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RECOMMERCE MARKET
Vingo raises Rs 10 crore seed funding to build India’s pre-owned goods marketplaceWith an impressive ten crore rupees secured in seed funding, Vingo is set to revolutionize its pre-owned goods marketplace. Focused on esta...- Refurbished electronics go mainstream as organised retailers expand beyond value buyersIndia's refurbished electronics market is growing rapidly with organized players. Stronger quality standards and warranties are attracting ...
- Mid-year ecommerce sales set the stage for upcoming festive seasonAmazon began its 10th Prime Day sale on July 4 this year, which was on till July 6. Flipkart’s GOAT sale started on July 4 and is to last t...
- Refurbished electronics firm Grest secures strategic FDI from Japan’s ICMGGrest, a refurbished electronics company, has received investment from Japan's ICMG. This marks a significant early-stage cross-border inve...
- Flipkart expands Hemant Badri’s role to drive AI agendaFlipkart is appointing Hemant Badri to lead its AI initiatives, focusing on identifying and operationalising AI uses across the company. Th...
- Quick commerce to hike festive workforce by up to 60%Quick-commerce firms in India plan to increase temporary staff by up to 60% for the festive season. Redseer estimates quick commerce delive...
- Ecommerce companies go big on gig hiring for festive playE-commerce giants Amazon and Flipkart are driving a three-year high in seasonal hiring this festive season, creating half a million jobs. F...
- Recycling startup RecommerceX raises $3.6 million in round led by Accel, Kae CapitalThe chemical recycling and sustainability startup will use the funds to expand the team, develop tech platform, push R&D for advanced mater...
- Cleartrip appoints Anuj Rathi as chief business and growth officerAnuj Rathi has been appointed as the chief business and growth officer of Cleartrip, Flipkart's travel booking unit, replacing Ayyappan R. ...
- Prathyusha Agarwal to head Flipkart's ShopsyPrathyusha Agarwal has joined Flipkart as vice president (VP) and head of Shopsy, a spokesperson for the firm confirmed to ET. She was prev...
- Zoomcar brings on board Flipkart's Adarsh Menon as presidentIn his new role, Adarsh Menon will be responsible for growth, operations, and customer experience at Zoomcar. Menon, who has more than 22 y...
- US-based online retailer Poshmark will delist from public markets: CEO Manish ChandraPoshmark was acquired by Naver Corp for $1.6 billion - which includes consideration for Poshmark's cash holdings, and the enterprise value ...
- South Korea's Naver to acquire US fashion social commerce Poshmark for $1.6 billionPoshmark is the largest fashion consumer-to-consumer platform in North America, with 80 million registered users led by Millenial and Gen Z...
- High smartphone prices fuel demand for refurbished smartphonesCounterpoint Research estimates growth for the refurbished phones market to grow 13% on year this year, compared with 25% in 2021. The rese...
- Flipkart group acquires electronics recommerce platform Yaantra for $40 millionWith the acquisition of Yaantra, Flipkart said it will give the company greater access to affordable refurbished smartphones.
- Second hand, refurbished smartphone market recovers from Covid blues, but supply challenges a dampenerIn fact, the demand for tablets has improved in the month of May and even surpassed January levels after witnessing a decline in the months...
- Cashify records 40% growth in mobile buyback segment in 2020, eyes offline expansion“While there was a downsizing of pop-up stores, these new outlets opened up avenues for smartphone users to simply walk in and get all smar...
- Thinning Wardrobe: How lockdown is helping recommerce take shape in IndiaSecond-hand, subscription and rental are the top three fastest-growing retail categories.
- China’s recommerce giant AiHuiShou looks to cash in with Cashify dealThe partnership will enable Cashify to tap into AiHuiShou’s technology as also bring about operational efficiencies into its business as it...
- UK green fund close to finalising investment in Indian re-commerce start-upLow Carbon Enterprise Fund, the London-based investor focussed on social enterprises with a sustainability touch, is close to finalising a ...
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