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ShopClues raises US $16 million; expects break-even by Diwali

E-commerce platform ShopClues has raised US $16 million (about Rs 110 crore) this year from some of its existing investors as part of an internal round and is hopeful of reaching break-even by Diwali this year, according to an...

E-commerce companies cash in FIFA World Cup fever

Indians usually 'bleed blue' with cricket fever, but the ongoing FIFA World Cup has the nation donning yellow, green, red and white as Indian supporters cheer for their favourite teams in the team jerseys.According to a PTI report: Sale...

Online buying boosts ‘touch, feel’ business of home decor furnishings

Indians are becoming more conscious about the way their homes look and this has given new wings to the home decor segment on online platforms.Perhaps in response to the growing demand, Walmart announced this February the launch of redesigned...

Walmart e-entry makes India attractive to global majors: Experts

The whopping US $16-billion mega deal by global retail giant Walmart with the country's leading e-tailer Flipkart for majority stake makes India an attractive destination for global majors in the digital space, industry experts said on Wednesday.Kishore Biyani, CEO,...

Discounted online sales of direct sellers’ products by e-comm players hits industry

Discounted online sales of products of direct sellers without their consent on platforms like Flipkart, Amazon, Snapdeal and Shopclues is making significant dents on their business, according to India Direct Selling Association (IDSA).According to a PTI report: In its...

Patanjali expects online sales to grow in coming months

Baba Ramdev led Patanjali Ayurved is clocking an online sales of up to Rs 15 crore every month and expect it to grow further every month, said a top official.According to a PTI report: The Haridwar-based company has done...

ShopClues narrows losses to Rs 208 cr in 2017-18

Online marketplace ShopClues has narrowed its losses to Rs 208 crore for the year ended March 2018 compared to the previous fiscal.The company had a total loss of Rs 333 crore in 2016-17, a ShopClues spokesperson told PTI.The total...

Amazon, Flipkart to drive growth in cargo segment; air cargo to benefit by Rs 1,000 cr: Report

The e-retail industry led by the likes of Amazon and Flipkart has brought about a major disruption in the domestic cargo sector with an expected contribution of about Rs 5,000 crore this fiscal, of which the air cargo segment...

ShopClues sees 60 pc revenue growth; eyes profits in 12-18 months

E-commerce platform ShopClues said its revenues have grown by 60 percent this fiscal, while losses have been trimmed by almost 40 percent compared to the previous year as it focusses on growing business from categories like fashion and strengthening...

Exclusive label biz to contribute 12 pc revenue in FY18: ShopClues

E-commerce platform ShopClues said it has seen strong uptake of its private label business and expects its four brands to account for about 12 per cent of total revenue this fiscal.According to a PTI report: ShopClues had launched Home...
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Smartsters opens shop-in-shop store at Crossword in Pune

Currently, the company plans to open over 10 shop-in-shop locations pan India Bengaluru: Kids’ furniture brand Smartsters has launched its...
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