Amazon India

12 Indian Startup News That You Don’t Want To Miss This Week [11 -16 Dec]

We provide you the weekly dose of critical Indian startup information of the week. The most talked about Indian startup information of the week was Jack Ma-led ecommerce behemoth acquiring the nod from Level of competition Commission of India(CCI) to the make investments in hyperlocal grocery shipping and delivery startup Bigbasket. Alibaba will be transferring…

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Ecommerce Giant Flipkart Clocks 19% Surge In Annual Turnover

Flipkart India, the wholesale arm of dwelling-bred ecommerce unicorn Flipkart, has claimed a turnover of $2.3 Bn (INR 15,264 Cr) for the year ending in March 2017. This marks a 19% bounce in the company’s yearly turnover from $2 Bn (INR 12,818 Cr) in the prior fiscal year. As per its yearly return filings, Flipkart…

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Global Digital Payments Startup Stripe Kicks Off Private Beta In India

San Francisco-centered payments startup Stripe is established to launch in India. Anand Balaji, previous Amazon India government who was brought in very last year to lead functions and make a localised product or service broke the news about kicking off Stripe’s private beta in India on the official blog. Anand stated, “Today, we’re starting up…

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Amazon India Claims 1.5x Growth Over Flipkart In April-Sept. 2017 Period

Amazon India has once once again lifted its voice to declare the best place in the Indian ecommerce forward of Flipkart. The international retail giant’s Indian subsidiary has claimed a Y-o-Y advancement of 66% in gross gross sales volume for the 6 month period of time among April-September in 2017, which is 1.5 moments greater…

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Amazon Files Application With CCI To Acquire 5% Stake In Shoppers Stop

Amazon NV Holdings, the investment decision arm of Amazon.com, has submitted an software with the Competitiveness Fee of India (CCI) to obtain 5% minority, non-managing stake in departmental retail store chain Consumers Quit. By the way, through its investment decision in Consumers Quit, will get Amazon a insignificant stake in Foreseeable future Retail. The retail…

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Amazon Wholesale India Unit’s Sales Reaches $1.08 Bn In FY 16-17

It would seem that the believe in Jeff Bezos has revealed before this year on Amazon’s Indian arm has commenced to fork out off. Amazon Wholesale India, the US-based ecommerce giant’s Indian wholesale distributor has raked in $1.08 Bn (INR 7000 Cr) well worth product sales in FY 16-17. Interestingly, Amazon India has credited this…

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12 Indian Startup News You Don’t Want To Miss This Week [27 Nov -2 Dec]

We bring you the weekly dose of important Indian startup news of the week. This week’s prime newsmaker in the Indian startup ecosystem was Softbank who proposed existing early-stage investors of Flipkart and its employees to sell their shares for $85-$89 a piece. The transaction will put Flipkart’s valuation at $10 Bn, which is a…

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Amazon India Reports Over 105% Revenue Growth In FY17

At a time when Flipkart’s valuation has been marked up by a single of its investors Morgan Stanley, the Indian arm of international ecommerce behemoth Amazon has reported about 105% progress in profits in FY17. As for each filings with the Registrar of Corporations (RoC), Amazon Seller Products and services posted a 41% maximize in…

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Strict FDI Rules Slows Down Growth For Ecomm Vendor Cloudtail In FY17

The development of Amazon India’s largest seller Cloudtail appears to be fading as the firm attempts to abide by the new FDI rules issued by DIPP in March 2016. Cloudtail is a joint undertaking concerning Amazon Asia and Infosys founder Narayana Murthy’s personal investment vehicle Catamaran Ventures. Reportedly, Cloudtail posted a 24% soar in its…

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