Penetration of Internet In rural India has seen a significant growth from 2.6 percent in 2010 to 4.6 percent in 2012 in terms of claimed Internet users and 2.13 percent in 2010 to 3.7 percent in 2012 in the case of active internet users according to a recent I-Cube report on Internet in Rural India by Internet and Mobile association of India (IAMAI) and IMRB.
Archive by month August
Fashionandyou.com, online fashion and lifestyle E-commerce Company has acquired Urbantouch.com in a cash plus stock deal (approx US $30 million).
Rock.in, etailer of Indian & international branded apparels, which is operational since 8 weeks has disclosed its series A funding from Partech International, a venture capital firm based in France & Silicon Valley and 3 angels which are retail families of Europe.
One of the major Indian Online retailers, Flipkart has raised another round of Series D funding of $ 150 million from two new Investors; South African media group Nasper and California based Iconiq capital besides involvement by existing investors Tiger Global and Accel Partners, according to the report by TimesofIndia.
Global Venture Capital firm Accel partners have once again backed up an Indian e-commerce player ‘Bookmyshow’ by investing a capital worth INR 100 crore (US $18 million), according to distinguished media reports.
Recently launched UrbanLadder.com, led by Ashish Goel, (ex –McKinsey, ex-COO of ACK Media); and Rajiv Srivatsa (ex-Yahoo) announced that the company has raised $1 Million in funding led by IndoUS Venture Partners.
With the growing market for online fashion and lifestyle products in India, Pearl Academy of Fashion is looking to contribute to the rising demands for skilled professionals for this industry with their dedicated course for e-Retail focusing on Lifestyle Products and categories.
Ecommerce is the way future of shopping is going to be. A Forrester reports (Forrester research : US online retail sales, 2008-2013) that by next year close to $230 billion worth of stuff will be sold through 2013 in US alone (not including travel, auto).
With a turnover of INR 150 Crore in 2010-11 Leayan Global now looks to attract consumers online too under ‘Redchief.in’Leave a Reply
Leayan Global Private Limited which comes under RSPL Group and in Indian Leather industry since 1995 with their brand ‘Red Chief’ is now all convinced to create a consumer base online with Redchief.in
With a key strength in global sourcing model and knowledge of leather industry, online journey for Red Chief was faced with several questions, whether to do it in-house or outsource?