BUSINESS
Vijay Shekhar Sharma says will continue to acquire users, merchants aggressively
In an interaction with Moneycontrol, Founder and Chief Executive Officer Vijay Shekhar Sharma shares what this deal means for the company and the plans going forward.
BUSINESS
Here's why Warren Buffett is betting big on Paytm
Berkshire Hathway and its subsidiaries so far have invested in sectors including manufacturing, insurance, utilities and energy, freight rail transport, finance and retail.
BUSINESS
How Wishup is bridging gap between talented individuals, corporates looking for remote employees
According to data tracker Tracxn, India has around 21 companies offering services in the area of virtual assistants such as Nikki.ai, Haptik and SuperText.
BUSINESS
Flipkart receives Rs 260 crore from Bennett Coleman
BCCL which also publishes The Times of India newspaper, has invested this money in exchange for Class B equity shares in Flipkart.
BUSINESS
Dineout plans to raise $50 mn from existing, foreign investors
The round is likely to see participation from the existing investor Times Internet. Dineout will also be looking for a new strategic investor.
COMPANIES
Etailers want clear rules and profiteering explicitly defined before opening up accounts for GST audit
Absence of any detailed guidelines have left many companies anxious as they are still not clear about what constitutes profiteering
BUSINESS
We are looking to expand, believe in build model instead of buy: PolicyBazaar
PolicyBazaar believes in the build as opposed to buy model for expansion and plans to invest in other categories such as healthcare
BUSINESS
Staving off fund crunch, Shopclues gets fresh lease of life with $16 million funding round
According to sources, this money has come from existing investors Nexus Venture Partners and Tiger Global.
BUSINESS
CCI approves Walmart-Flipkart deal
On May 8, Walmart had announced its plans to acquire 77 percent stake in Flipkart for $16 billion.
BUSINESS
Govt plans to put out second draft of e-commerce policy in 10 days
The draft covers a lot of issues pertaining to the e-commerce sector ranging from foreign direct investment to data protection.
BUSINESS
Cap of 49% FDI in B2C e-commerce aimed at supporting marketplaces willing to sell domestic products
A government official said that the suggestion had come from the industry itself and the thought was to promote businesses of small-time artisans
BUSINESS
SoftBank-backed Ola to expand operations in the UK
The cab aggregator has obtained licences to operate in South Wales and Greater Manchester.
BUSINESS
Swiggy announces the acquisition of on-demand delivery startup Scootsy
Moneycontrol broke the story on August 1.
BUSINESS
Exclusive | Swiggy acquires on-demand delivery startup Scootsy
It is a mix of cash and stock deal under which the founding team is likely to join Swiggy, sources told Moneycontrol.
INDIA
Besides 49% FDI in B2C e-commerce, Centre mulls separate wing in ED for sector
A panel headed by Commerce Secretary designate Anup Wadhawan on Monday met stakeholders comprising top e-commerce companies to deliberate and discuss their recommendations on the policy on e-commerce.
STARTUP
EXCLUSIVE|Govt keen on 49% FDI in B2C e-commerce; draft proposal being discussed with industry today
The idea is to promote the sale of domestically produced goods through online platforms by allowing limited inventory in B2C online retail firms such as Flipkart, Snapdeal and Paytm Mall
BUSINESS
Eye on global expansion: Paytm Mall ups ante, poaches top executives from rival Amazon
The company, which currently has about 1,000 employees, plans to double the count this year
BUSINESS
MakeMyTrip invests in Bengaluru-based Bitla Software
The size of the investment wasn't disclosed.
BUSINESS
Food tech regains flavour, sees four-fold jump in funding in first half 2018
The sector saw 15 rounds of investments in the with the startups raising USD 473 million in funding during the first half of 2018, according to data shared by data tracker Tracxn with Moneycontrol.
BUSINESS
Shouldn't be made liable for data provided by third-party sellers: Amazon, Flipkart to government
In a round table meeting that took place during last weekend, representatives from the e-commerce companies met BN Dixit, director (legal metrology) Ministry of Consumer Affairs, Food and Public Distribution, besides state legal metrology officers.
BUSINESS
Numerous laws need to be changed to keep pace with technology, say lawyers
Law fraternity, spoke of how different areas through internet-enabled businesses are getting affected since they are being governed by age old laws.
BUSINESS
Online sellers receive sanitary napkins, used trousers and old mobiles as returned products
A Gurgaon-based merchant told Moneycontrol on condition of anonymity that he has received a packet of sanitary napkins as a returned product from a customer instead of the watch he sold
INDIA
PM Modi inaugurates world's largest mobile factory by Samsung in Noida, says it will create more jobs
The Prime Minister also said that with the help of South Korean technological expertise and India's manufacturing power, the economies of the two countries will be empowered
BUSINESS
EXCLUSIVE | Govt mulls easier rules for partial inventory. Is it FDI in B2C e-commerce by another name?
The government is mulling allowing FDI-funded e-commerce firms to switch over from the marketplace to inventory model.
