May 20, 2013

Indian Music channel 9XM debuts in ecommerce with mezza9x.com, targets youngsters with trendy accessories

February 16, 2012 By 1 Comment
mezza9x.com

After several Bollywood stars, now music channel 9X Music has taken the route of ecommerce and launched mezza9x.com. Currently it showcases 9 categories including merchandises and accessories décor for bar, car, couch, desk, fridge, table and wall. The website seems to be targeting youngsters as most of the showcased products are youngsters centric. While navigating through the website, we have seen merchandise like T-shirts, bags, clocks, stationery and accessories to crockery items such as … [Read more...]

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Online shoe shopping is fast emerging trend, expects to reach 20% of India’s etail industry by 2015

February 16, 2012 By 1 Comment

Online shoe shopping is a significant segment that is fast emerging in terms of footwear sale and currently accounts for about eight per cent of the overall industry and is expected to reach about 20 per cent by 2015. Number of footwear worn by an individual is currently about 2.5 shoes per year, as per a study conducted by the Associated Chambers of Commerce and Industry of India (Assocham). Driven by larger penetration into tier II, III cities and growing rural market various premium footwear … [Read more...]

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After Lenskart, Bagskart & Watchkart, Valyoo forays in to jewellery through Jewelskart

February 16, 2012 By Leave a Comment
jewelskart_new_logo2

Delhi based Valyoo Technologies, which runs websites like Lenskart.com, Watchkart.com and Bagskart.com, has further expanded their product portfolio by launching jewelskart.com, a dedicated portal for fashion jewellery. At present it offers three categories Gold jewellery, Silver jewellery and jewellery across 7 different brands. It showcases 170 products in Gold jewellery category along with 182 products under Silver jewellery head. Apart from women’s jewellery, Jewelskart.com also offers … [Read more...]

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India is the second top buyer market for lingerie & negligee: Alibaba.com

February 15, 2012 By 2 Comments
alibaba

With Valentine’s Day celebrations marked across the globe with same fervour, India has emerged as the second top buyer market for lingerie and negligee on Alibaba.com portal, based on the total number of inquiries received from buyers.  As on December 2011, Alibaba.com’s site analytics showed that India has emerged as a prominent buyer market, with the second highest number of search inquiries for sexy lingerie and negligee on the site. Speaking about the growing demand for lingerie by … [Read more...]

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Flipkart is all set to roll out its digital media store with name ‘Flyte’

February 15, 2012 By Leave a Comment

Flipkart's Digital Media store may come up with name Flyte and get live soon, reports woikr.com. According to woikr.com they have found “Flyte Digital Store” as a separate category live around 8pm IST. However, we did not find this live on Flipkart at the time of writing this post and it seems Flipkart is in final testing stage to roll out its digital distribution business. In 2011, Flipkart has acquired the digital catalogue of Chakpak.com, a Bangalore based Bollywood content provide and … [Read more...]

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Babyoye grew 100Xs in 13 months, 50 to 60 % orders originate from top 8 cities

February 14, 2012 By Leave a Comment
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Babyoye, a Mumbai based online retailer of  babycare products has registered more than 100x growth since its inception in December 2010, the growth encompasses number of consumers and sales . It has been registering fair amount of traction across categories with diapers, Feeding & Nursing leading the show. Speaking about the growth of babyoye.com , Sanjay Nadkari, CEO & Co Founder said “we have identified the good appetite for ecommerce in last one year where consumers are opting to … [Read more...]

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Amazon’s junglee.com versus Indian e-tailers, will it hurt?

February 13, 2012 By Leave a Comment
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Amazon.com has made an entry into the Indian market last week with Junglee.com, an online shopping site bought by Amazon a few years before. The likely reason for US retailer opting for the Junglee route due to is foreign direct investment restrictions in the multi-brand retail category in India. Amazon enters India at a time when Indians are shopping online growing through popular outlets like Flipkart, Naaptol, Bookmyshow, Myntra, Homeshop18 and travel portal MakeMyTrip. Amazon made it … [Read more...]

