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Amazon Closing in on Flipkart in Standalone Sales

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Amazon India has almost closed the gap with Flipkart in terms of standalone sales in 2017. According to reports from Forrester, Amazon’s GMV market...

Amazon’s New Seller Policy may Affect Online Prices

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Amazon’s new seller policy,which will be effective from April 19 ,reduces the fees charged by the company from its sellers. This will bring a...

SoftBank and Tiger Back ₹400 Crore Funding in Grofers

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Ace investors SoftBank and Tiger Global backed the latest funding round of ₹400 crore in grocery startup Grofers. Through this investment SoftBank became the...

SoftBank Likely to Sell its Flipkart Stake to Walmart

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Flipkart’s ace investor SoftBank is planning to sell a portion of its shareholding in the homegrown e-tailer to Walmart. According to reports, Walmart is...

Amazon Appoints New Head in India for Prime Video

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Ecommerce giant Amazon roped in Gaurav Gandhi as the new head of Prime Video in India. The high profile appointment is part of Amazon’s...

Zomato Claims 1.5 Lakh Paid Subscribers for its Gold Service

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Online food ordering and delivering platform Zomato said it has managed to acquire 1.5 lakh paid subscribers for its premium Gold service. Zomato Gold...

Flipkart to Set up Logistics Park in Karnataka

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Homegrown e-tailer Flipkart is planning to set up a 4.5-million-sq.ft logistics park, spread across 100 acres, in Karnataka to reinforce their infrastructure. Flipkart, which...

RBL Bank Partners with Startup India to Fund Startups

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RBL Bank has partnered with Startup India campaign to provide funding for top 20 innovative startups through its three-month intensive programme, InFinIT20. The programme...

Paytm to Invest ₹300 Crore to Push Movie Ticketing Business

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SoftBank-backed Paytm will invest rupees 300 crore in movie ticketing business to compete with existing player in the segment, BookMyShow. The decision came after...

Alibaba Invests in Big Basket, Zomato

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Chinese ecommerce giant Alibaba group invested $500 million in two of India's largest domestic online startups, Big Basket and Zomato. When e-grocer Big Basket...
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