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Ecommerce
Myntra Website Will Be Shut On May 1st, 2015. Only App Purchase Available [Updated]
As we reported (read the text below) in early March, Myntra has now decided to shut down their website completely and the day for the same is May 1st, 2015. So, going forward Myntra customers can make their purchases only on the…
VCs offload Equity Worth Rs 1397Cr In Flipkart & JustDial…Is it The Time For Exit Now?
Within the Venture Capital world, there is a famous saying that its more difficult to take the exit decisions, compared to investment decisions. It seems that Venture Capitalists engaged with the Indian Ecommerce firms have made up…
Tide Has Turned, Indian Online Shoppers Now Prefer Cards Over Cash: Visa Survey
Indian e-commerce market has seen a heavy lift, an uninterrupted growth, and has provided boost to the country’s economy in the near past. The number of people who click to shop has evidently been on a rise. The working generation likes…
Amazon Kirana Now, An Online Marketplace For Neighbourhood Kirana Stores
Amazon will soon be launching a new service that it calls an India-specific innovation built particularly for the local market, which is a by-India, for-India service. Called Kirana Now, this service will allow next-door mom and pop…
Samsung Too Goes Xiaomi Way, To Introduce Online-Only Smartphone Sale!
According to media reports, Samsung will sell its smartphones in India, Vietnam and China based on Online-only model made popular by Xiaomi. These countries, high on their populous are seen to be a booming market for e-commerce. Xiaomi…
Flipkart, Myntra Shut Mobile Websites, Force Visitors To Install Mobile App
Flipkart and Myntra, both have decided to embrace mobile app only interface as they have suspended their mobile websites and forcing visitors to install their application for doing shopping.
So, going forward if you visit Flipkart.com or…
A First For Indian Ecommerce: Luxury Yachts For Sale Online on SnapDeal Priced 20L
If we leave aside real estate properties which are now listed on ecommerce portals, then then this would qualify as the most expensive items listed on any Indian website: Luxury Yachts.
SnapDeal.com, in partnership with West Coast…
Fashion Ecommerce To Cross Rs 2 Lakh Cr By 2020, Every 3rd Google Search Query Is Fashion Related
At an event in New Delhi, Nitin Bawankule, Google India Director for Ecommerce and Online has made a startling revelation: Indian fashion market is all set to cross Rs 2 lakh crore mark by the time 2020 ends.
He said, “By 2020, India…
Indian Ecommerce To Cross Rs 1 Lakh Cr in 2015; Online Food Delivery Fastest Growing & Travel…
As per the recent IAMAI report on the state of Indian ecommerce industry, it was revealed that with 61% share, travel industry is still the biggest segment. Online food delivery niche grew 40% in the last 12 months, which makes it the…
Foreign Companies May Be Allowed Online Sales if They Manufacture Locally
Make in India – the roar made by Prime Minister Mr Narendra Modi has created a ripple in all sectors. Both the “Digital India” & “Make in India” are conceptualized keeping Indian economy in mind, so truly it will boost all Indian…
[Updated] Rejoice! RBI Removes 2 Factor Authentication For Transactions Under Rs. 2000
Nearly 3 months after we reported (see below) that RBI is planning to remove the much restricting 2 factor authentication on small value transactions, it is finally been made official.
RBI has come out with a circular announcing that…
Despite Losing 1 Cr/Day, Amazon India Raising Rs 1155Cr Through Rights Issue To Fund Expansion
Last year, Amazon India lost approximately Rs 1 crore every day for their operations but it hasn’t deterred them from their focus. As per a recent filing with Registrar of Companies (RoC), it has been revealed that Amazon India is…
100% Rise In Mobile Shopping In India, Flipkart Most Visited Site: Mastercard
India has seen a significant growth in purchases made through mobile phones each year. The growing number of mobile phone applications has boosted this growth. MasterCard Online Shopping Survey 2014, which covers 14 countries across…
IRCTC Amazon Partnership. Just An Affiliate Channel, That’s All!
After it’s failed partnership with Yebhi couple of years back, IRCTC has now forged a partnership with Amazon to monetize the millions of people who visit the every month. While we expected much deeper integration this time around, it…
Rejig At Flipkart Top Order: Three Bansals Now Instead of Two
While being whetted on by a huge appetite for funds, the leading Indian etailer is also keen to set its house in order to make sure they make the best use of each and every penny flowing into the company.
At a time when the online…
Pepsico To Sell Imported Snacks & Juices Online In India
PepsiCo, one of the oldest and largest food and beverage leader in the world is now planning to target fast ballooning internet consumers in India. They will soon start selling imported snacks and fruit juices exclusively through…
How The Growth Of Indian eCommerce Will End By 2016
M-commerce (a.k.a. mobile commerce) is rapidly overtaking eCommerce as the de facto mode for online transactions. With over 50% of total online orders coming from mobile, there is little doubt that by the end of 2015 transactions from…
Flipkart, Snapdeal Bettering in-house Ad Serving To Shore Up Profits
Flipkart and Snapdeal command the kind of traffic that very few sites on internet can boast of. Around 100 million people visit these ecommerce sites on monthly basis, and with that kind of traffic, these sites are going beyond just…
Ecommerce Will Match Organized Physical Retail in India Clocking Rs 83900 Cr by 2019
In one of the most comprehensive retail research conducted in India, it has been revealed that Indian ecommerce market will expand to Rs 84,000 crore in the next 5 years, which is a 10 fold increase from current Rs 7200 crore. Thus, by…
Govt Formulating New Norms For ECommerce. 9 Different Depts To Monitor Activities
It seems that Government has finally woken up to the fact that eCommerce business does not fall into boundaries of traditional brick and mortar businesses’ legal and regulatory norms.
Due to lack of specific regulatory framework…