Under the new rules, details furnished by e-commerce companies will be verified against the details provided by the merchants, which can reign in discrepancies in payments
"These homeowners and professionals expressed strong interest in helping us localize Houzz for India, and we're excited to work with them to further tailor the experience," says Adi Tatarko, CEO and co-founder of Houzz, which made the CNBC Disruptor 50 list for the third straight year.
The contract manufacturer makes products for global device brands like Apple, BlackBerry, Amazon, Motorola, Xiaomi and Sony and has bulk of its factories in China.
Under the partnership, entrepreneurs manufacturing, retailing and exporting products will be educated on the digital business opportunity, brand building, documentation, listing methodology and Amazon services, a statement said.
The company, founded in 1962 by Sam Walton, has been gobbling up smaller and niche players in e-commerce in an effort to reach online shopping market leader Amazon.
The survey by research firm eMarketer found Amazon's Echo speakers held 70.6 per cent of the US market, compared with 23.8 per cent for Google Home and 5.6 per cent for others including Lenovo, LG, Harmon Kardon and Mattel.
The key learning here for an investor from the patience Buffett is showing with the Berkshire riches is the willingness to wait for the right opportunity to buy rather than climb into a market rally.
It is game on at Flipkart. India's most-valued startup is out to prove its critics wrong and stay ahead of the deep-pocketed global giant Amazon. And its leaders, and 8,000-plus team, believe they can innovate to grow even stronger as India's ecommerce story heads into uncharted territory
The distorted Indian map caught the attention of BJP Delhi spokesperson Tajinder Pal Singh Bagga who tweetedfor immediate removal of the map and that the product be removed from the e-commerce site.
Amazon and Flipkart are readying for big sale days in May and vendors suggest they are already stocked up to four times their usual inventory levels.
The Bengaluru-based company would retail its range of TV, aircondition and washing machine would be available online exclusively on Amazon, it said in a statement.
The move by Amazon comes at a time when local rival Flipkart last month raised USD 1.4 billion and Chinese player Alibaba's formal entry into the country is imminent, this year
The approval of Nexus Venture Partners will be crucial for the proposed transaction to proceed, according to sources close to the development. The seven-member board of Jasper Infotech, which operates Snapdeal, includes representation from investors SoftBank, Kalaari Capital and Nexus Venture Partners (NVP), as well as co-founders Kunal Bahl and Rohit Bansal.
The US-based company has already committed investments to the tune of USD 5 billion in India.
The world's largest online retailer said on Thursday net sales rose 23 percent to $35.7 billion, just beating analysts' average estimate of $35.3 billion, according to Thomson Reuters I/B/E/S.
From now onwards, Flipkart won't offer refunds on a multitude of products like mobile accessories, personal care appliances, computer and camera accessories, office equipment, apart from high-cost items such as mobile phones, large appliances and furniture.
The Fire TV Stick is Amazon’s answer to existing WiFi/Internet-enabled streaming devices such as Google Chromecast and Apple TV. Here’s a lowdown on what these gadgets are capable of.
The National Audit Office (NAO) said on Wednesday that the sellers involved are often based in China and that consumer regulator Trading Standards had found that U.S. companies Amazon and eBay had failed to remove sellers that were flouting VAT rules, even after being informed of the sellers' non-compliance.
Our focus is best spent on ensuring that we have the best customer experience," said Amit Agarwal, Amazon India Head
The parent company of Amazon India, now sells over 40 million products from India in different categories like textiles, leather and organic products.
The term 'e-commerce' may get misinterpreted in the Goods and Services Tax (GST) law, industry chamber Assocham said.
Overall, an Amazon India armed with its own KYC-enabled wallet play makes for a considerable threat to the existing e-commerce players such as Flipkart and Paytm
The last time Flipkart raised money was at a valuation of USD 15.2 billion. The lower valuation explains the stress in the e-commerce industry in India and the difficulty in finding an investor.