (B2C) activity. The move followed a complaint filed by traders’ body CAIT which alleged

India E-Commerce Story Strong, to Hit $35 Billion by 2019: Nomura

Indian e-commerce sector’s growth looks strong and is expected to reach $35 billion by 2019, says a report. “The growth of India e-commerce remains strong, tracking our expectations of reaching USD 35 billion by 2019,” Nomura said in a research

Aditya Birla Group Makes E-Commerce Debut With abof.com

With online retailers stealing a march over traditional formats, conglomerate Aditya Birla Group today entered the e-commerce space by launching fashion portal abof.com. “The e-commerce sector is a sunrise sector from an investment point of view. While a lot has

Amazon.in launches morning delivery service for its late night customers

In yet another example of delivery innovation, Amazon.in, India’s largest online store, today announced the launch of its Morning Delivery service across 4 metros – Mumbai, Delhi /NCR, Bengaluru and Hyderabad, in time for the festive season. With Amazon.in’s Morning

Consumers To Splurge $8 Billion on E-Commerce This Festive Season

Consumers are expected to splurge about $8 billion (Rs 52,000 crore) on online shopping this festive season, translating into 40-45 per cent sales increase for e-commerce players, says an Assocham study. “Wooed by heavy discounts and combo offers, consumers are

Government Units tie up with e-commerce firms to market indigenous crafts

While the nation is high on digital India, government bodies that are working to rejuvenate their indigenous art forms, especially textiles are tying up with ecommerce platforms as one of their major brand building exercise. Hand painted Bhagalpuri silks, traditional

Flipkart receives notice from Delhi police for selling stolen mobiles to customers

Delhi Police Monday sent a notice to Flipkart and asked them to join a probe into the sale of hundreds of mobile phones stolen by agents registered with the e-tailer. The notice, addressed to the CEO of Flipkart, came following

Federal Bank sets up Rs 25 crore fund for investment in start-ups

Private lender Federal Bank on Wednesday said it has created a corpus exclusively for investment in startups. “The primary objective is to provide long-term capital to startup companies with innovative ideas, potential for high growth and ability to bring socio-economic

E-Commerce Sites Should Be Treated as Retailers for Foreign Direct Investment: Delhi HC

The Delhi High Court has observed that if the central and state governments were not treating e-commerce sites like Flipkart and Amazon as retailers for foreign direct investment (FDI), they cannot be treated as retailers for taxation purposes. Justice Rajiv

Snapdeal Launches SD Advisor Programme to Assist Sellers in Business Management

Online marketplace Snapdeal has launched its SD Advisor Programme, under which its two lakh sellers will get a personal advisor to assist them in business management on the platform. The programme, part of Snapdeal’s USD 200 million investment for building

Tech Giant Qualcomm Announces to Invest US $150 Million for Indian Start-Ups

In an effort to push Digital India initiative, Silicon Valley-based tech giant Qualcomm today said it will invest USD 150 million for Indian start-ups. “We share Prime Minister Narendra Modi’s vision to transform India into a digitally empowered society and

Amazon India to Help Merchants Sell Through Own Website

Global e-commerce major Amazon today launched a new offering which will enable merchants with logistics and payment services to sell through their own website. Using the new integrated payments and logistics offering, brands and businesses who want to sell through

Snapdeal Expects to be Profitable in Three Years: CEO Kunal Bahl

E-commerce major Snapdeal expects to be operationally profitable in the next three years and is investing heavily in building infrastructure to scale up its business. “More specifically in the next three-year period, at least in our business, I feel fairly

Yepme raises USD75 MN from investors led by Malaysia’s Khazanah: Sources

Online fashion retailer Yepme has raised US$75 million (RM317 million) from investors led by Malaysian state fund Khazanah Nasional Berhad, two sources familiar with the matter told Reuters. The company, which makes its own brand name clothes, will put the

Mahindra forays into e-Commerce segment with launch of e-marketplace M2ALL.com

Mahindra Group jumped into the booming ecommerce segment with the launch of M2ALL.com, a portal from where consumers can buy all Mahindra products. The online marketplace has begun taking bookings for the new compact SUV — Mahindra TUV300. “The new

E-commerce players betting big on offline presence to reinforce the online brand

Many e-commerce players have started foraying into physical retail space and the trend is going to become more prominent in future as it provides an opportunity to reinforce the online brand and gauge the market, experts say. In order to