Vinod Dham backs Orbo; Naspers may buy $100 mn stake in Dream11

Team TC

Intel’s Pentium chip developer and technology mentor Vinod Dham is backing Orbo. South Africa-based media giant Naspers ....

16 August, 2019

PhonePe registers 5X increase in TPV

Team TC

The total payment volume (TPV) of transactions on Flipkart-owned payments platform PhonePe has increased five times since last ....

5 August, 2019
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eBay buys 5.6% of Paytm E-Commerce for $160 mn

Vijayakumar Pitchiah

The US-headquartered ecommerce firm eBay will invest $160 million (Rs 1,102.53 crore at the current exchange rate) for a 5.59% ....

31 July, 2019

Bounce plans to raise $30 mn; PhonePe gets fresh funds

Team TC

Scooter rental platform Bounce likely to get more funds from existing investors. Flipkart-owned PhonePe gets over $100 million. ....

30 July, 2019

Flipkart launches first offline furniture experience centre in Bengaluru

Binu Paul

Walmart-backed ecommerce company Flipkart has launched a furniture experience centre FurniSure in Bengaluru, its first such facility ....

29 July, 2019

Funding roundup: Growth stage deals drop; investments decline to $116 mn

Vijayakumar Pitchiah

With growth stage deals bumping up the funding numbers big time in recent weeks, its absence during the fourth week of July caused ....

26 July, 2019
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Amazon looking for stable ecommerce policy in India

Payal Ganguly

Seattle-headquartered ecommerce giant Amazon is hopeful of a stable ecommerce policy to be announced by the Indian government.  “Our ....

26 July, 2019

Snapdeal strengthens legal team with new hires

Team TC

Online ecommerce marketplace Snapdeal has hired three senior legal executives from Johnson & Johnson and Flipkart to strengthen ....

25 July, 2019

Walmart-Flipkart signs on Unilever executive Vikas Gupta as marketing chief

Tanmay Tiwary

Walmart-owned ecommerce marketplace Flipkart has appointed former Unilever executive Vikas Gupta as head of marketing. At Unilever, ....

22 July, 2019

Amazon India to give 30-day notice to 3rd party sellers before ending contracts

Payal Ganguly

In a big boost for third-party sellers, online marketplace Amazon India will now give a 30-day notice before terminating agreements, ....

19 July, 2019
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eBay picks up 5.5% stake in Paytm Mall

Vijayakumar Pitchiah

US-headquartered ecommerce firm eBay Inc has picked up a 5.5% stake in ecommerce marketplace Paytm Mall for an undisclosed amount ....

18 July, 2019

Online grocer Grofers gets $10mn top-up funding from UAE-based investor

Vijayakumar Pitchiah

Online grocer Grofers has raised another $10 million in what appears to be a top-up to its latest funding round, The Economic ....

16 July, 2019

Flipkart incentivises sellers to offer discounts

Binu Paul

Walmart-backed e-commerce platform Flipkart has introduced a new initiative to incentivise sellers, effectively circumventing ....

16 July, 2019

Milkbasket makes second acquisition, buys e-grocer PSR Supply Chain

Vijayakumar Pitchiah

Micro-delivery startup Milkbasket announced that it has made its second acquisition by acquiring Bengaluru-based PSR Supply Chain ....

9 July, 2019

Flipkart says compliant with FDI rules; Tencent, Paytm may invest in MX Player

Payal Ganguly

Flipkart chief executive Kalyan Krishnamurthy said that the Walmart-backed e-commerce platform was compliant with the foreign ....

3 July, 2019

Flipkart to replace 40% of delivery fleet with electric vehicles by early 2020

Binu Paul

E-commerce marketplace Flipkart will introduce electric vehicles for its last-mile deliveries, the Bangalore-based company said ....

27 June, 2019

Grofers converting grocery shops into brand stores; Flipkart to roll out SuperCoins: Reports

Kavya Kothiyal

Grofers India Pvt. Ltd is converting many grocery stores into its own branded outlets as the online grocery delivery company looks ....

27 June, 2019

Part-time job platform TapChief raises funding from 500 Startups, AngelList India, others

Vijayakumar Pitchiah

Gig marketplace TapChief has raised $650,000 (around Rs 4.5 crore) from more than 50 investors including 500 Startups, AngelList ....

26 June, 2019

Won’t tolerate violations of FDI norms, govt warns e-commerce firms

Payal Ganguly

Union commerce minister Piyush Goyal has warned top executives of e-commerce companies that the government will not tolerate violations ....

25 June, 2019

Binny Bansal sells more Flipkart shares to Walmart; Naspers may not invest in Capital Float

Kavya Kothiyal

Co-founder Binny Bansal has sold more shares in online retailer Flipkart to US retail giant Walmart, which last year bought a ....

24 June, 2019

CCI to study e-commerce market, reveal findings in August

Payal Ganguly

The Competition Commission of India today said it is conducting a study on India’s e-commerce market and will disclose initial ....

18 June, 2019