MaxWholesale, a mobile-based business-to-business commerce platform, has raised $1 million from Indian Angel Network and existing investor Maple Capital Advisors to connect FMCG companies to local Kirana stores. The...
Ecommerce
With Whole Foods, Amazon on collision course with Wal-Mart
When Wal-Mart Stores Inc bought online retailer Jet.com for $3 billion last year, it marked a crucial moment – the world’s largest brick-and-mortar retailer, after years of ceding e-commerce leadership to...
Amazon to buy Whole Foods in $13.7 billion bet on bricks and mortar retail
Amazon.com Inc. will acquire Whole Foods Market Inc. for $13.7 billion, a bombshell of a deal that catapults the e-commerce giant into the supermarket business with hundreds of stores across the US. Amazon agreed to pay...
Flipkart-eBay India deal gets Competition Commission nod
E-commerce major Flipkart’s proposed acquisition of eBay India has received approval from the Competition Commission. Besides, the fair trade regulator has given nod to eBay Singapore’s subscription of...
Amazon said to be in talks to buy BigBasket
Amazon.com Inc. is in preliminary talks to buy the online grocery site BigBasket, as the American e-commerce firm steps up efforts to gain ground in the fast-growing market, according to people familiar with the matter...
Kinnevik sells remaining stake in Rocket Internet for €200 million
Swedish investor Kinnevik has sold its remaining stake in German e-commerce company Rocket Internet for more than €200 million, capitalizing on a recent rally in the stock fuelled by plans to list two of its start-ups...
Alibaba said to lead $1 billion funding in Chinese start-up Ele.me
Alibaba Group Holding Ltd and its financial services affiliate plan to lead an investment round of at least $1 billion in Ele.me, one of the largest players in a crowded Chinese food-delivery service arena, people...
Term-sheet for Flipkart’s Snapdeal acquisition signed
The process of selling marketplace e-commerce company Snapdeal to Flipkart has started. According to sources close to the deal, three months after SoftBank, the e-commerce player’s largest investor, floated the idea...
Flipkart deal for Snapdeal said to need Azim Premji, Ratan Tata nod
Flipkart Online Services Pvt. Ltd is nearing a final agreement to acquire rival e-commerce provider Snapdeal after winning support from the start-up’s three primary venture investors, but the contract still needs...
Nexus gives in, Snapdeal ready to merge with Flipkart
Three months, more than 15 meetings, and a payout of at least $210 million later, it’s a clear road now for Japanese telecom and internet giant SoftBank to merge its biggest Indian asset Snapdeal with leading e-commerce...
Valuation problems? SoftBank logs $1.4-billion loss in Snapdeal, Ola
Japanese telecom and internet giant SoftBank has written off nearly $1 billion in the value of Snapdeal (its best asset in India till recently), as it pushes to offload the Kunal Bahl-led company onto larger rival...
Snapdeal sale to Flipkart: SoftBank said to be closer to bringing Nexus on board
Japan’s SoftBank Group Corp. is believed to have moved a step closer to securing the consent of investor Nexus Venture Partners for Snapdeal sale to Flipkart, the largest e-commerce firm in India. A meeting of...
