Govt Eases FDI Rules for E-commerce Export Inventory
The government eased FDI rules to allow e-commerce inventory strictly for exports, while domestic sales remain restricted. The Department of Economic Affairs, which sits under...
Tag : e-commerce
Cash on Delivery Still Rules Indian E-Commerce, Despite UPI
Cash on delivery still rules Indian e-commerce, making up 60% of orders and climbing to 75% in smaller cities and towns. The habit runs deeper...
Citymall Raises $75 Million From Norwest Venture Partners
Citymall has raised $75 million in a funding round led by Norwest Venture Partners as it wants to take the concept of community group buying...
Britannia Aims 50% Women in Workforce by 2024
Britannia Industries said that it aims to reach a diversity ratio of 50 per cent by 2024 by increasing women employees in its workforce. Britannia...
Google, MeitY to Help 100 Indian Startups For Making Global Apps, Games
Ministry of Electronics and Information Technology (MeitY) and Google announced a cohort of 100 Indian startups. It aims to help build global apps and games...
Prozo Raises Rs 76 Crores From Sixth Sense Ventures
Prozo has raised Rs 76 Crores from Sixth Sense Ventures, JAFCO Asia, and other investors. Prozo will use these funds to expand into other regions,...
Shiprocket to Acquire 75% Stake in Wigzo
Shiprocket will acquire a 75 per cent stake in Wigzo Tech. The deal will include 60 per cent secondary shares and 15 per cent primary...
Gobillion Raises $2.9 Mn Funding Led by YCombinator
Social commerce startup Gobillion has raised $2.9 million in a funding round led by YCombinator, Tinder founder Justin Mateen, Pioneer Fund and others, the company...
Binny Bansal Sold Part Stake in July Funding
Flipkart co-founder Binny Bansal sold a part of his shares of $200-$250 million in July funding. Bansal sold shares to existing investor Tencent Holdings. In...
Sendinblue Acquires Online Marketing Tool Provider PushOwl
Sendinblue has purchased PushOwl as their e-commerce branch in India. The SaaS startup has also bought two other e-commerce marketing companies, Chatra and Metrilo, in...