Shopclues cuts losses by 67% to ₹68 crores in FY19
Gurugram-based ecommerce platform Shopclues has managed to cut down its losses to ₹68.58 crores in FY19, as reported by YourStory. Compared to ₹208.14 crores in FY18, the ecommerce platform has…
Flipkart-owned Myntra posts loss of INR 539.20 cr in FY19; revenue at INR 1,041.10 cr
Myntra, a fashion etailer owned by Flipkart, has posted a loss of INR 539.20 crore in FY18-19, against INR 151.22 crore in the previous year, reported ET. Whereas, Myntra’s revenue…
Weekly funding galore: Indian startup ecosystem draws around $255.02 million across 12 deals in last week of October
The IndianWire has brought to you the latest funding report of the week, which include fund raising, acquisition deals and other developments related to the Indian startup ecosystem. In the…
Paytm mall losses down by 35% to INR 1,171 Crores in FY19; Revenue up 25%
Paytm’s e-commerce marketplace segment Paytm Mall, reportedly has been hit by a 35 per cent reduction in losses to INR 1,171 crore in 2019 against the loss of INR 1,806…
Singapore’s online marketplace Qoo10 acqui-hires e-commerce startup ShopClues via stock deal; forays into Indian market
ShopClues, an e-commerce startup, has been taken over by Singapore-based Qoo10 Pte Ltd in a stock deal, cited Inc42. According to ShopClues, the partnership presents new strategic opportunities for both…
E-commerce startup Styched raises undisclosed amount of angel funding from slew of individual investors
Styched, an e-commerce startup, based out of Bengaluru, has raised an undisclosed amount of angel funding from a slew of angel investors, reported Yourstory. The company Styched will use the…
E-commerce platform Amazon infuses over INR 4,400 cr in India business
Amazon, an e-commerce leader, has infused more than INR 4,400 crore in its various units in India, including marketplace and food retail, reported ET. The pumping of financial into the…
Amazon investments in India amounts for INR 2,800 cr in 2019; falls by two-third against 2018
In 2018, Amazon, world’s leading e-commerce platform, invested around INR 9,450 crore in India. Whereas, this year, the figures, much anticipated as more than the previous one, and to break…
Amazon India partners with Vodafine to set up pick-up points for customers in nine cities
Amazon India, world’s largest e-commerce platform arm of Amazon, has collaborated with Vodafone Idea Limited to set up pick-up points in Vodafone stores for its customers in nine cities in…
Amazon backs out from Reliance deal; in talks to buy stakes in retail chain Max
More than a month ago, Amazon, world’s biggest e-commerce marketplace, was reportedly heading conversations with Reliance, to buy 26 per cent stake in the retail subsidiary of the Indian telecom…