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Kid’s apparel e-tailer Mangostreet sees significant growth, 80 % transactions are plastic card enabled

February 13, 2012 By 1 Comment
mangostreet

Mangostreet.com, a Delhi based kid’s apparel e-tailer which started its operation January this year has been registering significant growth of business since its beta launch. Currently, it closes 30 to 40 transactions everyday with traffic ranging from 2500 to 3000 on the website. Mangostreet offers branded fashion clothing collection for kids (Boys & Girls) including school uniforms, shoes and accessories. Speaking exclusively to iamwire, Mohit Yadav, Founder & CEO, Mangostreet said … [Read more...]

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Betting high on e-tailers IDG Venture with SAIF Partners pumped $14Mn in First Cry

February 12, 2012 By Leave a Comment
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Unfazed by all clamours about so called bubble in Indian online retail space, investors are playing big bets over e-tailers across different categories. In yet an another testimonial for strong reason - why Investment community believes ecommerce in India is to stay and stay real? - IDG Ventures India along with SAIF Partners have invested hefty $14mn (Rs 68 crore) into e-commerce venture BrainBees Solutions, that runs baby-care centric online store First Cry. The detail of the deal is not … [Read more...]

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Why e-tailing in India has to stay and stay live & real?

February 11, 2012 By 4 Comments

Indian e-tailing industry has undergone a sea change over the past two years. We have witnessed the appetite of Indians buyers online along with unprecedented interest of investors for this medium. However, recent events – ‘Letsbuy’ acquisition by Flipkart and ‘exclusively.in’ up for sale have been frowned and lambasted by thought leaders of the industry. In our view the so called “marriage of inconvenience” (as it has been referred to by some thought leaders) of Flipkart with … [Read more...]

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Exclusive: Walmart appoints Gunaranjan Pemmaraju to head Walmart Labs in India

February 10, 2012 By Leave a Comment

Ecommerce in India is expanding and becoming more and more interesting as the international players making head ways towards its growing market. In one of the recent announcement Walmart Labs in India has appointed Gunaranjan Pemmaraju  of Amazon.com to head its upcoming technology center in the country. “Today, I’m delighted and excited to welcome the newest member of the Labs India team, who will also be its leader Gunaranjan Pemmaraju”,  states the Walmart’s blogpost  written by … [Read more...]

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Exclusively.in up for sale, sacks employees in bulk

February 10, 2012 By Leave a Comment

The ecommerce in India is witnessing a vast change as acquisition and funding seem to be doing rounds. Soon after Flipkart acquisition on electronic retailer LetsBuy, there is a report of Exclusively.in looking for a buyer for their site. According to TOI, Exclusively.in, backed by the investors like Accel partners, Tiger Global and Helion Venture, has sacked several employees and is up for sale. "Currently we are running Exclusively.in but we are focusing on our private label business which … [Read more...]

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With USD 20 Mn raised fund Myntra targets INR 500 Cr revenue within a year

February 9, 2012 By Leave a Comment
Myntra Logo New

Myntra.com, one of the leading e-tailer of fashion and lifestyle products in India which has reportedly raised $ 20 million today from Tiger Global is aiming the revenue of Rs 500 crores in the financial year 2012- 2013. The company which entered the lifestyle and fashion retailing segment in December 2010 has registered a 10x growth in 2011 and it has been exclusively covered by iamwire in January this year. Mukesh Bansal, Founder & CEO, myntra.com said, “Myntra has undergone phenomenal … [Read more...]

