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GMV of e-comm companies to touch US$ 1.5-1.7 bn in Oct: RedSeer

Festive sales are expected to help e-commerce companies register transactions worth US$ 1.5-1.7 billion in October, according to research firm RedSeer Consulting. "With this festive season, we foresee a spring effect of targeted marketing and focus on quality customer segments....

Amazon invests Rs 115 cr into its wholesale business

According to regulatory filings, Amazon has committed more money to grow its wholesale business in India and has infused a fresh capital of 115 crore in the unit. The new investment will take the total capital raised by the...

Rajasthani handloom products to be available on Flipkart, Amazon, Snapdeal soon?

Rajasthan State Handloom Development Corporation (RHDC) is in discussion with e-commerce giants like Flipkart and Amazon to market products made by artisans in the state. "We are in discussion with Flipkart, Amazon and Snapdeal so that our market becomes more...

Billionaire Mukesh Ambani richest Indian for ninth year: Forbes

With $22.7 billion (Rs 151,477 crore) net worth, Reliance Industries Chairman Mukesh Ambani is the richest Indian for the ninth consecutive year, American business magazine Forbes India said on Thursday. Ambani, 59, who retains the top spot in the annual...

Patanjali's Balakrishna makes it to the Forbes list; Flipkart's Bansals make a surprise exit

Yoga guru Ramdev's close associate Balakrishna has entered India's richest 100 club with US$ 2.5 billion networth owing to his 97 per cent holding in Patanjali Ayurved, while new-age retailer Flipkart's co-founders Sachin and Binny Bansal made a surprise...

Cashkaro to drive Rs 300 cr in GMV this festive season

CashKaro.com, India's largest cashback and coupons site are expecting to drive Rs 500 crores worth of GMV this festive season (Oct-Dec) as country's biggest online marketplaces are gearing up for a head to head competition with their flagship sales...

LeEco crossed the Rs 100 cr mark in its first 'Epic 919' sale

LeEco, the Chinese internet and technology conglomerate, sold more than 70,000 superphones, 2,000 Super TVs and close to 20,000 accessories -- crossing over Rs 100 crore mark -- in the first-ever "EPIC 919" shopping festival in India. LeEco kicked off...

Flipkart crosses 100 million registered customer milestone

Homegrown e-tailer Flipkart has crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. The Bengaluru-based company has doubled its user base over the last year and added 25 million users...

Snapdeal uses 'data' for its sellers this Diwali

In the run up to its Unbox Diwali Sale, Snapdeal is relying on extensive data analysis to guide its sellers to achieve maximum sales this festive season. The company’s seller facing team, 'SD Advisors' is in the process of finalizing...

Snapdeal appoints Mayank Jain as head supply chain

Snapdeal on Thursday announced that Vice President SCM (Supply Chain Management), Mayank Jain, will lead the Supply Chain function at the company. In his new role, Jain will spearhead the complete operations and supply chain function at Snapdeal. He assumes the role...
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Indian burgeoning e-commerce lowers discounts, focuses on profits, as funding declines

Two-day Phygital Retail Convention deliberates declining consumption disparity New Delhi: Indian e-commerce market is on the rise, but funding from...
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