Snapdeal nudges buyers to pay before delivery with new service

Snapdeal_feE-commerce marketplace Snapdeal has introduced a new service that promises free next-day delivery and other benefits to buyers who pay at the time of purchase, in a tactic aimed at goading users to move away from the cash-on-delivery model that helped popularize e-tailing in India. Snapdeal Gold doesn’t need any registration, offers free shipping and […]

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Paytm in talks to raise $300-350 mn from MediaTek, Temasek and others

PaytmOne 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, is in talks to raise $300-350 million (Rs 2,000-2,350 crore) from a clutch of potential investors that include chipmaker MediaTek Inc, Singapore state investment arm Temasek Holdings Pte and Goldman Sachs Inc, several media reports said. According to Mint, which reported the development […]

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Paytm in talks to raise $300-350 mn from MediaTek, Temasek and others

PaytmOne 97 Communications Ltd, which runs mobile payments and e-commerce platform Paytm, is in talks to raise $300-350 million (Rs 2,000-2,350 crore) from a clutch of potential investors that include chipmaker MediaTek Inc, Singapore state investment arm Temasek Holdings Pte and Goldman Sachs Inc, several media reports said. According to Mint, which reported the development […]

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Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labels, increased contribution of international […]

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Flipkart to take on Amazon Prime with F-Assured; how is it different from Flipkart First?

Flipkart-by-Shah-Junaid-(2)3Upping the ante in its rivalry with US e-commerce giant Amazon, Indian online retailer Flipkart on Friday launched Flipkart Assured, a programme that customers can use to avail free delivery within two to four days for products that cost more than Rs 500. The move came barely weeks after Amazon last month launched its membership […]

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A sneak peek into biggest M&A deals in India’s ecomm, Internet segments

games_gfx_feAs investors turn their focus on unit economics and profitability, funding for tech startups and consumer Internet companies has tightened. This has not only resulted in a number of shutdowns in the segment but has also pushed companies to strike merger and acquisition deals. Fashion e-commerce aggregator Voonik, for instance, acquired three startups in June […]

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Why a deal with Snapdeal is a more logical choice for Flipkart than Amazon

Snapdeal_feIndia’s e-commerce industry could see a major shake-up if online retailer Snapdeal’s preliminary conversations with local rival Flipkart and US-based Amazon to explore a possible merger make any headway. But a Flipkart-Snapdeal merger is a more likely scenario than a deal between Snapdeal and Amazon, say analysts. A deal with Snapdeal would offer Flipkart a […]

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Exclusive: Snapdeal explores merger talks with Flipkart, Amazon

snapdeal_feSnapdeal, India’s second-largest homegrown online retailer, has initiated preliminary talks with staunch rivals Flipkart and Amazon to explore a possible merger that could realign the country’s e-commerce industry. Two people directly aware of the development said that Snapdeal is open to a merger with either Flipkart or Amazon, India’s and the world’s largest e-commerce companies, […]

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Voonik hires Amazon’s Raghu Lakkapragada as chief operating officer

Raghu LakkapragadaOnline fashion marketplace Voonik Technologies Pvt. Ltd said on Tuesday it has appointed former Amazon India executive Raghu Lakkapragada as its chief operating officer. Lakkapragada will be responsible for the delivery operations and seller and customer experience, Voonik said in a statement. He is the second top-level executive to join Voonik in recent weeks, after […]

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