Snapdeal Archives - Inside Retail Asia

FirstCry talking with potential investors

FirstCry is talking with potential investors, including Singapore’s Temasek Holdings, to raise equity financing of about US$100 million.

Indian e-commerce boom looms

An Indian e-commerce boom is imminent thanks to burgeoning numbers of internet and smartphone users.

Kribha Handicrafts cuts back Craftsvilla staff

Kribha Handicrafts, which owns online ethnic marketplace Craftsvilla, has reportedly fired nearly 100 employees.

Amazon India proposes $500m food venture

Amazon India wants to invest US$500 million in a wholly owned venture so it can sell local food items.

LeEco India ready to roll out 1000 stores

Chinese tech firm LeEco India plans to open 1000 outlets across the subcontinent by the end of this year.

New lifeline for sagging Rocket Internet fashion sites

Investors have injected US$339 million lifeline into GFG, which owns the struggling Rocket Internet fashion websites.

Sevenfold growth forecast for Indian eCommerce

The Indian eCommerce industry is expected to burgeon in the next four years, according to a report co-authored by Deloitte Touche Tohmatsu India.

India eCommerce to lead BRICs

India – not China – is set to become the fastest growing B2C eCommerce market of the BRIC countries in the next five years. A new publication by Germany-based secondary market research expert India B2C eCommerce Market 2015 also reveals the main challenges faced by online retail in this country, including underdeveloped logistics and low credit card penetration. The rapid growth of B2C eCommerce in India is driven by a combination of its vast population, increasing internet pen…

Cash injection for Indian startup

Indian eCommerce startup ShopClues has had a US$100 million funding injection from private investors after spurning takeover bids from rival e-tailers. Founded in Silicon Valley, California in July 2011 describes itself as India’s first fully managed marketplace that connects buyers and sellers online and offering a trusted and safe online shopping experience. The latest funding round was led by Tiger Global and includes existing private equity investors, with ShopClues’ ow…

Alibaba a key to India’s eCommerce future

Jack Ma, founder and chairman of the Alibaba Group and the richest person in China, has indicated that Alibaba is looking to invest more in India as it continues to expand its services,writes India Briefing. The company’s recent IPO in September raised a massive US $25 billion; funds which could be used for it to expand its operations further outside of China. Ma last week concluded a visit to India as part of a Chinese business delegation and said he was looking to, “work with Indian …

Alibaba to conquer India

Chinese e-commerce giant Alibaba is reported in talks with Snapdeal to enter India. A source knowledgeable with the matter said Alibaba considers India a huge opportunity and the best way to enter the market is via a partnership with Indian marketplace Snapdeal. Snapdeal is currently raising funding worth as much as US$500 million. The marketplace has already raised a total of $233 million from two rounds of funding from investors including eBay. Japan’s Softbank has also reportedly …

Amazon ups ante in India

American e-commerce giant Amazon is beefing up its competitiveness in India’s online retail market. Amazon will open five new fulfillment centres in Delhi, Chennai, Jaipur, Tauru and Ahmedabad, adding to its existing ones in Mumbai and Bangalore. The Chennai centre is already operational while the remaining four will begin operation next month. The new centres will enable many more SMEs expand their online business and benefit online shoppers through faster delivery and greater availabi…