Today, India is the third largest startup ecosystem in the world with the number of startups at 7,500 in 2018, a growth or 15 percent from 2017, with at least 27 of India's startups gaining unicorn status since 2014 -- most of them in 2018 or 2019,according to trade body...
Mondelez Targets $20 Million in Indian Online Sales
Ganesh Kashyap, senior director of e-commerce growth platforms at Mondelez said that the company was targeting $1 billion in e-commece revenue globally by 2020, and expect a third of it from Africa, Middle East, Europe and Asia; online sales from India, which is less than 1% now, would contribute 5%...
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...
E-commerce Startup ShopClues, India, Valued at $1 Billion
A Series E funding by Nexus Partners, Tiger Global and GIC, the Singapore government’s sovereign wealth fund, has raised the valuation of the e-commerce company ShopClues to $1.1 billion. Headquartered in Gurgaon, India, the company was founded in California's Silicon Valley in 2011. This new "unicorn valuation" puts ShopClues in...