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Snapdeal joins its rivals: Plans to disburse loans to sellers

With the peak festival close on heels, Snapdeal has also announced its plans to disburse collateral free loans worth Rs 1000 crores for its sellers to enable them to stock up for the Diwali spike. The festive season loans would...

Snapdeal launches its own Cloud platform

Online marketplace Snapdeal on Thursday launched its private cloud platform named "Snapdeal Cirrus" which is built entirely on open source. Touted as a true hybrid Cloud, Snapdeal Cirrus expands seamlessly to public and allow various applications to be dynamically assigned...

E-commerce companies ask to be exempted from GST

India's e-commerce companies on Tuesday met the empowered committee of state finance ministers and asked that they be kept out the ambit of the proposed Goods and Services Tax (GST). However, the state finance ministers committee did not appear to be in a mood...

Will e-commerce companies be exempted from GST?

The rapidly expanding e-commerce companies have made a strong case for keeping them out of the proposed GST net but the state finance ministers appeared in no mood to oblige. According to a PTI report: At the first meeting of...

Snapdeal takes on Amazon Prime, Flipkart Assured with 'Snapdeal Gold'

Online marketplace Snapdeal recently announced the launch of premium service, Snapdeal Gold to take on its rival Flipkart's Assured and Amazon's Prime services. While Amazon Prime, the membership programme of Amazon, has been launched for an initial price of Rs.499, Snapdeal Gold’s services are free of cost for its customers. Under the services, Snapdeal will offer its customers free shipping, free upgrade to next-day-delivery and extended 14-days return period on their orders. On the other hand, under Flipkart Assured, goods undergo a six level quality check and the company aims to offer large part deliveries to be done within two to four days. “Our team met over 10,000 customers across the country to identify the key services they desire from...

Ranjan Kant, Chief Marketing Officer, Jabong

Ranjan Kant, Chief Marketing Officer, Jabong Jabong has hired Ranjan Kant as its Chief Marketing Officer. Kant was earlier employed with Snapdeal as Head of Strategy. After spending seven years at The Boston Consulting Group, which he joined in 2006 (mostly in Retail, Technology,...

Amazon first in festive season discount battlefield with Onam store

With festive season around the corner, e-commerce players in India are gearing up to make most of the festivities- which kicks off in August and goes with Onam, the Malayali harvest festival, in early September, and peaks during Diwali,...

Crownit secures funding from FreeCharge, Freshdesk founders

Gurgaon based Crownit, the local merchant discovery and privileges platform, recently announced that the company has secured undisclosed amount of funding from the founders of some leading tech companies. FreeCharge founders Kunal Shah and Sandeep Tandon, Freshdesk founder Girish Mathrubootham...

Snapdeal secures Rs 140 crore from Luxembourg’s Clouse SA

Jasper Infotech Pvt. Ltd, which runs e-commerce firm Snapdeal, has reportedly received a top up of Rs 140 crore($21 million) as part of its previously announced funding round from Luxembourg-based firm Clouse SA. In February this year, Snapdeal announced it...

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...
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