Online Marketplace

Marketplaces are slated to create $400 billion to $500 billion in enterprise value, reach 400 million to 450 million online shoppers, enable more than 15 million MSMEs to grow their businesses online, and create seven million jobs by 2027, the report added

Big e-commerce players must follow the law of the land

New rules for online marketplaces seek to level the playing field and protect the interest of consumers 

ShopClues to enter unboxed gadgets segment, eyes doubling GMV

The company aims to organise the mostly unstructured category of used and unboxed electronics, it said.

Snapdeal arm Vulcan to offer services to external clients

Online marketplace Snapdeal's fully-owned subsidiary Vulcan Express is set to expand its GST-compliant logistics network across 80 major cities, offering services to external clients as well.

Snapdeal, Truecaller tie up for better shopping experience

Customers with Truecaller application installed on their mobiles will be able to easily identify and filter IVR or delivery verification calls when shopping on Snapdeal, it said in a statement here.

Shopclues appoints Harneet Singh as VP

Online marketplace ShopClues today said it appointed Harneet Singh as Vice President and Head Marketing.

Snapdeal fate no surprise, startup model to blame: Mohandas Pai

Speaking to CNBC-TV18, TV Mohandas Pai, the former Chief Financial Officer of Infosys, said new-age startups have no clear strategy and very poor execution.

Snapdeal to fire 30% of its staff in the next two months: Report

The company had sent out an e-mail to its managers earlier this week asking them to “right-size” their teams, according to a report in The Economic Times.

Shopclues trims GMV target to $2 bn in 2017

E-commerce player Shopclues has guided for gross merchandise value (GMV) in calendar 2017 at USD 2 billion. The startup had earlier estimated GMV at USD 2.3-2.5 billion but demonetisation led to a reduction in sales by around 30 percent.

Snapdeal to launch property sale from Oct 5; offers discount

The Diwali real estate sale starts from October 5 and will continue till October 21. This is the second edition of real estate Diwali sale on Snapdeal. Last year, it sold nearly 150 homes in 7 days, the company said in a statement.

Snapdeal launches private cloud platform Cirrus

The private cloud solution has been built and operationalised in under a year and is timed to handle long-term growth in traffic, Snapdeal said in a statement.

Snapdeal integrates Uber into app for customer convenience

Snapdeal recently announced the launch of a range of services on its platform, allowing customers to book flights, order food and even pay bills directly through its platform.

Snapdeal partners Puravankara to sell flats with assured rent

Snapdeal and Puravankara in association with property consultant JLL India announced the launch of a 'Managed Residences Plan' under which flat owners would get fixed rental returns for seven years, along with an additional rental appreciation benefit of 8 percent per annum.

WudStay launches service for luxury hotel accommodation

The company has started the service with eight cities, including Delhi-NCR, Jaipur, Mumbai, Bengaluru and Agra. It is aiming to expand its offering to 500 Elite hotels in 15 cities by July 2016.

"HAR BIKE PE BIKE FREE" This Diwali on CredR.com

Key Highlights: The Big Bike Festival will run between  ...

Flipkart hires Google executive to head consumer experience

Surojit Chatterjee, who has 33 US patents to his name, most recently was the global head of mobile search advertising and adsense for search at Google.

Diwali bonanza : Buy a home on Snapdeal!

Customers can avail offers on purchase of property from over 200 realty projects from developers like Godrej Properties, Brigade, Mahindra Lifespaces, IREO, Artha, Ramky Estates, Central park, Sunteck Realty, Rustomjee, Lavasa Corporation, Nirmal lifestyle, Ajnara, Mahagun among others.

AskmeBazaar.com Announces a `War on Delays` in Deliveries and Refunds

Launches a pan India initiative to end the ‘Pay and Wait’ ...

Flipkart ropes in tech execs from Amazon, Google, Microsoft

The three executives, with significant experience at Amazon, Google and Microsoft are the latest in a series of senior technology experts from the world‘s best technology companies to join Flipkart‘s rapidly growing enterprise in Bengaluru, the company said in a statement.

Focussed on mobility; no timeline to go app-only: Flipkart

Flipkart is one of the country's largest online marketplace and competes with the likes of Snapdeal, Amazon and smaller players in the country.

Snapdeal raises $500 mn from Alibaba, Foxconn and others

Existing investors Temasek, BlackRock, Myriad and Premji Invest also participated in the latest funding round, Snapdeal said in a statement. The company had raised more than USD 1 billion, from investors including Softbank (USD 627 million) and iconic business leader Ratan Tata (personal investment).

eBay cuts stake in Snapdeal; Foxconn unit invests $200 mn

Separately, FIH Mobile, a unit of Taiwan's Foxconn, the trading name of Hon Hai Precision Industry Co, said it was acquiring a 4.27 percent stake in Snapdeal for USD 200 million via its Singapore-based subsidiary Wonderful Stars Pte.

Snapdeal to raise $500 mn from Alibaba, SoftBank, Foxconn

The person, who declined to say how much Snapdeal would be valued after the investment, said the deal could be finalised within a few days at the earliest though it may also take weeks.