May 24, 2013

IAMAI Releases Internet economy watch report; Branded apparels register 100% Y-o-Y growth with over 5 million visits

May 30, 2012 By 4 Comments
IAMAI

The Internet and Mobile Association of India (IAMAI) has released industry data based on absolute numbers collected from various companies. According to the ‘Internet Economy Watch’ data released today, there is a huge spurt in e-tailing of branded apparels with sites registering 5 million visits in the month of April, this year as compared to 2.54 million visits in April 2011, followed by Footwear, Designer Labels, Jewellery and Spa/Restaurant. The data for these categories has been … [Read more...]

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Former CEO of Reliance Trends launches Fashionara.Com, offers express shipments

May 30, 2012 By 2 Comments
Fashionara

Arun Sirdeshmukh, Former CEO of Reliance Trends has launched Fashionara.com, an etailer of premium and luxury fashion brands selling apparels, footwear and accessories. The move follows the spate of recent launches in the fashion and lifestyle etailing space, such as Shopnineteen, Outletwise, Rock.In etc. Fashionara.com comes at a time when this sector in India, while still at the growth stage, is showing immense potential with growing internet penetration and the availability of fashion brands … [Read more...]

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Wego, a Travel Metasearch Engine Launches its Indian Avatar

May 30, 2012 By Leave a Comment
Wego

Wego, an Asia-Pacific specific travel meta-search site has officially launched its India operations with the site, www.wego.co.in. The site enables Indians traveling both domestically and overseas to compare the price and availability of flights and hotels across hundreds of different travel sites simultaneously. Speaking on the occasion, Jackson Fernandez, GM, Wego India, said, “Wego has seen very strong growth in the last year as India’s travellers have looked for better hotel rates and … [Read more...]

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Letsbuy Closes Shop: Redirects Traffic to Category Pages on Flipkart

May 29, 2012 By Leave a Comment
FlipkartLetsbuy

Letsbuy.Com, a multi-category etailer, has been closed, with the traffic being redirected to specific category pages on Flipkart. The company was acquired by Flipkart in the first half of this year for an undisclosed amount. The move forms a part of a 2-step integration strategy by Flipkart where, they first began with integrating the checkout process on Letsbuy and have now closed the site by redirecting traffic to Flipkart.Com. Generally the most difficult part in acquiring a company is … [Read more...]

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Rock.in goes live in beta, exclusively sells multiple global fashion brands in India

May 28, 2012 By 3 Comments
Rockin-nw

Led by UK based Indian Professional Suraj Sharma as CEO and Aashish Puri as Co-Founder, fashion portal rock.in went live in beta. It catalogs global and Indian collections of apparels and accessories  for women, men and kids and would soon be extending to homeware category too. The co-founders seem to be utilizing their strong sourcing linkages with fashion brands all over the world and offer a lot of international brands such as Fever London, DKNY, Just Cavalli, La Redoute etc.  The … [Read more...]

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Mahesh Bhupathi up for ecommerce rACE

May 25, 2012 By 2 Comments
MaheshBhupati

Tennis star Mahesh Bhupathi launches ecommerce portal selling sports equipment and accessories, looking to bring on table his expertise and networks in the sports and fitness industry as a Director of the Company. The other Co-Founders includes Vishal Gupta and Chandra Sekhar. The registered company LiveSports365 e-Retail Pvt Ltd is based out of Bangalore. The business is led by Vishal Gupta as CEO of the company, who has also worked with Larsen &Toubro, Sasken and Telsima, Sloka … [Read more...]

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OutletWise.Com, a high-end fashion and lifestyle e-tailer launches its beta version; aims to capture a significant share of the high-end luxury products market

May 24, 2012 By 1 Comment
outletwise

Mumbai-based Outletwise.Com, a platform for Hi-End Fashion and Lifestyle E-Commerce  launched its beta version in the last week of March 2012 and has since then been experiencing steady rise in traffic and revenues. The site enables Designers, Stores and Brands and builds and manages their own online store and caters to the premium segment of the market across all fashion and lifestyle needs, which include products for Women, Men, Kids and Home. The site currently has over 25 stores with … [Read more...]

