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Retail
ShopClues to merge with Singapore’s Qoo10
Indian e-commerce firm ShopClues on Thursday said it has inked an all stock-deal with Qoo10 to merge operations with the Singapore-based firm.The collaboration presents "new strategic opportunities for both companies as it opens up cross border opportunities for consumers...
Retail
Amazon invests over Rs 4,400 crore in India business
IANS -
Global e-tailer Amazon has invested an additional Rs 4,472 crore ($635 million) in three of its Indian subsidiaries for expanding their operations, a media report said on Tuesday."Amazon Corporate Holdings Ltd board on October 14 has allotted 340 crore...
Retail
Amazon earnings fall for first time in two years
IANS -
Amazon's net sales hit US $70 billion in the third quarter, an increase of 24 percent compared with US$ 56.6 billion in the same period last year, but the e-commerce giant saw its net income decreasing to US$ 2.1...
Retail
E-tailers set to celebrate Diwali worth Rs 35,000 crore
IANS -
With the second wave of festive sales coming to an end, industry experts say the e-commerce players like Amazon and Walmart-owned Flipkart are set to celebrate a bumper Diwali with pocketing over Rs 35,000 crore (nearly US$5 billion) despite...
Research
Logistics & warehousing in e-commerce
The origins of retailing via the Internet in India can be traced back to the 1990s but this phenomenon really took root when Flipkart started operations in 2007 and it has come a long way since then. The current...
Retail
E-commerce player Club Factory raises US$100 million in Series D funding
Leading e-commerce player Club Factory has raised US$ 100 million in a Series D round of financing led by leading venture capital firm Qiming Venture Partners and other top investors who have a strong global vision with a key...
Research
E-tailers could see US$ 6 billion sales this festive season: RedSeer
E-commerce companies such as Flipkart and Amazon could generate up to US$ 6 billion or Rs 39,000 crore in sales this festive season, according to consulting firm RedSeer.In the first phase of the festive sale, e-commerce companies are estimated...
Retail
56 pc of Myntra festive sales from small cities, towns
IANS -
Beating the slowdown blues and bridging the digital divide between India and 'Bharat', fashion e-tailer Myntra on Saturday reported 56 percent online annual growth from small cities and towns during its 'Big Fashion Days' sale from September 29-October 4."While...
Retail
Amazon.in gets orders from 99.4 pc pincodes, registers record sale
IANS -
Aiming to gain a bigger pie of the US$ 5 billion opportunity this festive season, Amazon.in on Friday said it received orders from 99.4 per cent of pincodes in India as over 65,000 sellers from more than 500 cities...
Retail
Festive sales: Amazon.in, Flipkart post record growth
IANS -
Aiming to gain a bigger pie of the US$ 5 billion opportunity this festive season, two big e-commerce players Amazon.in and Flipkart on Friday announced record transactions on their respective platforms, along with adding new customers especially from the...
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OTT Skyncare to penetrate tier-2 markets in India: founder Sachi Mittal
Launched in March 2022, the brand harnesses the power of flowers to bring skincare solutionsBengaluru: If you are looking...
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