Amazon unveils hyperlocal grocery delivery app, to dabble in used goods

AmazonOnline marketplace Amazon India on Wednesday started a hyperlocal grocery delivery service via an app in a development that could intensify competition for startups such as Grofers, LocalBanya and PepperTap. The local arm of Amazon.com Inc. launched its Amazon Now app that offers two-hour delivery for daily essential items. The service is currently available only […]

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Housejoy raises $22.4M from Amazon, others

Housejoy2Home services marketplace Housejoy, run by Sarvaloka Services On Call Pvt Ltd., has raised Rs 150 crore ($22.4 million) in a Series B round of funding from a group of investors led by e-commerce giant Amazon, it said on Wednesday. Other investors who participated in this round include Temasek’s venture arm Vertex Ventures, Qualcomm and […]

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Amazon overtakes Flipkart as most visited Indian e-com site: comScore

E-commerce giant Amazon Inc said on Monday it has become the most visited e-commerce site in India beating local rival Flipkart in the month of October citing comScore data. It said Amazon.in clocked 30 million unique visitors during the month ahead of Flipkart.com, Jabong.com and Snapdeal.com. A year ago Rocket Internet-incubated online fashion retailer Jabong […]

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Delhi High Court orders probe into 21 e-commerce firms

The Delhi High Court has ordered the government to investigate 21 e-commerce companies for possible violations of India’s foreign direct investment (FDI) norms. The order came on a petition filed by an industry body earlier this year demanding a government probe into all major e-commerce websites including Flipkart, Snapdeal, Jabong, Myntra and Amazon-owned Junglee.com. Amazon […]

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Mobile shopping is the future, but can’t let go of desktops yet

While the merits and demerits of going app-only continue to hog headlines, merchants selling on top e-commerce platforms seem to be cagey about junking their website presence. A cross section of sellers that techcircle.in spoke to believe that their order books would shrink by 10-15 per cent if any of the large e-tailers were to […]

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InMobi ties up with Amazon and Paytm for India launch of discovery-led mobile commerce platform

SoftBank-backed mobile ad technology company InMobi Pte Ltd has joined hands with Amazon India, mobile wallet Paytm and others for the India launch of Miip, its new platform for discovery-led mobile commerce. Miip, which has an animated green monkey as mascot, engages users by suggesting products to buy across apps. It was launched in the […]

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Amazon scales past Wal-Mart and Alibaba as most valued retailer after Q2 earnings surprise

Amazon.com Inc posted a positive earnings surprise in the second quarter ended June 30, 2015 which set its share price on fire helping it scale past Wal-Mart and Alibaba as the most valued retailer. Wal-Mart is the largest retailer by sales while China’s Alibaba is the world’s top e-commerce firm by gross merchandise value (GMV). […]

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Financial services portal BankBazaar raises $59M from Amazon, Fidelity and others

Chennai-based A & A Dukaan Financial Services Pvt Ltd, which sells third-party financial services products through the online platform BankBazaar.com, has raised Rs 375 crore ($59.1 million) in Series C funding from e-commerce giant Amazon and other investors. Fidelity Growth Partners and Mousse Partners also put in money along with the company’s current investors Sequoia Capital […]

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