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Shopclues News

ShopClues inks all-stock deal to merge with Singapore-based e-commerce platform Qoo10
Business

ShopClues inks all-stock deal to merge with Singapore-based e-commerce platform Qoo10

ShopClues (which is registered as Clues Network) posted losses of Rs 208 crore for the year ended March 2018.

After startup Rivigo, now e-commerce platform ShopClues lays off 200 employees as it struggles to rein costs
Business

After startup Rivigo, now e-commerce platform ShopClues lays off 200 employees as it struggles to rein costs

Recently, ShopClues was in talks with larger rival Snapdeal for a potential acquisition.

Snapdeal may not acquire rival ShopClues; litigation, tax risks likely reasons behind decision
Business

Snapdeal may not acquire rival ShopClues; litigation, tax risks likely reasons behind decision

Another source said ShopClues is also exploring options with other platforms, even though these are in early stages.

Indian e-commerce giant Snapdeal looking for a possible acquistion of ShopClues
News & Analysis

Indian e-commerce giant Snapdeal looking for a possible acquistion of ShopClues

ShopClues, which shares Nexus Venture Partners as an investor had an estimated value of $1.1 billion in 2017.

Snapdeal to acquire rival ShopClues in all-stock deal pegged around $200-250 mn; will help to compete with Flipkart, Amazon
Business

Snapdeal to acquire rival ShopClues in all-stock deal pegged around $200-250 mn; will help to compete with Flipkart, Amazon

E-commerce platform Snapdeal is in talks to acquire rival ShopClues in a deal likely to be pegged around $200-$250 million, according to sources

Amazon sees long-term prospects in India, says evaluating changes in FDI rules to avoid 'unintended consequences'
Business

Amazon sees long-term prospects in India, says evaluating changes in FDI rules to avoid 'unintended consequences'

Both Amazon and Flipkart had extensively lobbied (directly as well as through associations and trade bodies) with government officials seeking an extension in deadline after the proposed changes were announced in December.

E-commerce rules: Flipkart, Amazon make last-ditch efforts for extension of 1 February deadline
Business

E-commerce rules: Flipkart, Amazon make last-ditch efforts for extension of 1 February deadline

Change in e-commerce rules are expected to hit Amazon and Flipkart the hardest

Snapdeal, ShopClues write to govt, support 1 February deadline for e-commerce FDI norms
Business

Snapdeal, ShopClues write to govt, support 1 February deadline for e-commerce FDI norms

Traders' body CAIT, had also requested the government not to accede to any demand by large e-commerce players

New norms for e-commerce cos to create level-playing field, help MSMEs: Industry
Business

New norms for e-commerce cos to create level-playing field, help MSMEs: Industry

The government's move to tighten norms for online marketplaces with foreign investment will close the "back door" that has been "blatantly exploited" by such companies and provide a level-playing field, industry players said on Thursday.

Paytm's parent company One97 Communications widens net loss to Rs 1,490.40 cr for FY18
Business

Paytm's parent company One97 Communications widens net loss to Rs 1,490.40 cr for FY18

One97 Communications' revenues from operations, however, grew manifold to Rs 2,987.41 crore in FY2017-18 as against Rs 624.76 crore in FY2016-1

Flipkart beats Amazon in festive sale, corners more than 50% share, says research firm
Business

Flipkart beats Amazon in festive sale, corners more than 50% share, says research firm

As per RedSeer's latest report, Flipkart had a 51 percent share, while Amazon.in had a 32 percent share of the festive sale from 9-14 October.

Paytm Mall sees 3X jump in transactions during festive sale; mobiles, laptops, groceries drive growth
Business

Paytm Mall sees 3X jump in transactions during festive sale; mobiles, laptops, groceries drive growth

Paytm Mall claimed that its platform has already received 50 million visitors this month and the increased traffic has contributed to higher sale for the Alibaba and SoftBank-backed entity.

Flipkart to kick-off festive sale from 10 October; major e-commerce players get ready to grab large pie of sale
Business

Flipkart to kick-off festive sale from 10 October; major e-commerce players get ready to grab large pie of sale

Ahead of the festive season, major e-commerce players including Amazon India and Flipkart are expected to collectively spend an estimated Rs 400 crore on advertising to boost sales

E-commerce, social media firms may be asked to store customer data locally; draft policy plan may 'unsettle' industry
Business

E-commerce, social media firms may be asked to store customer data locally; draft policy plan may 'unsettle' industry

It comes at a time when deep-pocketed foreign players are rapidly investing in the e-commerce market, which Morgan Stanley estimates may be worth $200 billion in a decade.

E-commerce firm eBay scouts for a new Indian partner, in talks with ShopClues and other etailers
Business

E-commerce firm eBay scouts for a new Indian partner, in talks with ShopClues and other etailers

In May this year, eBay had said it was ending its strategic partnership with Flipkart and will relaunch eBay India with a differentiated offering to focus on cross-border trade, according to a PTI report.

Amazon, Flipkart, Paytm and other e-commerce platforms start their Republic Day sale from 21 January
News & Analysis

Amazon, Flipkart, Paytm and other e-commerce platforms start their Republic Day sale from 21 January

Companies believe that cash crunch at the end of the month is no longer a problem with deals offering extra cash back and easy EMI options in sale events.

Patanjali plans massive online push, to tie up with Flipkart, Amazon and Paytm among others
Business

Patanjali plans massive online push, to tie up with Flipkart, Amazon and Paytm among others

Patanjali is expected to enter into agreements with major online retailers — Amazon, Flipkart, Paytm Mall, 1MG, bigbasket, grofers, shopclues and snapdeal — to push online sales of its FMCG products

Recent raid confirms suspicions that an increasing number of sellers on e-commerce sites are selling fake products
News & Analysis

Recent raid confirms suspicions that an increasing number of sellers on e-commerce sites are selling fake products

If you inadvertently buy a fake product, it's always a good idea to make use of the product return policy on the ecommerce website you bought it from.

Delhi court seeks 'action taken report' from Delhi Police on complaints against e-commerce websites
News & Analysis

Delhi court seeks 'action taken report' from Delhi Police on complaints against e-commerce websites

A city court has sought an action taken report about the online sale of ashtrays portraying a naked woman by three e-commerce majors.

E-commerce companies could see a fast cash burn in festive sales this year, says report
News & Analysis

E-commerce companies could see a fast cash burn in festive sales this year, says report

E-commerce players, including Flipkart, Amazon, Paytm, and ShopClues are holding festive sales on their platform currently, offering deals and discounts to customers across categories like fashion, electronics, and household items.