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...
Flipkart Claims User Base Exceeds 100 Million
India's e-tailer Flipkart crossed the 100-million registered users mark, becoming the first e-commerce company in the country to hit the milestone. Its investors include Tiger Global, Naspers, Accel Partners, Morgan Stanley Investment Management, T Rowe, and GIC, Singapore’s sovereign wealth fund. The Bangalore-based company doubled its user base over the...
Wal-Mart May Join Forces with India's Flipkart
The Hindu reports that Wal-Mart Stores Inc is negotiating a minority stake in Flipkart, the e-commerce retailer in India, in which it is looking to invest between $750 million and $1 billion. Flipkart has been valued at about $11.5 billion, media reported last month, citing a U.S. regulatory filing from...