ShopClues celebrates achievement of 10,000 Merchants

ShopClues, a managed marketplace, hosted its Seller Summit in New Delhi. Nearly 150 merchants representing over 65 listing categories attended this Seller Summit.  The idea behind the Seller Summit was to celebrate the success merchants have achieved on ShopClues marketplace platform.  In January 2012, ShopClues had close to 10 merchants and by end of May […]

Amazon plans to storm India with Fulfilment plan

E-commerce giant Amazon.com has launched its website for India with Amazon.in. It is designed to facilitate transactions between buyers and sellers. The marketplace will help Amazon overcome regulatory hurdles which prevents foreign retailers from having an Indian arm directly selling products in India. According to the marketplace model, Amazon does not own any of the […]

HomeShop18 sells 1.23 million mobile phones in FY13

New Delhi: E-retailing firm HomeShop18 sold 12.30 lakh mobiles phones, including 3.69 lakh smartphones, in the last fiscal, spurred by demand in metros and small cities. Besides mobiles, the e-commerce firm, which sells a mobile phone every 25 seconds, also sold 1.3 lakh tablets during the same period, data provided by HomeShop18 said. In the […]

Myntra.com eyes Rs 800 cr turnover in 2013-14

Portal for fashion and lifestyle products Myntra.com today said it is aiming to double turnover from e-commerce business to Rs 800 crore this fiscal by investing in brand promotion and penetrating in smaller cities. “We are targeting to double our turnover from Rs 400 crore in 2012-13 to Rs 800 crore in 2013-14,” portal’s co-founder […]

Flipkart allows third-party sellers on its website

In a bid to bring independent sellers and buyers together, Flipkart Online Services Pvt. Ltd., which runs India’s biggest online shopping portal flipkart.com has launched Flipkart Marketplace. It will virtually bring sellers and buyers at one place from where they can do the transaction. This will mean that a third party merchant can sell his […]

Snapdeal growth surge gets eBay’s interest

Shilpa Gupta and her colleagues have caught the online shopping bug. Each morning, the human resources staffers for an Indian newspaper try to guess whose purchases will arrive that day. Increasingly, their packages arrive from Snapdeal.com, one of India’s fastest-growing e-commerce sites. The three-year-old startup has caught the attention of eBay, which recently led a […]

Myntra to tap Indians abroad

Hyderabad:- Myntra.com, the e-commerce site that sells fashion and lifestyle products, will tap the Indian Diaspora, particularly in the US. Using its portal exclusively.in, the e-commerce company will offer a host of ethnic brands. “There is hardly any contribution from exports. We are going to tap this opportunity soon,” Sunjay Guleria, Vice-President (Marketing) of Myntra, […]

Aussie food chain to set up Chennai plant as hub for its global units

Australian fast-food chain Country Chicken is looking at establishing a central processing plant (blending unit) in Chennai to ensure standardisation of food taste and quality. The unit, over a period of time, will be transformed into a global food processing hub, catering to close to 450 units around the world. The fast-food chain is in […]

Snapdeal arrives at deal to raise $20 mn

Jasper Infotech, the company which runs the e-commerce portal Snapdeal.com, is understood to have broadly arrived at a deal to raise $20 million through the private equity route, after some tough negotiations. While there were reports that the transaction can happen at a valuation of as much as $300 million, it is understood that the […]

Malls must move beyond shopping to survive in Internet era: Experts

As growing numbers of shoppers move online, European mall owners are looking to pull in customers by including services that can’t be replicated on the Web like hospital care and government offices. Malls must become more like full-service community centres to survive in the face of a growing list of failed retailers like HMV and […]