Flipkart
Retail
No agreement on Snapdeal sale yet between SoftBank, Nexus
Japanese firm SoftBank could not manage a crucial nod from co-investor Nexus Venture Partners (NVP) for the sale of Snapdeal, possibly to Flipkart.
According to a PTI report: The board meeting of Snapdeal, where SoftBank and Nexus have representatives, did...
Retail
Snapdeal board meeting to discuss selling out to Flipkart
The board of Snapdeal is expected to meet on Tuesday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart.
Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in...
Fashion & Lifestyle
Global fashion brands entering India
India is becoming a hot bed for international brands and over the past few years. The fact that India is now among the the fastest growing and highly competitive fashion markets in the world is fairly clear by the...
Retail
Myntra acquires Bangalore-based logistics firm InLogg
Myntra today announced that it has acquired InLogg, a Bangalore based technology platform that provides end to end logistics solutions for the ecommerce sector. As part of the acquisition, the team at InLogg has been inducted into Myntra, making...
Retail
Flipkart to use latest funds to make profits, shave off burn
Flipkart board member and investor, Subrata Mitra has said money raised through the latest round of funding will be utilised to make profits and shave off company’s burn on weekly basis, in a quest to ride its business towards...
Retail
Latest funding round to help Flipkart transform commerce in India: Binny Bansal
Flipkart co-founder Binny Bansal has said while the latest funding round provides the fuel the company needs to reach its goal of transforming commerce in India through technology, it should continue to grow its business with careful considerations to...
Retail
Flipkart raises US $1.4 bn, acquires eBay India
eBay Inc., a global commerce leader, and Flipkart, a leading eCommerce company in India, have agreed to jointly pursue e-commerce opportunities in the Indian market.
In exchange for an equity stake in Flipkart, eBay will make a US $500 million...
Food
To take on rival Amazon, Flipkart to re-enter grocery segement
Locked in an intense battle with Amazon, homegrown e-commerce major Flipkart is looking at re-entering the grocery segment that accounts for a significant portion of India's retail industry.
"Yes we will get into grocery... 80 per cent of units bought...
Retail
Softbank reworking Snapdeal sale plan; final decsion in few weeks
Japanese investor SoftBank is believed to be re-working its plan for sale of e-commerce platform Snapdeal and a final decision is likely to be made in the next few weeks.
According to sources close to PTI, a consensus could not...
Retail
Snapdeal sounds out 5 merchant bankers for 2019 IPO
Struggling e-commerce major Snapdeal has sounded out five merchant bankers, including SBI Caps and Kotak Mahindra Capital, to work on a public offer that is likely to hit the market in the second half of 2019.
The third largest marketplace...
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Latest News
Indus Valley Cosmetics to Invest ₹40 Crores in R&D
The brand aims to enhance the visibility of its flagship product ‘Organic Gel Hair Colour’ through nationwide advertising and...
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