A unicorn born in difficult times,Shopclues to turn profitable next year
With over 5 lakh merchants on its platform and services in 30,000 pi...
ShopClues to double headcount to 1,500 by March 2016
The company, which claims to have about 1.5 lakh merchants on its platform, has about 70...
FlexiLoans banks on some heavy hitters
Sanjay Nayar, Vikram Sud, Anil Jaggia, Narayan Seshadri and others infuse Rs 100 crore in FlexiLoans; investments to be in their personal capacity
Flipkart, Grofers partner with FlexiLoans Technologies
The loans can be used to purchase inventory, expand operations or add new products on the platform for the upcoming festive season.
Pepperfry raises Rs 210 cr funding from existing angels
In this round, co can also raise Rs 150-200 crore more in the next four weeks from new investors
Shopclues expects over two-fold jump in Gross Merchandise Volume sales this fiscal
"We are planning to close financial year 2016-17 at annualised GMV rate of $ 3 billion," Shopclues Chief Business Officer Radhika Ghai Aggarwal told PTI.
Paytm to assist sellers in six more local languages
"Sellers can add new products, manage inventory and orders, and get payment details in the regional language app," said Sudhanshu Gupta of Paytm.
Startups offer sops, value-added services to attract SMEs
Online marketplace ShopClues, which hosts half a million merchants, of which 80% are small sellers, has launched several value-added services in the past six months to bring more small businesses on board.
Rupee capital may soon account for 40% of VC funds
IDG Ventures, which began operations 10 years ago, is raising $200 million for its third fund, which will double its total assets under management to $400 million.
Droom raises Rs 200 crore from a consortium of Japanese and Chinese investors
The Series B round of equity financing has been led by Singapore-based investor Beenext, founded by former Beenos founder and chief executive Teruhide Sato.
Kodak launches HD LED TVs starting at Rs 13,500
SPPL, which is Kodak's licensed partner, has launched five HD LED TVs in screen sizes of 32, 40 and 50 inches at a price point of Rs 13,500 and upwards.
HeyBiz shopping assistant app raises undisclosed seed funds from ShopClues
HeyBiz, real time shopping assistant app has raised undisclosed seed funds from ecommerce firm ShopClues. The application helps connect users.
After government's ban on discounts, online retailers exploring new strategies to woo customers
Etailers are now looking at new sops such as pre-approved loans, faster delivery models, and improved service for repeat buyers.
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