Delhi-based Reverse Logistics Company Pvt ltd and its brand GreenDust has raised a Series B round of investment from Vertex Venture Holdings Ltd, a fully owned subsidiary of Temasek.
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India ranks 5th in Global Retail Development Index but where in Global Ecommerce Index? : A report by ATKearney4 Comments
A recent report on Global Retail Expansion by AT Kearney, a Management Consulting firm presents a comparative analysis for potential markets for retail & online retail and their respective challenges.
Hyderabad based Saisanj Retail Private Limited has launched its ecommerce venture called ‘Redlily.com’, positioning it as a high-end shopping destination for kids fashion and lifestyle products.
“We did a 10x growth since January and doing almost 1000 orders a day”, Sridhar Seshadri, CEO, Hushbabies.com2 Comments
Hushbabies which was started in 2009, operating in baby-products and parenting category was acquired by Lapis last year. Recently it has also received investment from Indo US Venture Partners and it has grown from 100 orders per day to 1000 orders per day in six months.
Kankei Group, a customer interaction management company, has launched Tiger Pug aiming to cater the growing content needs of eCommerce and online stores, online marketplace operators, deal and group buying sites.
“Technology is the focus area, as it keeps my headcount cost low”, Gautam Sinha, CTO/Director, Indiatimes & TBSLLeave a Reply
Gautam Sinha heads eCommerce & Technology in Times Group. In his capacity, he leads and drives the technology strategy, vision and execution for all the internet, mobile and telecommunication properties of the group.
Chennai based Hasbro Clothing Company is now aiming for pan-India presence with large scale marketing, promoting their etailing portal basicslife.com.
“Good investors do not take majority stake as they feel, value comes from the founders”, Paul Shoker, Founder, VentureFund.com5 Comments
With global experience of more than two decades across continents, Paul landed up in India in 2005. Feeling the buzz and opportunity he joined the bandwagon by founding BenefitPLUS.
HeavenandHome.com which is backed by Rocket Internet in India under its Westwing Project will now be merging with Fabfurnish.com as per the company official.
With a broad range of hands-on experience founding, funding and supporting early-stage technology companies, Alok Mittal joined Canaan India in March 2006.
Luxury flash sales retailer LuxeYard Inc., California based, has recently announced its expansion plans in India. LuxeYard is a members-only site that sells home decor, furnishings and fashion items.
Online space in India is warming up and gaining traction since past few years with ecommerce as a key growth business vertical. Considering the series of investments in the year 2007 thru year 2011, ecommerce attracted many aspiring entrepreneurs who are now in startup, early or growth stage of their business and trying to raise funds from Indian Angles and VCs.
Springstar GmbH, a Berlin based Incubator has ventured in Global project Juvalia & You, a social selling company currently operating in Germany, Brazil, Russia and now India.
Zovi.com, a fashion etailer has recently disclosed $10 million in funding from Tiger Global & SAIF partners in Series B Round of funding which happened last year.