eCommerce

Nykaa Concluded Acquisition of 100% Iluminar Media Equity Shares

Nykaa Concluded Acquisition of 100% Iluminar Media Equity Shares

One of the most prominent beauty eCommerce platforms ━ Nykaa ━ has concluded the complete acquisition of Iliminar Media, the parent company of the digital content platform Little Black Book (LBB). The company has made this deal all in cash, but there is no clarity on the financial contours of the deal yet.  On the…

Jack Ma’s Firms Sold 43.3% Stake in Paytm For $5.6 Million

Jack Ma’s Firms Sold 43.3% Stake in Paytm For $5.6 Million

Jack Ma’s firms, Alibaba and Ant Financial, back off from Paytm and have sold their 43.3% stake to the company for just $5.5 million (around Rs. 42 crores). In the last round of funding in 2020, the company was valued at $3 billion. From the combined 43.3% stake, Alibaba had 28.35%, and Ant Financials owned…

The Inspiring Tale Of ‘Dukaan founder’ Suumit Shah

The Inspiring Tale Of ‘Dukaan founder’ Suumit Shah

COVID-19 and the imposition of lockdown across India led small and medium-sized shopkeepers to shut their businesses. However, big companies still managed to keep their business afloat. It was small retailers whose businesses had to face drubbing. To aid these retailers to come out of crises, Suumit Shah, a techie from Mumbai decided to come…

Samara Capital To Invest ₹ 7k Cr In FRL, Amazon Confirms

Samara Capital To Invest ₹ 7k Cr In FRL, Amazon Confirms

Amazon has written to Future Retail for financial concerns. The proposal includes Amazon-backed private equity firm Samara Capital and FRL, in which Samara Capital retains its interest in investing Rs. 7k Crore for buying all retail assets, according to the sources.  Amazon has reached independent directors of FRL, including Gagan Singh, Ravindra Dhariwal, and Jacob…

GlobalBees Joins Unicorn Club For its Thrasio-Like House of Brands

GlobalBees Joins Unicorn Club For its Thrasio-Like House of Brands

GlobalBees has joined the Unicorn club as the New Delhi headquarters firm to scale its Thrasio- like the house of Brands.  Prem Invest, the investment firm controlled by Indian tycoon Azim Premji, led the nine-month-old startup’s Series B financing round, the young firm disclosed in a regulatory filing. Steadview Capital and existing investors ━ SoftBank…