Shopkirana, India based B2B FMCG distribution platform has raised undisclosed amount of funding to expand to Tier 1 and Tier 2 cities.
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.
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.
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.
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, Indian eCommerce enabling platform has raised $6 Million from Bertelsmann India Investments, 500 Startups, Nirvana Digital Fund, Beenext.
Lightspeed POS, maker of retail software has acquired SEOshop to get into eCommerce. Financial terms of the deal remain undisclosed.
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...