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Latest Articles in ecommerce

Flipkart Could Offer $900-950 Million For Snapdeal

The new offer almost matches the initial asking price of $1 billion for acquisition of the beleaguered e-commerce marketplace, sources privy to the development said.

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Zomato Reports Data Theft Of 17 Million Users

Online restaurant guide and food ordering app Zomato on Thursday said about 17 million user records have been stolen from its database

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Snapdeal-Flipkart Deal May Leave Staff Richer By Rs 193 Crore

Sale of a company often leaves employees high and dry, but not in the case of Snapdeal that may offer a Rs 193 crore bonanza to its staff if the homegrown e-commerce firm is taken over by larger rival Flipkart

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Snapdeal Founders, Nexus Reach Deal With SoftBank For Sale To Flipkart, Reports ET Now

Founders of Indian online marketplace Snapdeal and one of its early investors, Nexus, have reached an agreement with SoftBank Group that would allow the Japanese firm to move ahead with its plan to sell Snapdeal to bigger rival Flipkart

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Japan's SoftBank Takes Driving Seat In Indian Online Shake-up

After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups

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Snapdeal Suffers In Snapchat Backlash

Several mobile users uninstalled the app of e-commerce firm Snapdeal to protest unverified comments about the Indian market by the CEO of social networking platform Snapchat in a case of mistaken identity

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'100 Per Cent Of The Big Innovations In The Country Have Come From Us’

In an exclusive interview with BW Businessworld, Kalyan Krishnamurthy talks about Flipkart’s strengths, growth, future plans, and much more

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'Droom Targets Rs 7,500 Crore GMV By FY 2017-18'

The e-commerce company is aiming at a gross merchandise value of Rs 7,500 crore and net revenues worth Rs 120 crore by FY 2017-18, Droom founder and chief executive officer Sandeep Aggarwal told BW Businessworld in an interview

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Flipkart Raises $1.4 Billion From Tencent, eBay, Microsoft

The news comes amid strong but unconfirmed speculation that Flipkart is looking at a potential takeover of smaller rival Snapdeal

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Snapdeal Founders Move To Calm Employees Amid Takeover Speculation

The founders of Snapdeal told employees in an email that the e-commerce company will ensure there is no disruption to staff "as the way forward becomes clear," as speculation of a takeover swirls

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Softbank Reworking Sale Plan Of Snapdeal; Decision In Few Weeks

Japanese investor SoftBank is believed to be re-working its plan for sale of e-commerce platform Snapdeal and a final decision is likely to be made in the next few weeks

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Amazon To Hire 1,200 People In India; Sets Up 7 New Warehouses

E-commerce giant Amazon.in said on Wednesday (April 05) it has set up seven new warehouses (Fulfilment Centres or FCs) to cater exclusively to its large appliances and furniture category, a move that will create 1,200 new jobs

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Bata Teams Up With Fynd To Strengthen Online Presence

Footwear major Bata India has partnered with fashion ecommerce portal Fynd in a bid to strengthen its online play

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Under Pressure, Snapdeal Woos Staff With Promises Of Profit

Like most e-commerce players in India, Snapdeal is burning cash to sustain discounts — and keep customers — in a cut-throat online market

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Snapdeal Searches For Funds, Takeover Speculation Grows

The e-commerce company is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive

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