E-commerce firms gets ready with sail-through plans

E-commerce companies in India have rushed to make announcements on new offerings or are strategising fast on their next move, in the wake of Amazon, the world’s largest e-commerce company, entering India on June 5. Seattle-based Amazon’s US rival, the San Jose-headquartered eBay, has made two back-to-back announcements in India. Earlier this week, it announced […]

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 […]

Snapdeal expects its online sales to cross Rs 2,000 cr in FY14

New Delhi: Online market place Snapdeal.com expects the total sale of products traded on its platform to cross Rs 2,000 crore in the next fiscal helped by its robust growth in the past two years and the growing popularity of e-commerce in India. “We expect the sale of goods on Snapdeal’s platform to cross Rs […]

Badhai.in partners with Jabong.com

 Badhai.in, a successful gifting platform in India, has partnered with Jabong.com thus providing more choices to gift recipients to get what they like. The platform is quite unique – at Badhai.in, the sender can gift an amount that gets delivered in a nicely designed e-card via email. The gift recipient can use the amount to […]

Linc Pens goes online

Linc, one of the top three players in the organized writing instrument industry in India, launched its retail sales online through its portal  officelinc.com. Now consumers can directly buy pens & stationery from Linc’s website.   Earlier available through online platforms like William Pens, TSG Fashions, Flipkart, Snapdeal, Indiaplaza, etc., Linc has planned to start […]

India to witness online shopping touch $34 billion by ‘15

Online shopping in India which is at a nascent stage is poised to witness significant growth in the next few years. The industry is likely to touch 34.2 billion dollars (Rs 18,758 crores) by 2015. According to Homeshop18 data, in India around 27 million people are active mobile internet users. Currently 4 per cent are […]

Snapdeal.com to offer more to its customers by launching online stores

After a successful stint on the e-commerce platform, Snapdeal.com is vying to offer more to its customers by launching online stores. After the e-platform announced its foray into ‘brand stores’ concept, it now plans to introduce thousands of local retailers online, who couldn’t reach out to the growing number of consumers buying online. Each store […]

Snapdeal bets big on brand stores, mobile commerce

New Delhi: Snapdeal expects the recently launched ‘brand stores’ concept, which allows retailers to create their own store on the e-commerce major’s website, to contribute 50 per cent to its sales in the next 12 months. The company that has set a target of Rs 600 crore revenue in the current fiscal is also bullish […]

General Atlantic in talks to acquire stake in Snapdeal

BANGALORE: Online retailer Snapdeal is close to sealing a deal to raise $80-100 million (Rs 440-550 crore), in the process potentially snagging private equity investor General Atlantic Partners which was once in funding negotiations with rival Flipkart. Snapdeal’s existing investors Bessemer Venture Partners, Nexus Venture Partners and IndoUS Venture Partners will also participate in this […]

Snapdeal targets Rs 600 cr revenue in FY’13

New Delhi: Buoyed by the growing popularity of online shopping portals in India, Snapdeal.com expects to garner revenues of about Rs 600 crore in the current fiscal. The company also plans to increase its headcount by 500 persons this year. “We are hoping that we convert the significant chuck of the growing Internet users in […]