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Tiger Global offloads 1.7% stake in Delhivery for Rs 414 cr

Internet Fund III Pte, a fund managed by Tiger Global Management sold 1,23,63,060 shares, amounting to 1.70 per cent stake in the companyNew Delhi: Internet Fund III Pte, a fund managed by Tiger Global Management, on Wednesday divested a 1.7...

Grofers raises US$ 200 mn led by SoftBank Vision Fund for market expansion

Online grocery retailer Grofers Wednesday said it has raised over US$ 200 million (over Rs 1,400 crore) in funding, led by SoftBank Vision Fund.The series F funding saw participation from new investor, KTB, and existing investors, Tiger Global Management...

Walmart inches closer to sealing deal with Flipkart

Global retail giant Walmart is inching close to sealing the deal to buy a majority stake in Flipkart for as much as US $12 billion, even though rival Amazon is still jostling to turn the deal in its favour.According...

ShopClues plans to hire 1,500 employees by December

Online marketplace ShopClues is planning to hire 1,500 more employees  to double its headcount by the end of this year. The new employees will be hired in  various roles like products and technology, categories and management, operations and more. ShopClues...

ShopClues enters billion dollar club, raises Series E

Online marketplace ShopClues.com has announced that it has raised a fresh round of funds led by sovereign wealth fund GIC Pte Ltd, with participation from existing investors Tiger Global Management LLC and Nexus Venture Partners, at a valuation of...

E-commerce enablers move towards next phase of logistics solutions

The current market size of online retail in India has been pegged at USD 3.5 billion (over Rs 21,000 crore) and is expected to touch the mark of USD 14.5 billion (over Rs 88,000 crore) by 2018, according to...

LIMEROAD RAISES $45 MILLION IN LESS THAN A YEAR

The two-year old LimeRoad, India’s leading social discovery platform for women, announced that it has raised a Series C following rapid growth in community engagement, scrapbook creation and revenue growth. This raise ramps up the total funds raised to USD 45...

Online lifestyle apparel brand Sher Singh launched in India

Online retailer Exclusively.in, which sells Indian fashion clothing to customers in the US, has launched a contemporary range of apparel for men and women in India called Sher Singh, which will be available through www.shersingh.com. Cricketer Zaheer Khan is...
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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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