The valuation of homegrown e-commerce major Flipkart rose to $9.36 billion for the quarter ended September 30, 2017, as Morgan Stanley, one of its mutual fund investors, marked up the value of its holdings in the company by 2
Airbnb, the online global homestay and alternative accommodation aggregator, reported a 238% rise in revenues from its India operations while the net profit dropped by 35% for FY17, documents filed with the registrar of compa
Online grocery company BigBasket has secured Rs 52 crore ($8.02 million) funding from its four existing investors – UAE based Abraaj Basket, Bessemer Venture Partners along with International Finance Corp and Sands Capital,
Mauritius-based online travel firm MakeMyTrip has infused about $24.6 million (Rs 160.5 crore) into its India business in the last two months, documents filed recently with Registrar of Companies (RoC) stated.
E-commerce major eBay Inc received the stake in Flipkart in exchange for its eBay India business and a $500-million cash investment. In August this year, Flipkart had successfully completed its merger transaction to make eBay
Flushed with funds, these companies will drive sales online by offering attractive offers and discounts. While Flipkart recently raised $1.4 billion from Tencent, eBay and Microsoft, it raised another $2.5 billion from Softba
Flipkart’s digital payment platform PhonePe has secured fresh funding of Rs 254 crore from its Singapore-based group entity Flipkart Payment, recent filings with the registrar of companies (RoC) showed.
Despite Flipkart having cash reserves of $4 billion on its balance sheet, its wholesale cash and carry arm Flipkart India has taken loan of Rs 1,000 crore from Axis Bank, documents filed with the Registrar of Companies (RoC)
Despite challenging times faced by the cab leasing business, cab aggregator Ola has pumped in Rs 100 crore into its leasing subsidiary Ola Fleet Technologies, as per documents filed with the Registrar of Companies.
At a time when all online marketplaces and vendors are busy liquidating their inventory before the GST rollout, online sellers are apprehensive over the treatment of a very common feature that exists in the e-commerce sector