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Home design startup Livspace raises Rs 100 crore from existing investors

Online home design start-up Livspace, which is run by Home Interior Designs E-commerce Pvt. Ltd, has raised Rs.100 crore from existing investors Bessemer Venture Partners, Jungle Ventures and Helion Venture Partners. Other existing investors Jungle Ventures and Helion Ventures...

MobiKwik raises US$ 40 million from Net1

Gurugram-based digital wallet start-up MobiKwik has raised US$40 million (nearly Rs 270 crore) from Net1, a South African payments technology entity specialising in developing solutions for the unbanked in developing nations. Net1 is listed on Nasdaq, the American stock exchange,...

MobiKwik pivots business strategy; targets profits by April 2018

Gurugram-based mobile payments network MobiKwik aims to become profitable by April 2018, as it pivots its business strategy to increase presence in the offline space, a senior company official said. "We expect to become profitable by 2018 and continue to...

Annualised GMV for e-commerce firms in India dips 10 pc in Q2

Annualised GMV for e-commerce companies in India fell 5-10 per cent in the second quarter of 2016 to US$13 billion, impacted by fewer discounts by players like Flipkart and Snapdeal, research firm RedSeer said. "While there was a strong growth...

Myntra clocks $1 bn annual GMV run rate in July

Leading e-commerce platform for fashion and lifestyle products Myntra today said ithas crossed $1billion run rate in annualized GMV post discounts in July this year. "This is the first time ever that an Indian fashion brand has recorded $1...

Snapdeal shuts Exclusively.com, integrates it within itself

E-commerce major Snapdeal has completed the integration of Exclusively, a marketplace for premium branded fashion and lifestyle products, within itself. With the integration, the entire catalogue of Exclusively.com, including fashion and lifestyle products, footwear, and accessories will now be available on Snapdeal...

Myntra buys majority stake in Hrithik Roshan’s sportswear brand HRX

Leading e-tailer Flipkart's fashion and lifestyle products' subsidiary Myntra on Friday announced that it has acquired a majority stake in HRX, the active lifestyle brand co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment. This move is a bid to...

Myntra adds two international brands on its platform

Myntra recently announced the launch of two leading international lifestyle and fashion brands - TOMS and Meters/bonwe - on its platform. With this, Myntra is now home to over 30 plus global brands. “Myntra customer base is dominated by mass-premium,...

Day 1 of Great Indian Sale becomes the biggest day ever for Amazon India

The first day of Amazon India "Great Indian Sale" creates history in terms of number of products sold on the platform. The company said in a statement that Amazon India saw "the first 100K units sold at midnight" just...

Sale Storm: E-commerce firms restart sales post new FDI norms

Major Indian e-tailers like Amazon and Myntra have restarted sale events post the new FDI norms, mostly betting big on the fashion category...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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