May 21, 2013

Rocket Internet’s Heavenandhome.com to be merged with Fabfurnish

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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. It was started by Tushar Ahluwalia, Nishrit Shrivastva and Sunnyraj Agarwal under EIR program last year, and was members only premium home and lifestyle products portal. According to the sources, company has gone through a massive layoff recently and has also stopped taking new orders on heavenandhome.com currently. Iamwire tried to … [Read more...]

Are investors smiling at the Smile Group?

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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. However many of them are still unaware of the fact that, they might need few more additional skills over and above passion, intellect, … [Read more...]

Rocket Internet’s Samwer Brothers establish India presence

Rocket Internet

Germany’s Samwer Brothers – Alexander, Oliver and Marc – famous for creating replicas of well-established sites across the world, have turned their attention towards India. They are said to be the money and expertise, behind 3 recent players in the Indian e-tailing space, Jabong, FabFurnish and HeavenandHome. The Samwer Brothers are not new to this business and have created and sold replica sites and companies since the 90’s. In the late 90’s they created Alando, a supposed clone of … [Read more...]

Groupon promoters to launch a new ecommerce venture in India

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E-commerce space in India has been turning hot  with debuts of new business models with  every passing day. Latest to join the ecommerce bandwagon is Rocket Internet, a key promoter behind Groupon International. The company will invest in a new e-commerce website next month. Website will promote retailing of a wide range of Fashion & Lifestyle products showcasing both Indian and International labels. The new venture will be spearheaded by a founding team of three highly experienced and … [Read more...]