Healthcare e-commerce portal Netmeds on Thursday said it has acquired Pluss, a mobile app for medicine deliveries in Delhi and Hyderabad, in an all-stock deal. Financial details of the deal were not disclosed. Pluss...
B2B online marketplace Udaan.com raises $10 million from Lightspeed
Udaan.com, a business-to-business online marketplace, on Tuesday, said it has raised $10 million in series A funding from venture capital firm Lightspeed Venture Partners India and Lightspeed US. Udaan was launched...
Temasek cut stake in Alibaba in third quarter, filing shows
Singapore: Temasek Holdings Pte pared its investment in Alibaba Group Holding Ltd in the third quarter, as shares of China’s biggest online retailer rallied while emerging as a shareholder of software maker Dell...
Flipkart in talks with Wal-Mart, CPPIB for $1 b funding
After a year of discussions with various global investment firms, Indian e-commerce giant Flipkart may soon close a deal to raise around $1 billion to fuel its expansion and take on arch rival Amazon.in. According to...
What the Amazon acquisition of Westland says about our publishing industry
Excitement of this kind is quite rare in the publishing industry. The last came a few years ago when Random House took over Penguin. And now this Amazon buyout of Westland has given the industry an interesting...
Amazon said to weigh bid for stake in Dubai’s souq.com
London: Amazon.com Inc. is weighing a bid for a stake in Dubai-based online retailer souq.com FZ as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake...
Cinven, Permira Buy Allegro From Naspers for $3.25 Billion
Cinven Ltd., Permira and Mid Europa Partners agreed to buy Naspers Ltd.’s Polish online auction site Allegro for $3.25 billion, taking on rivals such as EBay Inc. in the eastern European country. The deal is part...
Capillary Technologies buys e-commerce tech firm Sellerworx
Mumbai: Capillary Technologies Pvt. Ltd, which offers customer relationship management software and marketing analytics for retailers, has acquired Sellerworx Online Services Pvt. Ltd for an undisclosed amount in a...
Amazon partners with Yes Bank for faciliting merchant loans
Amazon has partnered with Yes Bank to provide to provide working capital loans to merchants on its platform as it looks to boost business during the festive season and overtake reigning e-commerce champion Flipkart...
Flipkart, PVR tie up to tap million moviegoers for Big Billion Days
Flipkart has partnered with PVR cinemas in Bengaluru, Mumbai, and Delhi to bring its brand campaign around the upcoming Big Billion Days festive sale offline. The company is hoping to reach a million people through this...
Wal-Mart in talks to buy stake in Flipkart
MUMBAI/HONG KONG: Wal-Mart Stores is in talks to buy a minority stake in Flipkart, two people familiar with the matter said, as the world’s biggest retailer aims to break into a fast growing but highly...
Walmart-Flipkart tie-up: Why the association is more likely than a stake sale
The world’s largest retailer, Walmart, which is in direct competition with Jeff Bezos-led e-commerce giant Amazon in the US, may be looking at India, the fastest-growing market, for the next round of business rivalry. A...
