The e-commerce platform reported that the total revenue fell marginally by Rs 916 crore in FY20, versus Rs 925.3 crore in FY19.
Amazon India to add 50,000 temporary roles for warehousing, delivery network to meet surge in demand for products
E-commerce major Amazon India on Friday said it will add 50,000 'seasonal' or temporary roles to meet the surge in online demand for products, particularly from those most vulnerable to being out in public in the backdrop of the coronavirus pandemic
Snapdeal resumes pan-India deliveries; engages law tech platform Legistify to help in logistics planning
Snapdeal said that all deliverable orders from this backlog are expected to be cleared by the end of this month.
E-commerce major, Snapdeal on Monday said that on Day 1 of the expanded operations, the orders at Snapdeal platform grew rapidly and had crossed 2.4 times the average of the previous 15 days by 3 pm on 18th May
E-commerce companies are waiting for more clarity from states before taking a final call on resumption of services in various locations.
Lockdown 3.0: From laptops to apparels, people place orders online for non-essential items; staff crunch may delay deliveries
From laptops to apparels, people logged on to e-commerce platforms like Amazon, Paytm Mall and Snapdeal on Monday to place orders for non-essential items
Govt's new foreign investment rules aimed at China to include Hong Kong too; inflows from both to be scrutinised in same manner
The new rules are seen slowing down investment timelines and straining Indian startups that get regular funding from major Chinese companies, especially when the coronavirus outbreak has already hit them hard.
Amazon India is reaching out to customers to assure them that receiving deliveries through its platform is safe, and that it continues to take preventative hygiene measures across its sites
Mobile phones, televisions, readymade garments and stationery items will be allowed to be sold on e-commerce platforms like Amazon, Flipkart and Snapdeal during the lockdown from 20 April, officials said on Thursday
Snapdeal resumes operations in 96 cities; company ties up with local grocers, wholesalers for quick deliveries
While Snapdeal continues to accept orders for both essential and non-essential goods, the delivery for the latter is planned post the lockdown period.
Flipkart, along with rival Amazon India's Pantry service, were suspended temporarily on Wednesday morning as India entered into a 21-day lockdown to contain the spread of Covid-19 pandemic.
Masayoshi Son, CEO and Founder of SoftBank, during his India visit, said that he wants to bet on the future.
ShopClues (which is registered as Clues Network) posted losses of Rs 208 crore for the year ended March 2018.
Ratan Tata to continue to invest in startups; reveals strategy to invest more on 'intuition' than numbers
Ever since his retirement in 2012, Tata has been aggressively investing in Indian startups through his private investment vehicle, RNT Associates
The e-stores are aimed to make shopping for traditional items simple and convenient.
Snapdeal expects to have a market share of 10 percent in a few years, he said.
Piramal Group executive director Anand Piramal invests in Snapdeal; move a significant endorsement for e-commerce firm
In 2017, SoftBank tried to orchestrate a merger between Snapdeal and Flipkart.
Govt to come out with national e-commerce policy within 12 months, says commerce minister Piyush Goyal
The government will come out with a national e-commerce policy within 12 months to facilitate achieving holistic growth of the sector
Another source said ShopClues is also exploring options with other platforms, even though these are in early stages.
ShopClues, which shares Nexus Venture Partners as an investor had an estimated value of $1.1 billion in 2017.