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“We did over Rs.50 Crores in Revenues, with 60% coming from the top-8 cities; Demand in Tier-II and III cities driven by lack of accessability” – Mithun Sacheti, Founder & CEO, CaratLane.Com

May 24, 2012 By Leave a Comment
CaratLane

Realizing the huge potential of online retail in India and using his background/experience in jewellery and diamonds, Mithun Sacheti laid the blueprint for CaratLane.com. His vision of selling solitaires and diamond jewellery over the internet was shared by a man whose expertise lay in a complementing area. With Srinivasa Gopalan, Mithun started CaratLane.com in 2007, with the site going live in 2008. From then, it’s been a journey of crossing milestone after milestone! Iamwire interacted with … [Read more...]

Filed Under: Ecommerce, Interviews Tagged With: ,

Quikr attracts US$32 Mn investment

May 22, 2012 By 1 Comment
Quikr

Quikr, the internet and mobile based classifieds company, today announced that its parent company has attracted an investment of US$32 million led by Warburg Pincus, a global private equity firm focused on growth investing. Existing investors Matrix Partners India, Norwest Venture Partners and eBay Inc. also participated in this round of fund raising, which is the fifth and the largest round of capital raised. Commenting on the development, Pranay Chulet, Co-Founder and CEO, Quikr said that … [Read more...]

Filed Under: Internet, News Tagged With: , , ,

Healthkart.com acquires MadeinHealth.com for healthcare ecom business synergy; CoFounders acquired by Yebhi.com

May 21, 2012 By Leave a Comment
Healthkart

Healthkart an e-health store, has acquired MadeInHealth (www.madeinhealth.com), an online fitness and body-building community and supplement store. With the acquisition, Healthkart aims to strengthen its position in the e-health space, and seeks to boost its presence in e-Commerce market, which is expected to grow several fold over the next few years. Expressing their delight on the acquisition, Prashant Tandon & Sameer Maheshwari, Co-founders of HealthKart said,"MadeInHealth is a … [Read more...]

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ReTechCon, RAI’s Technology Conference comes to a Close; Multi-Channel Retail and Evolving Technology will follow Consumer Preferences – Panel of Speakers

May 19, 2012 By Leave a Comment
ReTechCon

ReTechCon 2012, RAI’s Technology Conference came to a close yesterday with over 750 delegates attending the event that had more 50 speakers and panellists over 20 well-placed sessions. ReTechCon is an annual event organised by RAI to promote technology – its uses and advancements – for retailers. This year’s event was held at the Bombay Exhibition Center in Mumbai on the 17th and 18th of May. Speaking with Iamwire, Kumar Rajagopalan, CEO of RAI, said, “The purpose behind … [Read more...]

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Industry Leaders launch Venture Fund, an online platform for Start-ups and Angel Investors; Raise Funds of over $100 Million for Investments

May 19, 2012 By Leave a Comment
VentureFund

VentureFund.com today launched a global online platform for great ideas and start up communities connecting entrepreneurs to investors. The founding team members include Lord Alli, Co Founder & Chairman of www.asos.com; Ashok Kurien, Founder and Board Director of Zee TV, Sun TV and Playwin and Rajan Anandan one of India's most active angel investor. Speaking with the press, Paul Shoker, Vice-Chairman, VentureFund.Com, said, “VentureFund.com’s primary objective is to educate, … [Read more...]

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New Delhi-based Carzonrent acquires Qcabs; Aims to expand service portfolio and reach

May 18, 2012 By Leave a Comment
CarzoneRent

New Delhi-based Carzonrent, has acquired qcabs, an online car rental service aggregator, for an undisclosed sum. Post the acquisition, the qcabs team will work closely with Carzonrent to integrate the technology and processes and prepare a clear roadmap for the future. Carzonrent operates in the personal ground transportation industry, with presence in the Radio Taxi space through its brand Easy Cabs as well as corporate leasing, while qcabs is an online care rental service aggregator … [Read more...]

