With a 200 million plus user base that communicates in 10 Indian languages to generate 50 billion messages a day, Facebook-owned WhatsApp is turning toward businesses in India to monetize the platform. It has already partnered with travel portals MakeMyTrip and Goibibo, and is now planning to add Flipkart, utility...
India Sees Record Private Investment in Q3 2017
A report by Ernst & Young says that private equity/venture capital investments in India touched a record high of $8.7 billion in the July-September quarter, a sharp increase over last year's $3.1 billion for the same period. E-commerce recorded $2.6 billion across 18 deals primarily driven by Softbank's $2.5 billion...
e-Bay India Merges with Flipkart
Online selling platform eBay India, and Bangalore, India-based e-commerce firm Flipkart Group formally concluded their merger process. Flipkart will own and operate eBay, while the latter will function as an independent entity even as the two firms explore opportunities in cross-border trade. Customers from Flipkart and eBay will get access...
Facing its Rivals' Merger, Amazon India Recommits
In an interview with MoneyControl over Amazon's India strategy to counter a possible merger between India's largest e-commerce company Flipkart, and its rival Snapdeal, Amazon's India chief Amit Agarwal said, "... no matter what happens, even after 20 years, customers will want great selection, great product and fast delivery. So...
PayTM Launches e-Commerce Mall in India
PayTM, a consumer shopping Android app has launched an e-commerce mall modeled on TMall, China’s dominant e-commerce platform. With Alibaba's and SAIF Partners' infusion of $200 million into Paytm, an Indian payment and commerce company based out of Delhi NCR, the company is now valued at $1 billion. Paytm e-commerce...
India's GreyOrange Offers Warehouse Automation
Engineers Samay Kohli and his colleague Akash Gupta have created GreyOrange a robotics supplier whose products support online retailing not only in India, but internationally too. Based in Gurgaon, India, GreyOrange says it has 90% of the warehouse automation market in India, and it works with leading e-commerce and logistics...