ShopClues will be the first e-commerce company to become profitable in India: Sanjay Sethi

Sanjay Sethi, CEO, ShopClues.comWhile the Diwali season turned into a battle between Amazon, Snapdeal and Flipkart; ShopClues, run by Clues Network Pvt. Ltd., has been quietly chasing profitability. The Gurgaon-based firm is confident of registering EBIDTA (Earnings before Interest, Taxes, Depreciation and Amortization) profitability in the second quarter of next year on the back of higher margins, increasing […]

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Not many takers for financial incentives offered by Snapdeal, Flipkart, Amazon to sellers

Online_Shopping_thinkstockIt turns out that there weren’t enough takers for the financial bonanza lined-up by the country’s largest ecommerce companies, such as Flipkart, Snapdeal and Amazon, to lure new vendors on their platforms and facilitate more sales by the existing set. Conversations with a cross-section of small and medium sellers from different parts of the country […]

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Amazon.in festive sales up three-fold; ships over 50 mn units

Amazon005E-commerce giant Amazon.in on Wednesday said sales on its platform grew three-fold compared to last year to over 50 million units during its five-day festive sale. Amazon.in’s festive sale “’Great Indian Festival’” started from October 1 and is slated to close today. Its rivals, Flipkart and Snapdeal, which started rolling out festive offers from October […]

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