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Jabong sees a turnaround; records 50 pc growth in net revenues in Oct

Fashion e-tailer Jabong, which was acquired by arch rival Myntra a few months ago, has witnessed a 50 per cent growth in net revenues in October, according to the company. The company claimed to have closed October with the first...

Snapdeal rolls-out 'wallet on delivery'; offers 10 pc discount on online payment

Post the Government's recent decision on demonetization of Rs.500 and Rs.1000 currency notes, e-commerce major Snapdeal has launched a new feature - Wallet on Delivery (WoD) - to allow users to pay on delivery by using its FreeCharge wallet. The unique...

Currency Ban: E-tailers disable CoD, huge surge in business for mobile wallet cos

In a historical step to save India from corruption and the curse of black money, Prime Minister Narendra Modi on Tuesday evening banned the use of Rs 500 and Rs 1,000 notes with immediate effect. However, the demonetization of...

TRA study says Amazon is India's most attractive Internet brand

US-based online retailer Amazon has been ranked as the most attractive Internet brand in the country ahead of rivals Flipkart and Snapdeal as well as search engine giant Google, according to India's Most Attractive Brands Study 2016. "For the first...

Amazon vs Flipkart vs Snapdeal: Who won the festive sales war?

The festival season, which is considered the most significant period for Indian e-commerce companies in terms of sales generated, has recently concluded with Flipkart, Amazon, and Snapdeal, the three biggest e-commerce websites in the country claiming major gains. All three say that this year's sale was the biggest so far and all of them have claimed to achieve a major milestone in some way or the other. As per industry estimates, just one day of festive sales generate anywhere between $300-400 million (about Rs 2,000-3,000 crore) in orders for the e-commerce players. While the gross sales number achieved by three of them during last month's sales season is still unknown, this year proved to be different in terms of many firsts. Where holding 'multiple' sales event in itself was an industry first, here's a list of major trends indicating a significant evolution in consumer...

LeEco touches Rs 350 crore during festive sales

Chinese internet and technology conglomerate LeEco on Saturday announced that it has touched Rs 350 crore in revenue during the Diwali sale in October. During the month of October, LeEco sold 300,000 phones and 3,500 TVs. "During the festive season, it...

Kishore Biyani's Brand Factory on expansion spree, to open 6 new stores

Kishore Biyani-led fashion discount chain Brand Factory is planning to ramp up its store expansion to take on major e-commerce players including Snapdeal, Amazon and Flipkart, who have made huge profits by offering deep discounts this festive season. "Brand Factory is...

Amazon most visited e-shopping destination during festive season; claims 3X sales

As the three waves of Amazon India's Great Indian Festival, spanning the month of October, comes to an end, the company claims that it has become the most visited shopping destination this festive season with customers from 97 per...

Mergers: The road to success for the e-commerce industry

Experts have long believed that 2016-17 will witness a large number of mergers and acquisitions in the startup industry and the recent merger of Goibibo with Make My Trip has only corroborated this supposition. Indeed, the corporate appetite for mergers and acquisitions has increased...

Flipkart's top level exodus continues; CFO Sanjay Baweja resigns

Chief Financial Officer of Flipkart, Sanjay Baweja has quit the company, just under two years of joining India's largest e-commerce marketplace. Sanjay Baweja's departure comes during the Indian festive season, a crucial time for sales, and as Flipkart engages in...
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MatchLog Solutions raises $1.5 million in pre-series A funding

The funding round was led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital,...
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