Instagram, a photo and video-sharing social networking service owned by Facebook, is reportedly working on a new standalone app for shopping. Expected to be called as ‘IG Shopping’, this app lets the users select product from the page or merchant they follow and purchase them directly from the app itself. Continue reading “Instagram said to introduce standalone shopping app”
Snapdeal has rejected an initial takeover offer of $800-$900 million from rival Flipkart, according to a latest report from the Economic Times. The development comes just a few days after Flipkart completed its commercial and legal due diligence of Snapdeal.
Continue reading “Snapdeal rejects $800-$900 million offer from Flipkart”
Paytm CEO Vijay Shekhar has announced via his Facebook account that there are now over 200 million wallet users. The company has reached this milestone in just three years since its inception. Continue reading “Paytm crosses 200 million wallet users, unveils online shopping portal Paytm Mall”
In a bid to strengthen its presence further in the competitive India e-commerce market, Flipkart has acquired online fashion portal Jabong. The financial details of the deal were not disclosed.
It looks like Myntra is going back to the start. The popular lifestyle and fashion portal which went app only since May last year is all set to re-launch its desktop website on June 1. Continue reading “Myntra to re-launch desktop website on June 1”
With an aim to attract more foreign investments, the Government has approved 100% Foreign Direct Investment (FDI) for marketplace model of e-commerce in India. Continue reading “100% FDI approved for marketplace model of e-commerce in India”
Chinese smartphone makers have already disrupted the Indian smartphone market and now it looks like they want to shake the e-commerce scenario in the country as well. Alibaba, the Chinese e-commerce giant is planning to enter the Indian e-commerce market, according to a latest report from PTI.
Myntra, the popular online shopping portal that had embraced the app only model last year is taking a U-turn. The company has now officially launched its mobile website after it went app only nine months back.
Snapdeal has received a funding of $200 million Ontario Teachers’ Pension Plan (OTPP), Iron Pillar and other investors. The latest round of funding values the company between $6.5 billion and $7 billion, making it the second-highest valued startup in the country. Flipkart owns the top spot as India’s largest e-commerce company and values at nearly $15 billion.
In a bid to bolster its delivery operations, Flipkart has picked up minority stake in digital maps provider MapmyIndia. The financial details of the deal were not disclosed.
Myntra is going back to the start. The Flipkart owned fashion portal that went app only in May this year has relaunched its mobile website.
YU Televentures has just announced a new partnership with Reliance Retail that will put their smartphones on sale at physical offline retail stores across the country.
Flipkart has raised $700 million (Rs 4,500 Cr) in the latest round of funding, as per a latest report from the Economic Times. The latest round of funding will value the homegrown e-commerce major at $15 billion.
Flipkart in gearing to embrace the app-only model as soon as September, according to a new report from The Times of India. The latest report comes months after it was stated that the homegrown e-commerce giant will go app-only by the end of the year.
Flipkart is inching closer to secure $550 million (Rs 3,300 Cr) in latest round of funding, as per a latest report from the Economic Times. If the latest deal goes through, the homegrown e-commerce firm will reach a valuation of nearly $16 billion.