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Paytm receives final tranche of US $445 mn funding from SoftBank, Alibaba

Indiaretailing Bureau -
Paytm Mall has received the final tranche of its US $4 45 million (about Rs 3,000 crore) funding from SoftBank and Alibaba, a move that will give the online shopping venture of Paytm more financial muscle to take on...
Research

India’s e-commerce market continues to surge: eMarketer

Indiaretailing Bureau -
Retail e-commerce sales in India will climb 31.0 percent this year to reach US $32.70 billion, according to eMarketer’s latest forecast. That growth rate will trail only China and Indonesia in Asia-Pacific. This growth has been enabled in part by...
Research

PE/VC investments in April touch US $2.4 bn on large deals: EY

Indiaretailing Bureau -
Private equity and venture capital investments in April were up 23 percent at US $2.4 billion, backed by large deals in sectors like e-commerce and life sciences, says an EY report. According to EY, there were 69 PE/VC deals in...
Retail

Paytm Mall raises close to Rs 2,900 crore from SoftBank, Alibaba

Indiaretailing Bureau -
Paytm Mall has raised close to Rs 2,900 crore from SoftBank Investment Holdings and Alibaba.com Singapore e-commerce in a deal that values the online shopping venture of Paytm at US $2 billion. According to a regulatory filing by Paytm e-commerce,...
Food

Patanjali debuts online, announces partnership with Amazon India, Flipkart

IANS -
Aiming to expand its footprint in the country's FMCG sector, Baba Ramdev promoted Patanjali on Tuesday launched its e-commerce platform under the tagline "Haridwar to har dwar" (Haridwar to every door step online). The company has also announced its partnership...
Consumer Durables & IT

Pent-up GST demand expected to boost Diwali sales of consumer durables

IANS -
With Diwali around the corner, industry players are betting big on sales of consumer durables like 4K smart TVs and larger appliances like washing machines, which are expected to see a surge in sales this festive season compared to...
Retail

Paytm Mall’s ‘Diwali Maha Cashback Sale’ receives over half a million registrations

Indiaretailing Bureau -
Paytm Mall, owned by Paytm E-commerce Pvt Ltd has announced that over half a million customers have registered for Paytm Mall’s Diwali Maha Cashback Sale to receive exclusive cashback offers. The four-day sale starting from October 10 will offer up...
Retail

E-commerce sites end festive sales; mobiles, electronics top hits

IANS -
As major e-commerce platforms -- Flipkart, Amazon India, Jabong, Myntra and Paytm Mall -- concluded their festive season sales, segments like mobiles, electronics and large appliances, followed by fashion, witnessed huge traction. According to CashKaro, the overall e-commerce industry GMV...
Retail

E-commerce majors see huge spurt in smartphone sales in festive season

Indiaretailing Bureau -
E-commerce majors Flipkart, Amazon and Paytm Mall have seen a huge spurt in smartphone purchases on the first day of their festive season sales, beating last year's figures. According to a PTI report: Flipkart, which kicked off its 'The Big...
Retail

Paytm Mall registers record sales on Day One of Mera Cashback Sale

Indiaretailing Bureau -
Paytm Mall, owned by Paytm E-commerce Pvt Ltd recently announced a four day Mera Cashback Sale from the September 20-23rd in its first festive season. Customers are set to receive Rs 501 crore of assured cashback as the company...
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E-CommerceIndiaretailing Bureau -

Amazon, Flipkart and BigBasket are leaders in reducing single-use plastic usage

Amazon leads the e-commerce companies pack with Flipkart close at its heels followed by BigBasket according to an Empower...
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