Chinese ecommerce giant Alibaba, Taiwanese electronics manufacturer Foxconn, and Japanese major telco SoftBank are among its backers.
Get the skinny on the startups that raised funds in India today.
Between Paytm and Snapdeal - along with its subsidiary FreeCharge - Alibaba now has a finger in the major mobile commerce players in this mobile-first market.
A week ago, word was out that Flipkart raised $700M. Now, another homegrown rival, Snapdeal, gets a booster shot to battle Amazon.
A commission-free platform would mean better profit margins for sellers. Buyers get a more reasonable price.
Alok Goel was leading both RedBus and FreeCharge when they got acquired. He will now lead VC firm SAIF Partners in India.
Zenatix’s backers include bigwigs like Google’s southeast Asia head Rajan Anandan, Snapdeal founders, and former UTC head Zubin Irani.
The investments, acquisitions, and partnerships are meant to digitally facilitate its buyers and sellers, as well as strengthen its logistics capabilities.
Even though Snapdeal eyes the mobile commerce space, it has no plans of following Myntra and forcing shoppers to use only its app.
Ecommerce marketplace Snapdeal acquires mobile top-up site FreeCharge to create a mobile user base of 40 million, which they want to increase ten-fold in a few ...
Xiaomi’s India boss, Manu Kumar Jain, today announced new ways for Indian consumers to buy its smartphones or tablets, including via Amazon.
Snapdeal acquired RupeePower, which will be integrated into Snapdeal’s newly launched financial services marketplace.
India’s cities are connected by flights. And it has a huge train network spread wide. Yet it was next to impossible to figure out the best way to get to most vi...
The huge growth potential of tech startups as vast swathes of Indians get online is persuading Japanese investors to overcome their instinctive reluctance to en...
More disposable income is increasing the demand for luxury products in India, but access to luxury brands is limited. Snapdeal wants to change that equation.
Ecommerce companies in India are now in a race not just get more and more consumers but also to amass new tech tools that will give them an edge in the competit...