eCommerce

Create UPI Payments Link At Ease: Follow These Steps

Create UPI Payments Link At Ease: Follow These Steps

Unified Payment Interface or UPI has revolutionised how we spend money in India and took the digital India initiative to a new level. Today, almost every vendor and shopkeeper uses a UPI payment system. As of July 2023, there are around 300 million UPI users in India, and around 500 million merchants use UPI systems…

Amazon, Flipkart Get Notice For Selling Unlicensed Drugs

Amazon, Flipkart Get Notice For Selling Unlicensed Drugs

Including Amazon and Flipkart, the Drug Controller General Of India (DCGI) has issued a notice to 20 online sellers for selling drugs without a license. The notice stated the DCGI had forwarded the order to all state and Union Territories in May, then in November 2019, and again on February 3 for necessary actions and…

Amazon To Call-off Food Delivery Business In India Soon

Amazon To Call-off Food Delivery Business In India Soon

Amazon is to shut down its food delivery services in India from December 29, the eCommerce giant announced on Friday. The company announced this after the winding down of its online learning platform for high-school students in the country.  “As part of our annual operating planning review process, we have made the decision to discontinue…

An Inspiring Flipkart Startup Story To Motivate Youth 

An Inspiring Flipkart Startup Story To Motivate Youth 

Flipkart Big Billion Days Sale! Flipkart End of Season Sale! These are some taglines that you often read or hear whenever you come across social media. Do these words excite you? If you are a shopaholic or prefer online purchasing, you must wait for the season sale on Flipkart to buy needful items. Behind the…

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…