Snapdeal had invested Rs 250 crore in two tranches to acquire 42% stake in Gojavas, which was acquired by Pigeon Express in August last year.
Jabong, which was acquired by Myntra in July for $70 million, will see the launch of multiple private labels from Myntra.
Over the last one year, Amazon has pumped in Rs 7000 crore in its India operations and has made a commitment of investing $5 billion.
eBay is likely to invest about $400-500 million while discussions with Chinese internet conglomerate Tencent and a potential third investor are still underway.
The cover will be commensurate with the wallet balance and will be free to begin with.
In the second half of 2016, Flipkart registered a sharp spike in new business from tier-II cities and beyond — which now account for nearly two thirds of total sales.
Bengaluru-based Flipkart had introduced the online product exchange program in 2016, starting with televisions.
“Our easy-to-integrate subscription billing service would make payments easier and seamless than ever before while allowing new-age entrepreneurs to offer innovative services at an aggressive pricing."
An AIOVA spokesperson said some sellers will be meeting the Snapdeal team to air their grievances this week and raise the issue of clearance of payment dues.
The company provides ready-to-move-in homes and charges a 12.5% commission on the rental, depending on the occupancy of each house.
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