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Myntra.com raises $20Mn to plunge into new categories

February 9, 2012 By 1 Comment
myntra

Fashion and lifestyle e-retailer Myntra.com has raised $20Mn in its third round of funding led by Tiger Global, reports Pluggdin. The funds will be used to build its logistics service and expand into new categories. Iamwire tried to make contact with CEO’s of myntra over the phone for more details on the funding, however, we did not yield any response till the time of writing this post. Myntra was founded in 2007 headquartered in Bangalore with regional offices in New Delhi, Mumbai and … [Read more...]

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Updated: Flipkart acquired letsbuy.com

February 9, 2012 By Leave a Comment

Riding high on recently raised fund, India’s leading e-tailer flipkart.com has acquired letsbuy.com, a leading online store primarily deals in electronic, computers and mobile phones. Flipkart has confirmed the report of acquisition in an official statement of the company via an email to iamwire.com. Speaking about the acquisition, Flipkart’s co-founder and CEO Sachin Bansal said, “This acquisition fits into our strategy of building dominant shares in all categories we operate in. We are … [Read more...]

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Exclusive: Aditya Birla Group takes a leap into e-tailing with its venture moremegabuys.com

February 8, 2012 By Leave a Comment
More logo

More, an arm of Aditya Birla Group has made its online debut with its portal www.moremegabuys.com. At present it deals in 32 departments with electronics, accessories, and home appliances as its spine. Moremegabuys.com showcases 42 major brands including Acer, Canon, HP, LG, Espon, Samsung, Olypus, Onida, Usha and Dell along with several others. The online move of more can be viewed as big leap into the online channel as today’s e-commerce market in India is already experiencing slew of new … [Read more...]

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Exclusive: Rahul Sethi’s ladyblush.com, a marketplace for women goes live

February 7, 2012 By 4 Comments
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Ladyblush.com, a marketplace dedicated to women led by Rahul Sethi, erstwhile President, tradus.in has unveiled its beta website to all and sundry. At present, it is an invitation based marketplace platform wherein shoppers have to register for transactions. The founding team consists of Rahul Sethi, Suneet Manchanda and Nagarjun Shrivastava. Currently it offers around 2500 products across categories like cosmetic (1556), fragrance (192), lingerie (198), saree (304) and jewellery & watches … [Read more...]

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“India is a priority market for Alibaba with registered users’ growth rate of 53% year on year”- Nayan Thakkar, Sales & Services Operations Manager, Alibaba.com India

February 7, 2012 By Leave a Comment
Nayan Thakkar - Sales & Services Operations Manager, Alibaba.com India

With more than 40,000 Indian SMEs registering on Alibaba every month, India has become a priority market for Alibaba with over 2.4 million registered users as of September 30, 2011. In Asia, India has the highest users clinching deals on Alibaba’s international English-language marketplace. They have expressed no limits for investment in India and they will continue to make more joint ventures to penetrate Indian SME market. However, Alibaba is primarily focusing on four countries China, US, … [Read more...]

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Internet Retail Expo 2012 successfully concludes with more than 350 participants each day

February 6, 2012 By 2 Comments
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The year 2012 has begun with a bang for the Indian e-com market, as the industry buzzing with growing activity. Internet Retail Expo 2012, the 3rd edition of India’s Premier Online Retail Event adding dynamism to it scanned the various aspects of online retail business and brought experts from retail, social media and mobile, at one stage to share insights on the role of recommendations and reviews in growing the retail business in India. K Vaitheeswaran founder & CEO of Indiaplaza.com … [Read more...]

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Retailers listed on junglee.com registers unprecedented upsurge in traffic, reports 20 to 50 % hike

February 6, 2012 By 1 Comment

With the launch of junglee.com, a marketplace led by numero uno global e-tailer Amazon, retailers listed on it are witnessing an upsurge of 20 to 50 percent of traffic on their websites routed from Junglee. Amazon has rolled out junglee.com, a marketplace platform on February 2, 2012. On the condition of anonymity one of the retailers listed on Junglee said “prior to getting listed on junglee.com my website used to register 800 to 1000 visits on everyday basis, however, in last four days it … [Read more...]

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