The idea is to offer the small sellers a fixed amount for specific set of products and then push the same products on Amazon under the banner of Cloudtail.
The report noted that majority of the funding was towards building supply chain, expanding into new segments, acquisition/consolidation, and bringing innovative product offerings.
He was referring to the modifications the government has done with respect to the issues faced by the startups due to angel tax.
Brett Biggs, CFO at Walmart, said the company expected ‘legislation changes’ and it will have to steer its way through this change
To make it easier for new-age startups to get listed in stock market and raise funds, Sebi's board also approved a new set of norms to help investors get accredited for investments in such entities.
The latest funding would help Grofers continue its expansion into the fast-moving consumer goods segment.
The government has invited comments from the public on the policy till March 9.
Speaking at the Global Business Summit here, PM Modi said his government inherited an economy in complete policy paralysis, plagued by runaway inflation and rising current account deficit.
For Uber, this acquisition is seen as a strategy to reduce losses on a global level as it prepares for a possible public offering.
To allow free flow of capital into the startup ecosystem, the government introduced changes in the sector on February 19, after pressure from venture capital funds and startups for the past three years
They demanded disclosure of all the advantages being granted to sellers on e-commerce platforms and the parameters being used to rank goods on the sites
Expensive valuations of FMCG companies make them vulnerable to even small shocks. The implementation of the revised FDI guidelines by e-commerce companies could disrupt sales growth in the near term.
There is no minimum cart value required to avail this offer and customers can avail this offer multiple times
TIlak Mehta's app Papers N Parcels provides same-day courier delivery in the city, live tracking of the order and door-to-door service
iSPIRT, representing more than 60 startups in its letter, highlighted that in the last two years, many startups that have raised angel funding in AY2015-16 and 2016-17 have received notices from the Income Tax department under Section 56(2)(viib) of the I-T Act.
Various startup founders have recently claimed of receiving notices under Section 56(2) (viib) of the Income Tax Act from the I-T department to pay taxes on angel funds raised by them.
The year 2018 or the startup scene, and what 2019 holds for modern entrepreneurs are the topics of our discussion as we dig deeper into modern Indian Silicon Valleys on this episode of Digging Deeper with Moneycontrol.
Vaish is an alumnus of the Indian Institute Technology (IIT), Kharagpur and holds a Master's degree in Mechanical Engineering from Stanford University.
With this acquisition, OLX will strengthen its jobs vertical and meet the growing need of over 60 million urban workforce in India.
A look at the food delivery app ecosystem and the new guidelines is our topic of discussion on Digging Deeper with Moneycontrol.
Ramesh Abhishek, Secretary in the department of industrial policy and promotion (DIPP), said that the ministry is already taking up the matter with the department of revenue.
The government has placed electronics manufacturing on high priority with a major focus on initiatives such as Digital India and Make in India.
Purple Quarter has been behind big ticket CTO appointments in the past year -- Ravi Krishnaswamy from Flipkart to InMobi. Sourav Sachin to BrowserStack from WoNoBo and Amazon India CTO Dale Vaz moving to Swiggy
In June, Byju’s said it touched Rs 100 crore in monthly revenue and raised its annual revenue target for this year to Rs 1,400 crore
The acquisition will help Zomato carve a path toward drone-based food delivery in India, creating a hub-to-hub delivery network powered by hybrid multi-rotor drones