E-commerce major Amazon has partnered with India’s leading retailer, Future Retail Ltd (FRL), as they seek to expand their reach by leveraging each other’s networks. While the partnership will allow the Kishore Biyani...
Ant Financial takes stake in Vietnam’s eMonkey: sources
China’s Ant Financial, a fintech affiliate of e-commerce giant Alibaba Group Holding Ltd, has quietly acquired a sizable stake in a Vietnamese e-wallet eMonkey, people familiar with the matter said. The move, negotiated...
Amazon’s Deliveroo deal put in jeopardy by UK regulator’s ‘serious concerns’
Amazon’s purchase of a stake in online food delivery group Deliveroo has been put in doubt by Britain’s competition regulator which said it raised “serious competition concerns” for consumers and may require an in-depth...
Flipkart leads funding round in Shadowfax
Walmart-owned e-commerce platform Flipkart has led a $60 million investment in Shadowfax, which offers an on-demand, last-mile logistics network. The Series D funding round also saw the participation of Eight Roads...
EBay to sell ticketing unit StubHub for $4.05 billion
EBay Inc will sell ticketing unit StubHub to ticket reseller Viagogo Ltd for $4.05 billion in cash, the companies said on Monday, nearly a year after the ecommerce major came under pressure from activist investors to...
Flipkart invests Rs 30 crore in customer engagement firm EasyRewardz
Flipkart has invested in customer engagement and rewards platform EasyRewardz in a deal that will see two firms offer customer engagement solutions to sellers on the Flipkart platform. While the two companies declined...
Amazon and Salesforce Expand Global Strategic Partnership
Amazon Web Services, Inc (AWS), American e-commerce giant Amazon’s cloud computing business and CRM services provider Salesforce on Tuesday said that they are expanding their global strategic partnership with a...
Flipkart gets stay on insolvency proceedings initiated against it at NCLT
Flipkart has obtained a stay order on insolvency proceedings initiated against the e-commerce firm by the National Company Law Tribunal (NCLT) in a case involving alleged withholding of dues to a seller on its platform...
Amazon Australia signs up Zip Co buy now, pay later service
Amazon Inc’s Australia unit has signed up Zip Co Ltd to offer its buy now, pay later (BNPL) service on the U.S. giant’s local retail website, sending shares in Zip soaring by more than 20%. The deal with the world’s...
Singapore-based e-commerce platform Qoo10 acquires ShopClues in all-stock deal
Online marketplace ShopClues is being acquired by Singapore-based e-commerce platform Qoo10 in an all-stock deal bringing to an end a prolonged hunt by the Indian e-tailer for a buyer. The transaction is learnt to have...
E-commerce firm Shopmatic buys CombineSell for an undisclosed amount
E-commerce company Shopmatic said it had acquired 100 per cent of CombineSell, a software-as-a-service (SaaS) for an undisclosed amount. CombineSell automates multichannel e-commerce by aggregating online marketplaces...
Udaan raises $585 million at $2.8B valuation
Udaan, an e-commerce platform for businesses, has raised $585 million from a clutch of investors, one of the largest late-stage rounds this year and valuing the company at nearly $2.8 billion. Tencent, Altimeter...
