Amazon is also going to invest a large chunk of the capital to build the supply chain for its grocery and food category.
Ananth Narayanan wants to turn Medlife into a $2-billion player
Bansal says there are many reasons why he picked up financial services as his next area of focus
The move is the latest sign of the Reliance group's pivot towards data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Flipkart in India
Shopkeepers accuse the two U.S. giants of indulging in heavy discounts and giving preferential treatment to select sellers.
Modern platforms will have to address the vernacular, voice and credit barriers
E-commerce companies like Amazon, Flipkart witness at least 20% decline in business due to internet shutdowns in India, say sources
Restrictions on trade responsible for firms not opting for e-commerce, says report
E-commerce giants adopt similar strategy to helps SMEs
According to the notification by the finance ministry, e-commerce companies have to obtain statutory auditor report by September-end for the preceding financial year
According to industry experts, the Bill creates a need for the data fiduciary to repeatedly obtain consent from the data principal for every step of the processing activity
At 2%, he said, India is already equal to markets such as Canada, Germany, Spain, and Italy in terms of e-commerce penetration for FMCG products
The move would come as internet titans become increasingly involved in online financial transactions and e-commerce
India will celebrate 11.11 with the UC Shopping Festival in association with Paytm, VMate and 9Apps.
Enter the chief of staff The title is suddenly everywhere. It can mean almost anything, says Jonah Engel Bromwich
Here's a selection of Business Standard opinion pieces for the day
FDI norms for e-commerce should be relaxed
Shopmatic had previously acquired a 50.1% stake in retail management and point of sale solution provider Octopus
Club Factory aims to further enhance its Open Platform Strategy post this new round of funding
The company had earlier raised $12 million from Lightbox, which bring its total fund-raise to date to $24 million