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Amazon says shipped over 5 bn items worldwide via Prime in 2017

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03 January, 2018

Amazon says shipped over 5 bn items worldwide via Prime in 2017

Online retailer Amazon.com Inc said on Tuesday it shipped over 5 billion items worldwide via its subscription based Prime service ......

Apple buys Canadian app development startup Buddybuild

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03 January, 2018

Apple buys Canadian app development startup Buddybuild

iPhone-maker Apple has acquired Vancouver-based app tools startup Buddybuild for an undisclosed amount, a blog on the startup’s website said.The ......

BigBasket's consumer-facing arm doubles revenue, narrows losses for FY17

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27 December, 2017

BigBasket's consumer-facing arm doubles revenue, narrows losses for FY17

Innovative Retail Concepts Pvt Ltd, which operates the consumer-facing arm of grocery e-tailer BigBasket, saw its revenues rise two-fold and ......

Flashback 2017: Large fundraises dominate e-commerce in India

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27 December, 2017

Flashback 2017: Large fundraises dominate e-commerce in India

Big-ticket funding deals and a failed merger dominated headlines for Indian e-commerce this year.Ending months of speculation, online retailer Snapdeal ......

Amazon-Patni JV seller entity Appario receives $21.85 mn

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26 December, 2017

Amazon-Patni JV seller entity Appario receives $21.85 mn

Delhi-based Appario Retail Pvt Ltd, a wholly-owned subsidiary of the joint venture between Amazon India Ltd and Ashok Patni, the ......

Flashback 2017: Spectre of shutdowns continues to haunt VC-backed startups

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22 December, 2017

Flashback 2017: Spectre of shutdowns continues to haunt VC-backed startups

Startup failures rarely make headlines. In fact, most startups don't even announce shutting down. But one shutdown this year came ......

Alibaba launches first cloud data centre in India

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21 December, 2017

Alibaba launches first cloud data centre in India

In a move to extend its cloud services to Indian enterprises, Jack Ma-led Alibaba Group has opened its first data ......

Myntra to launch offline beauty stores: Report

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15 December, 2017

Myntra to launch offline beauty stores: Report

Flipkart group’s fashion and lifestyle e-tailing arm Myntra is planning to enter the beauty market by opening a chain of ......

Flipkart wholesale arm's FY17 revenue touches $2.4 bn but growth slows

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15 December, 2017

Flipkart wholesale arm's FY17 revenue touches $2.4 bn but growth slows

Flipkart India Pvt. Ltd, the wholesale arm of homegrown e-commerce marketplace Flipkart, has reported a slower rise in revenue for ......

India competition watchdog approves SoftBank-Flipkart, Alibaba-BigBasket deals

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14 December, 2017

India competition watchdog approves SoftBank-Flipkart, Alibaba-BigBasket deals

The Competition Commission of India (CCI) has cleared SoftBank Group Corp’s purchase of a minority holding in Flipkart and Alibaba ......

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