Filed Under: Internet, News Tagged With: , ,

“We have been successful in commanding a large market share in the space with over 1.5 million users per month growing at a 15% – 20% CAGR,” – Shailen Amin, CEO, beStylish.Com

May 14, 2012 By Leave a Comment
Shailen-Amin

beStylish.com kicked off operations in May 2011 under the umbrella of the Smile Group, with Harish Bahl (CEO) and the support of Abhishek Lal (Director Merchandise) and VSSK Prasad (co-founder and Director Wholesale & B2B). Backed by heavy-duty expertise in the footwear industry as well as the retail market, the company started with a motto of changing the way people dress their feet and an ambitious vision of creating India’s largest online shoe portal. With a full year of operations … [Read more...]

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Changemytyre.com launched as India’s first online tyre only store inaugrated by John Sculley

May 12, 2012 By 2 Comments
ChangeMytyre

ChangeMyTyre.com, India’s first online tyre store is launched by Web Auto Resources Pvt Ltd and inaugurated in Gurgaon by Mr. John Sculley, Managing Partner of Inflexionpoint Acquisition Corporation, Ex CEO of Pepsi and Ex CEO of Apple. The company will sell Tyres online with deliveries across all major cities in India. Company will cater to the demands for Passenger Car Radials to start with, later to expand product range. It is currently selling 13 Brands for several top notch … [Read more...]

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Italian Footwear & Accessories Brand Salt ‘n’ Pepper enters India via ecommerce route

May 11, 2012 By Leave a Comment
Salt&Pepper

Recognizing the market demand for trendy and designer leather products in India, Italian designer Footwear & Accessories brand Salt ‘n’ Pepper has today announced its foray into the Indian market via ecommerce route launching saltnpepper.com Salt ‘n’ Pepper will showcase their brand over leather products in terms of style, trends, colours and designs by offering trendy urban products for men, women and kids. The company is confident that their uniquely designed products will … [Read more...]

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Yebhi acquires Fashion Jewellery etailer StylishYou.In for over $1 Million in cash-and-equity deal

May 11, 2012 By 1 Comment
Yebhi

Fashion etailer Yebhi has expanded its reach and presence in the fashion jewellery space with the acquisition of StylishYou.In for over $1 million, in a cash-and-equity swap deal. As part of the deal, Shraddha Danani will join the Yebhi team, along with the merchandising team of StylishYou to focus on building the jewellery etailing business of Yebhi. Speaking with the press, Shraddha said, "I am excited to have joined the team and I look forward to an interesting journey with the basic … [Read more...]

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Cbazaar raises $3.5 million Series A Funding from Inventus Capital Partners and Ojas Venture Partners

May 10, 2012 By 1 Comment
CBazaar

Cbazaar, an etailer of Indian ethnic wear and accessories has raised Series A funding of US $3.5 million from Inventus Capital Partners  and Ojas Venture Partners. As part of this financing round, Samir Kumar, MD, Inventus Advisory Services and Pavan Krishnamurthy, Partner from Ojas will join aboard. This investment will enable Cbazaar to establish a unique brand position and capitalize on the rapidly emerging opportunities in the online domain. Commenting on the fund raising Mr. Rajesh … [Read more...]

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Inkfruit.Com Looks to Raise $10 million from International PE Players; Plans to Expand Capacity & Brand Visibility

May 9, 2012 By Leave a Comment
Inkfruit

Mumbai-based Finger Prints Fashions Pvt. Ltd. is looking for investments of upto $10 million for its fashion e-tailing brand, Inkfruit.com. After establishing Inkfruit.com as a niche player in the fashion and lifestyle etailing space with a brand that is easily identifiable and recognized among youth, the company is looking to expand capabilities and reach out to a larger audience. This will be the company’s second large investment in as many years, after receiving $5 million from SAIF … [Read more...]

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Snapdeal Launches Sports Category; Utilises eSportsBuy’s Strong Network of Suppliers

May 8, 2012 By Leave a Comment
Snapdeal

Snapdeal, one of the larger players in the Indian e-commerce space has launched the Sports & Hobbies Category. The company sells a wide range of goods across various categories such as watches, fashion, mobiles, electronics, jewellery etc. The launch of this category will further increase the assortment on the platform and offer a wide range of sports products and fitness equipments across brands. The category currently features products across Cricket, Tennis, Squash, Badminton, … [Read more...]

Filed Under: Ecommerce, News Tagged With: ,
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