Reliance plans to expand e-commerce business, will begin selling consumer electronics online from 2015

By about 5 hours ago.

Reliance plans to expand e-commerce business, will begin selling consumer electronics online from 2015

Reliance has begun its efforts to expand its e-commerce stronghold. A report in ET suggests, that RIL (led by Mukesh Ambani) is planning to start selling mobile phones, laptops, televisions and home appliances, apart from grocery sales in Mumbai.  More →
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Xiaomi valued at $45 billion in latest $1 billion funding round: Report

By on December 21, 2014 at 3:45 PM.

Xiaomi valued at $45 billion in latest $1 billion funding round: Report

Chinese smartphone maker Xiaomi is in the process of raising more funds at a valuation of $45 billion. All-Stars Investment, a tech investment fund run by former Morgan Stanley analyst Richard Ji, will be the lead investors in this round, WSJ reports. More →
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Flipkart raises $700 million in third financing round this year, files for converting into a public company

By on December 20, 2014 at 12:27 PM.

Flipkart raises $700 million in third financing round this year, files for converting into a public company

India's e-commerce poster boy Flipkart has managed to raise $700 million in a new funding round. The biggest new investor is Qatar Investment Authority which has picked up a $150 million stake. More →
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Snapdeal sells one Hero Moto Corp bike per minute

By on December 19, 2014 at 4:47 PM.

Snapdeal sells one Hero Moto Corp bike per minute

Snapdeal had tied-up with Hero Moto Corp for selling its two-wheelers on the ecommerce site. Now, just nine days after beginning the sale, Snapdeal has announced that almost 700 bikes were sold in 72 hours, with peak sales reaching one bike sold per minute. More →
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Paytm wants to go global, looks to enter Singapore and South East Asian markets

By on December 19, 2014 at 1:35 PM.

Paytm wants to go global, looks to enter Singapore and South East Asian markets

Indian mobile commerce platform has announced its plans to foray into international markets. Its pilot expansion plans include Singapore and other South East Asian markets. They have even appointed crowd-funding website Milaap's founder Sourabh Sharma to establish their presence in these geographies. More →
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Zomato gears up for Italy launch, acquires local competitor Cibando

By on December 19, 2014 at 11:34 AM.

Zomato gears up for Italy launch, acquires local competitor Cibando

Online restaurant discovery guide Zomato has announced acquisition of Italy's restaurant search service Cibando. The acquired company's useful data will soon be integrated into Zomato, and users from all major cities in Italy will be able to access that information in the next coming months, as the company gears up for launch.   More →
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