E-commerce major Amazon India is investing long-term in the country, says Gopal Pillai, Director and GM, Seller Services, Amazon India. Amazon, which tied up with Tantuja, the apex body of handloom weavers of West Bengal, will start with selling sarees in the US (through Amazon.com). According to Pillai, Amazon India will look to work backwards […]

Amazon Online Distribution Services (AODS), a subsidiary of Amazon Asia Pacific Resources, was awarded the license on March 22. The license is valid till the end of fiscal year 2022. The development comes at a time when the digital payments space is witnessing a high level of engagement by leading internet-based startups in the country. […]

Top e-commerce company Flipkart has raised $1.4 billion in funding, the largest so far in this space, from Chinese internet giant Tencent, along with US majors Microsoft and eBay. With this, the Bengaluru-based firm, founded by Sachin Bansal and Binny Bansal almost 10 years ago, is readying to up the battle pitch with Jeff Bezos-led […]

India’s Internet economy is set to touch $250 billion, driven by strong addition in online users and explosive growth in data consumption, a BCG-TiE report osaid. India’s Internet economy is expected to grow from $100-130 billion (about five per cent of GDP) to $215-265 billion (7.5 per cent) by 2020 with e-commerce and financial services […]

As per iamwire.com- According to the Central Statistics Organisation (CSO) and International Monetary Fund (IMF), with various positive factions thriving, including that of E-Retail,India has emerged as the fastest growing economy in the world. As recent as few years, India has noted a constructive rise in people venturing out for online retail. The past year’s […]

As per Cnbc. com  Amazon has become a major player in the search engine space, and could soon become a “more important search engine than Google,” NYU Stern School of Business professor Scott Galloway told CNBC on Tuesday. As Amazon reinvents the very industry it disrupted, retail, it is also becoming a primary shopping search engine […]

Initially there were talks that the Chinese e-commerce firm Alibaba, wanted Flipkart to be merged with Paytm’s e-commerce subsidiary. But the latest reports indicate that Snapdeal was in talks with Flipkart for merger. According to Forbes India- The sale of Snapdeal, widely seen as India’s third-largest online shopping business, to larger rival Flipkart may be […]