Indian e-Commerce News Articles of Week (10 July 2014)
Budget Announces opening of E-commerce for FDI
Finance Minister Arun Jaitley has effectively announced in his budget speech allowing foreign investment in India’s e-commerce business.
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Indian tech funding tops $1 bn, Bangalore pockets most deal
Large funding deals in e-commerce sites like Flipkart and Snapdeal has meant Indian Tech funding has crossed $1.3 billion across 266 deals, up 69 percent on a year-over-year (YoY) funding basis and 21 percent on a deal basis versus the previous four quarters (Q2’12-Q1’13).
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Top E-commerce companies are launching websites in regional languages
With an opportunity to grow and increase customer base the top e-tailers such as Flipkart Snapdeal amd Jabong are going to launch websites in languages in Tamil, Marathi, Gujarati, Telugu, Bengali and Hindi. Idea is to get the cutomers from Tier 2 and tier 3 cities.
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Indian E-commerce giant Flipkart in talks to raise 3000 crore to get list in US
Flipkart is looking for more investment through angel investors. Singapore’s sovereign wealth fund GIC and US-based investment firm T Rowe Price. However both Flipkart and investor companies are denying.
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Spencers Retail planning to enter into E-commerce this year
Sanjiv Goenka group owned Spencers is planning to enter into upcoming marketplace like E-commerce and Cash & Carry.Plans will be finalised after the breakthrough.
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Big Fashion brands enter partners with Global and Local apparel brands
Big fashion brands like Myntra, jabong are getting into partnership with local and global brandsa. Like ITC’s Wills Lifestyle brand will tie up with Myntra and Jabond signed with high street brand River Island & UK-brand Dorothy Perkins.
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Small Vendors are big gainers in E-commerce
Tiny brick and mortar sellers are becoming foundation for E-commerece industory. Snapdeal is aiming to increase the merchant base to 1 lakh. Flipkart also targeting 12000 merchant base for this year and 1 lakhs by 2016.
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Flipkart sells 1 million Motorola phones in last 5 months
Motorola mobile which entered again in Indian market with flagship models have sold oout 1 million phone in last 5 months. Phone was availabale only on Flipkart. There were total 3 phones has been launched Moto E, Moto G and Moto X and range is between 7000 to 26000. Serial entrepreneur and investor K Ganesh said that exclusive partnerships with online e-commerce players would be the future of how distribution is carried out in India.
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Amazon India introduces try-and-buy offer on Kindle e-readers
In a bid to push the sales of its Kindle e-readers, Amazon has introduced a special trial offer that allows consumers to order and use the devices for two weeks and return them for a full refund, if not satisfied.
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