Monday, May 20, 2019

ShopKirana, Indian FMCG distribution platform raises funding

Shopkirana, India based B2B FMCG distribution platform has raised undisclosed amount of funding to expand to Tier 1 and Tier 2 cities.

PayTM eying another $400 million to build payment bank

PayTM, Indian eCommerce biggie is looking to raise $400 million for setting up the payment bank across the country. The startup had recently got payment bank licence from the Reserve Bank of India.
Amazon apk

Amazon to invest additional $300 Million in Indian Market

Global eCommerce giant, Amazon has invested further $300 million to take on the Indian eCommerce players such as Amazon and Snapdeal. The invested funds will be used to improve logistics and warehousing.

Buildzar raises $4 Million from Puneet Dalmia

India based eCommerce portal for construction material, Buildzar has raised $4 Million from Puneet Dalmia to focus on team expansion, product enhancement and marketing.

Power2SME raises funds from Nandan Nilekani, Accel, Kalaari & Inventus Capital

Power2SME, Indian eCommerce startup helping SMEs buy things at competitive prices has raised undisclosed amount from Nandan Nilekani, Access, Kaalari & Inventus Capital to add more products in the portfolio.
Amazon, snapdeal and flipkart

Indian eCommerce sites to deliver at Metro Stations

Indian eCommerce websites are planning to deliver the orders at the metro stations while the users are on their daily commute. The service is set to start at 10 metro stations by February 2016.

KartRocket Raises $6 Mn from Bertelsmann India Investments & Others

KartRocket, Indian eCommerce enabling platform has raised $6 Million from Bertelsmann India Investments, 500 Startups, Nirvana Digital Fund, Beenext.
LightSpeed POS

LightSpeed POS acquires SEOshop to get into eCommerce

Lightspeed POS, maker of retail software has acquired SEOshop to get into eCommerce. Financial terms of the deal remain undisclosed.

China’s Alibaba sets new sales record on Singles’ Day sale

China's biggest e-commerce company Alibaba has hit a new record in online sales with the net value of $14.33 billion on the annual Singles Day, the world's biggest online shopping day, with shoppers indulging...

Worthy raises $8 million in Series B funding

Worthy, an online platform to sell used luxury goods, has raised $8 million in Series B round of funding led by Carmel Ventures. Founded in 2012 by Ben De-Kalo, Worthy is the rapidly growing on-line...