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Myntra and Jabong to integrate back end, logistics functions
Flipkart-backed Myntra and Jabong will share the same logistics infrastructure by bringing together their back end and supply chain functions, a report in a financial daily stated. “Myntra logistics...
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Exclusive: Former India head Latif Nathani quits eBay
Latif Nathani Latif Nathani, who was heading eBay’s India business up until recently, has resigned from the company. Nathani served as the managing director and vice president of eBay India since May...
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Why Inventus’ Kanwal Rekhi doesn’t regret giving Flipkart, Snapdeal a miss
Kanwal Rekhi Many moons ago, Kanwal Rekhi and John Dougery, the founding partners of Inventus Capital, carefully examined two fledgling e-commerce ventures but passed up the investment opportunity. The...
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Myntra set to invest in 10 fashion brands with accelerator programme
Flipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle....
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Two senior executives resign from Snapdeal’s Bangalore centre
Balaji Hariharan & Hemanth Kota E-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company’s two associate vice presidents Balaji...
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Key takeaways from Airbnb CEO Brian Chesky’s India visit
Brian Chesky Home-sharing company Airbnb Inc has introduced a new offering in India, as it seeks to expand its operations in a market that is still tiny but growing rapidly. The company, whose online...
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Snapdeal strategy head Jason Kothari formally takes over at FreeCharge
Jason Kothari, CEO, FreeCharge E-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, has appointed Jason Kothari as chief executive officer of its mobile recharge platform FreeCharge. Kothari...
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Flipkart raises $1 bn in down round: Report
Flipkart Pvt Ltd, the Singapore-based holding company of India’s largest e-commerce marketplace, has reportedly raised $1 billion in a massive fundraising round. The funds were secured at a down round...
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ShopClues looks to raise $75-100 mn in pre-IPO round
Clues Network Pvt. Ltd, which runs e-commerce company ShopClues, is looking to raise $75-100 million (Rs 490-652 crore) in fresh funding even as it begins discussions with merchant banks for an initial...
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Exclusive: Tiger Global may be part-exiting Flipkart with 3x return
Tiger Global, the biggest investor in Flipkart, may have struck a deal with Microsoft and other new investors to sell a part of its stake in the e-commerce company in the latest fund-raising round that...
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