BUSINESS
Ola raises around $16 million from J3T Ventures, HBM Investment, others
The development comes less than a month after Flipkart founder Sachin Bansal invested $21 million in the company.
BUSINESS
Amazon won't replace products sold through sellers such as Cloudtail, Appario
The customers can, however, get the money refunded for the products purchased depending on the their case
BUSINESS
Budget 2019: Flipkart, Snapdeal welcome budget; say announcements will drive consumption
The budget announcements come a day after the government refused to extend the deadline for the implementation of the revised foreign direct investment in e-commerce guidelines.
BUSINESS
FDI in e-comm: Govt takes bold step ahead of Lok Sabha polls, says no extension of Feb 1 deadline
Smaller e-commerce companies welcomed the move
BUSINESS
Clarity on angel tax lifts spirit of startups but concerns still linger
Barely three months ahead of the crucial Lok Sabha elections, the government realised that the angel tax issue needs to be taken care of.
BUSINESS
FDI in e-commerce: Government will lose votes of traders if it extends Feb 1 deadline, warns CAIT
E-commerce companies such as Walmart-owned Flipkart and US-based Amazon have sought an extension of the FDI deadline stating that the regulation requires extensive overhauling of their business model.
BUSINESS
Ananth Narayanan steps down as CEO of Myntra-Jabong, Amar Nagaram to succeed him
Nagaram, who recently moved to Myntra from Flipkart, has been with the Group for around seven years.
BUSINESS
Flipkart founder Sachin Bansal takes a $21 million ride in Ola
Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity.
BUSINESS
Innoven Capital committed Rs 700 crore across 42 startups in 2018
The venture debt fund added 21 new companies, including startups such as Quikr, GreyOrange, 1 Mg and PharmEasy, to its portfolio during 2018.
BUSINESS
Droom plans to raise $50 million in 2019
The company also eyes NASDAQ listing by 2020 while focusing on international expansion.
INDIA
New FDI policy on e-commerce: Government open to discussion
"The government has always been open to discussions. We will look at the issue closer to the deadline (February 1)," the official said on condition of anonymity.
BUSINESS
DIPP may allow JV between India Post, private players for delivery in e-commerce space
The move is expected to help the postal department enhance its infrastructure and further facilitate delivery for the e-commerce sector.
BUSINESS
New FDI norms for e-commerce: Government says private label products won't suffer
In a politically opportunistic move, the government last week tightened norms for online retailers.
BUSINESS
Government likely to remove 'gifting' clause via online route to catch tax evaders
The development is likely to impact the business of multiple foreign sites such as Shein and AliExpress.
BUSINESS
Analysis | Will government stick to its surgical strike on e-tailers or is there some room for amendments?
Unlike sectors such as telecom or banking, e-commerce which is at a nascent stage doesn't have a regulator.
STARTUP
Explainer | Govt clamps down on e-tailers ahead of polls but offline retailers still unhappy
The change in policy comes in the aftermath of vociferous protests by domestic traders complaining about heavy discounts given by e-commerce companies.
BUSINESS
Swiggy's latest funding blitzkrieg bound to shake up its rivals
The company's nearest competitor Zomato recently raised $210 million from Alibaba's payment affiliate Ant Financial and is in talks for another round of funding.
BUSINESS
Naspers leads $1 billion round in Swiggy
Swiggy will use the funds to bring more quality food brands closer to consumers and address gaps in supply through delivery-only kitchens, under the ‘Access’ initiative for restaurant partners.
BUSINESS
Paytm data theft case: Sonia Dhawan's lawyer files fresh bail petition
Giving a reference of a 1994 case of Joginder Kumar Versus state of Uttar Pradesh, the Allahabad High Court on November 12 directed that Chomwal, shall not be arrested, till credible evidence was collected by the investigation officer during investigation.
BUSINESS
Paytm data theft case: Sonia Dhawan's lawyer withdraws her bail appeal, to file afresh after chargesheet
Sonia and the other three accused were charged under IPC Act - 381, 384, 386, 120B and 66 in the FIR. The same charges have been mentioned in the chargesheet hence the need for filing a fresh bail appeal wasn't immediately clear.
BUSINESS
Myntra Logistics to become unit under Flipkart's delivery arm Ekart, more lay-offs in the pipeline
This comes less than a month after the company laid off around 250 employees of its fashion brand Jabong and called for a "closer integration" of Myntra and Jabong
BUSINESS
Paytm data theft case: Noida Police files chargesheet against Sonia Dhawan, three others
Dhawan and Jain's family members have been trying to get them out on bail. While Jain's bail was rejected by the Surajpur District Court last month, Dhawan's bail hearing is scheduled to be held on December 11.
BUSINESS
Innoven Capital invests Rs 55 crore venture debt in Quikr
The investment comes at a time when the company is looking to raise $150 million from venture capital firms.
BUSINESS
Oyo raises $100 million from Grab's A1 holding
Oyo has been aggressively expanding in foreign markets. Investment by Grab will give it the much needed support to make a mark in Southeast Asian countries.
