Shopclues

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'

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

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

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

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.

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

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

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

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

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