Ecommerce

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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The 8 Indian Startup Ecosystem Newsmakers Of 2017

This article is part of Inc42’s Year-End Stories for 2017 where we’ll highlight the major developments, newsmakers from 2017 and their impact on The Indian startup ecosystem. Find all the stories of this series here. Another year draws to a close. Another chapter finishes. Some would say it was the best of times, some would…

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Softbank Investor Lydia Jett Steps Down From Snapdeal Board

Lydia Jett, Trader – Buyer Web and ecommerce at Softbank Eyesight Fund, has reportedly stepped down from the Snapdeal board. Using her place on the board is Saurabh Jalan, an Investment decision Professional at Softbank Group US. The advancement arrives virtually 7 months right after Lydia joined the Snapdeal board as an More Director on…

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8 Important Indian Startup News Of The Week [4-9 December]

We deliver you the weekly dose of essential Indian startup information of the week. One of the most interesting Indian startup information of the week was, PhonePe reporting, that it has processed above 1 Mn day-to-day transactions value above $15.4 Mn (INR 100 Cr) each working day in November. Also, the application has obtained a…

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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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The 70 Startups That Raised Funding Under Startup India Fund of Funds

When PM Narendra Modi announced the $1.5 Bn Fund of Funds for Startups (FFS) in January 2016  as part of his ambitious his Startup India Plan, for many it was just another promise on paper. But, the hopes and aspirations of several young entrepreneurs of India got an uplift, when on June 22, 2016, the Union…

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Emami Backs Men’s Grooming Startup The Man Company

Kolkata-headquartered FMCG company Emami has invested an undisclosed quantity of funding in Helios Life-style, which owns and operates men’s grooming platform, The Man Organization (TMC). As aspect of the deal, Emami will be obtaining 30% equity stake in the Gurugram-primarily based startup. With the acquisition of stake, which is envisioned to be finalised by December…

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Meet The 70 Startups That Raised Funding Under Fund Of Funds By AIFs

When PM Narendra Modi announced the $1.5 Bn Fund of Funds for Startups (FFS) in January 2016, for many it was just another promise on paper. But, the hopes and aspirations of several young entrepreneurs of India got an uplift, when on June 22, 2016, the Union Cabinet actually approved the fund and designated SIDBI…

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Paytm Plans To Invest $2.5 Bn To Grow Its Ecommerce Business Paytm Mall

Paytm has its sights established on getting a considerable player in the ecommerce house with its ecommerce unit Paytm Mall. Founder Vijay Shekhar Sharma mentioned that Paytm plans to devote up to $2.5 Bn to increase its nascent online shopping portal enterprise within just 3 to five a long time as it eyes best place…

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