CDC Group, the UK’s development finance institution, said on Tuesday that it has invested $40 million in homegrown grocery delivery firm BigBasket. The investment is part of a bigger round of $150 million that BigBasket...
Ecommerce
Amazon buys warehouse robotics startup Canvas Technology
Amazon.com Inc on Wednesday said it had acquired Canvas Technology, a robotics startup in Boulder, Colorado, that has built autonomous carts that can move goods around warehouses. An Amazon spokeswoman did not comment...
Shopmatic acquires 51% stake in Octopus
E-commerce enabler Shopmatic Pte. Ltd has picked up a controlling stake in retail point-of-sale device provider Octopus, a top company executive said. Shopmatic chief executive Anurag Avula said in an interview that the...
SoftBank’s founder Masayoshi Son misses out on Amazon stake by $30 million
SoftBank Group founder Masayoshi Son, famous for his early investment in China’s top e-commerce company, also had the chance to own a big stake in Amazon.com — but he missed out over $30 million. Son, speaking at the...
Amazon’s China unit in merger talks with NetEase’s Kaola – report
Amazon.com Inc’s Chinese joint venture is in talks about a merger with local e-commerce firm Kaola, which sells imported products in the Asian country, business magazine Caijing reported on Tuesday. Kaola, owned by...
Alibaba-backed Easyhome to float new retail unit in $5.7 billion reverse merger
Alibaba-backed home improvement chain Easyhome will take its new retail arm public via a deal worth up to $5.65 billion with a Chinese state-backed listed retail conglomerate, showed stock exchange statements published...
Infibeam terminates acquisition deal with Snapdeal’s inventory management unit Unicommerce
India’s first e-commerce company to IPO Infibeam Avenues today said that it has terminated Rs 120 crore-deal to acquire Snapdeal’s inventory and order management subsidiary company Unicommerce. The call-off comes seven...
MSTC mulls 10% fresh equity issue after govt plan to dilute 25% stake
State-owned MSTC Ltd is mulling an additional 10 per cent equity issue, following the government’s proposed dilution of stake in the trading and e-commerce services company. The Centre has proposed to offload 25...
India e-commerce norms: Amazon may have to sell Cloudtail, Appario stakes
The norms for foreign direct investment (FDI) in e-commerce put out on Wednesday bars e-commerce firms from selling products of entities in which they have an equity stake. This may effectively lead to Amazon offloading...
A topsy-turvy ride for Jabong employees after its merger with Myntra
It has never been a steady ride for Abhishek Arora (name changed), a senior data scientist at online fashion portal Jabong, since he joined the firm three years back. In 2015, when Arora joined Jabong, owned by Rocket...
Meesho raises $50 million in fresh funding round
Less than five months after raising its last round of funds, Meesho, one of the fastest growing e-commerce companies in the country, has raised $50 million in Series C funding from new investors including Shunwei...
Alibaba uncorks $290 million deal with stake purchase in wine e-tailer 1919.cn
Chinese e-commerce giant Alibaba Group Holding Ltd will invest 2 billion yuan ($288.25 million) in domestic wine and spirits importer and retailer 1919.cn to tap into resurgent demand for imported wine in China. The...
