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ShopClues on track to turn profitable by FY17; eyes US $2 billion in sales

As ShopClues.com, the e-commerce website which focuses on consumers in Tier II and Tier III cities, readies to celebrate its five-year anniversary next month, the countdown to turn profitable has now begun in earnest for the company. The e-marketplace, which...

ShopClues eyes US $2 billlion sales; planning Nasdaq listing next year

Marketplace firm ShopClues is looking to garner sales worth around US$ 2 billion on its platform in 2017 and plans to file for public share listing at Nasdaq by September next year. "With last investment round in January, ShopClues is...

ShopClues launches tools to digitize merchants; expects 30 pc revenue in 2 years

In order to help offline merchants opt for cashless transactions and bolster their overall growth, e-commerce major ShopClues has launched a bouquet of services under its Business Edge initiative. Of many services, one such initiative that will allow brick-and-mortar retailers...

Demonetization is inflection point for India’s digital payments economy: E-comm giants

India is a country which has population of 1.25 billion, approximately 660 million debit cards and 25 million credit cards. In theory, the country is almost ready to go cashless, but where it lacks is the point of sales...

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...

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...

Indian consumer demand growing at 40 pc in festive season: Assocham

Indian consumer demand is currently seeing good growth of around 40 per cent in the ongoing festival season, as compared to 2015, on the back of an upturn in the economy and improving perception of better job prospects coupled...

ShopClues witnesses an increase of 153 pc mobile app downloads from Tier III cities

With smart phones and internet penetration in Tier II and III cities customers are getting more tech savvy. In the ongoing shopping fest, mobile application downloads have increased the share of e-commerce sales. India’s top e-commerce companies like Amazon,...

Small towns driving huge festive season gains, claim e-tailers

It's been only three days since they have gone live with their festive season sales events and already e-commerce majors Amazon, Flipkart and Snapdeal appear to be locking horns with each other. All three of them have registered record sales numbers and...
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