Instagram said to introduce standalone shopping app

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 rejects $800-$900 million offer from Flipkart

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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.
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Paytm crosses 200 million wallet users, unveils online shopping portal Paytm Mall

Paytm Mall app

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”

Flipkart’s Myntra officially acquires Jabong

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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.

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Alibaba plans foray into Indian e-commerce market in 2016

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.

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Myntra takes a cue from Flipkart, officially brings back mobile site

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.

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Snapdeal secures $200 million in funding from Ontario Teachers’ Pension Plan

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.

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YU smartphones now available at offline retail stores – Announces partnership with Reliance Retail

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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.

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Flipkart secures $700 million in latest round of funding

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.

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Flipkart to reportedly go app-only by September

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.

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Flipkart eyeing $550 million in latest round funding

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.

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