- Florintree Leads $3.5 Mn Funding Round In Ecommerce Portal LatestOne Hyderabad-based online store for tech accessories, LatestOne has raised about $3.35 Mn (INR 22 Cr) through a preferential allotment. Launched in June 2014 by Palem Srikanth Reddy, LatestOne deals in tech and mobile accessories such as Bluetooth devices, mobile covers, tablet accessories, cables, power banks, Android TVs, headsets, smart watches, CCTV’s etc. It claims to have […]
- DBS Bank Launches Mobile-only Bank In India, Aims To Add Over 5 Mn Customers Aiming to add over 5 Mn banking customers in India over the next three to five years, Singapore-based DBS Bank launched its first mobile-only bank in India. The bank will be completely paperless and branchless, enabling customers to open accounts by leveraging biometrics-enabled IDs and Aadhaar card to ensure that that there is no paperwork. […]
- Myntra Takes A U-Turn: No More ‘App Only’ Fashion and lifestyle ecommerce player, Myntra, has re-launched its mobile website in a bid to avoid missing out on customers. The move is aimed at first-time web users, who do not use its mobile app. This re-launch comes nine months after the e-retailer went app only. The portal had decided on 15th May, 2015 to […]
- B2B-FMCG-Distribution Platform ShopKirana Raises Funding; Eyes Expansion In 10 Cities Indore-based ShopKirana has raised an undisclosed amount of funding from Samsung’s Atul Jain and Anil Gelra (Hold-chef founder). Former Senior VP of Mondelez, Jaikumar Nair, and few other FMCG veterans also participated in this round. ShopKirana is a B2B M-distribution platform for merchants and small retailers. It was founded in December 2014 by Sumit Ghorawat, Deepak […]
- Paytm Partners With Alibaba To Enter International Market Mobile commerce platform Paytm and Alibaba’s cloud computing arm AliCloud, have entered into a commercial partnership that will allow Paytm to expand its network to global markets. In return, Paytm will give Alipay (Alibaba’s financial arm) access to India’s payments services industry. As per the deal, Paytm will spend about $18 Mn (INR 120 Cr) to […]
- Paytm Launches Paytm Force To Assist Sellers Mobile payment and ecommerce platform, Paytm, has launched Paytm Force to assist and advise small & medium sellers in its growing merchant base. It comprises of over 3,000 experienced and certified ecommerce specialist partners who will offer end-to-end services to merchants including catalogue creation, order fulfillment, account management, returns management and will also resolve their […]
- Paytm Is Testing Cash Based Account Top-Up In Delhi-NCR With an aim to expand its reach, India’s leading mobile commerce firm Paytm has announced that it is working on a platform that will allow its users to add cash into their accounts at retail counters, including kirana stores. This move will help the firm to provide more conveniences to consumers who are regularly shopping […]
- After Vanquishing Indian Market, Paytm Eyes On South-East-Asian Markets Mobile commerce platform Paytm is now getting serious about global expansion. The company, going forward will be launching its operations in Singapore and other South-East-Asian markets which includes Indonesia, Thailand and Malaysia. Started with only offering mobile recharge, the company now provides full marketplace to consumers on its mobile app. After having success on the Indian […]