Anand Chandrasekaran, the former head of products at e-commerce marketplace Snapdeal, has invested an undisclosed amount in MoEngage and has joined the user engagement start-up as an adviser, the latter said on...
Ecommerce
Paytm founder Vijay Shekhar Sharma raises Rs 325 crore by selling 1% stake
BENGALURU: Digital payments and commerce platform Paytm’s founder and CEO Vijay Shekhar Sharma has sold 1% of his holding in One97 Communications to raise about Rs 325 crore. This money will be pumped into the...
Paytm to merge its wallet service with payments bank
One 97 Communications, the parent company of digital payments provider Paytm is preparing to merge its wallet service with the eponymous payments bank– the license for which is owned by its founder Vijay Shekhar...
Alibaba is not buying India’s Snapdeal: Source
China’s Alibaba Group Holding is not buying Indian e-commerce company Snapdeal and is not in talks to do so, a person familiar with the matter said on Thursday, dampening talk that an acquisition was in the works...
Netmeds buys Pluss in bid to scale quicker
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...
