Digital payments platform PhonePe on Monday said it has partnered with Flipkart to enable pay-on-delivery service for the e-commerce major’s orders. PhonePe’s dynamic QR code solution will enable customers...
Shinsegae Group’s E-Mart acquires 80.01% of shares in eBay Korea
Shinsegae Group’s E-Mart officially acquired about 80 per cent of share in eBay Korea, which operates G market and Auction, on the 30th. E-Mart announced that it has signed a stock trading contract to acquire 80...
S.Korea retailer E-Mart buys eBay’s S.Korean business for $3 bln
South Korean retailer Shinsegae Group’s E-Mart Inc said on Thursday it plans to acquire an 80% stake in eBay Inc’s (EBAY.O) South Korean business for 3.4 trillion won ($3 billion). With the deal, traditional...
Amazon could be forced to sell logistics business under proposed bill
Amazon.com Inc. could be forced to sell its valuable logistics services division — the network of warehouses and delivery hubs around the country that power quick delivery of online orders — under antitrust...
Flipkart in talks to raise $3 billion, targets valuation of $40 billion
Flipkart, the Indian e-commerce giant controlled by Walmart Inc., is in talks to raise at least $3 billion from investors including SoftBank Group Corp. and several sovereign wealth funds, according to people familiar...
Flipkart to acquire troubled Cleartrip
Flipkart Group is close to buying travel and hotel booking platform Cleartrip in a distress sale, three people aware of the matter said, as the Walmart-owned e-commerce giant strengthens its operations in the...
Flipkart partners with Adani Group to enhance supply, logistics infra
India’s homegrown e-commerce marketplace Flipkart on Monday announced a strategic and commercial partnership with the Adani Group. Flipkart will work with Adani Logistics Limited to strengthen Flipkart’s supply chain...
DotPe raises Rs200 crore from Google, PayU, Info Edge Ventures
Gurugram based e-commerce startup DotPe has secured $27.5 million (about Rs200 crore) in series A funding from existing investors PayU and Info Edge Ventures, and Google which joined as a new investor. With this, the...
Social e-commerce platform CityMall raises $11 Mn in new funding
Social e-commerce and online grocery platform CityMall on Thursday said it has raised $11million as part of its Series A funding round, led by Accel Partners. Existing investors Elevation Capital, Jungle Ventures and...
Flipkart weighs US listing via SPAC merger but IPO much more likely
Flipkart is exploring a US listing via a special purpose acquisition company (SPAC), although a traditional IPO is much more likely, people familiar with the matter said. The talks for a deal with a blank-check firm are...
Amazon has acquired Australia-based Shopify competitor Selz
Amazon.com Inc. has acquired Selz, a Sydney-based e-commerce platform that helps small businesses create their own websites much the way Shopify Inc. does. Selz founder and Chief Executive Officer Martin Rushe announced...
Flipkart-ABFRL deal gets CCI nod
The Competition Commission of India (CCI) on Wednesday approved the ₹1,500-crore Flipkart-Aditya Birla Fashion and Retail Ltd (ABFRL) deal, which will help the Walmart Inc.-owned e-tailer consolidate its position in the...
