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AMAZON APPARIO ACQUISITION
Zepto’s IPO top-up; Trump’s birthright bombshellHappy Wednesday! Zepto is set to bulk up its public offering. This and more in today’s ETtech Morning Dispatch.- CCI clears Amazon seller Appario’s sale to ClicktechAppario is the largest seller on Amazon India. This is part of Amazon’s plan to divest stakes in sellers on its platform. The Competition C...
- Amazon's JV seller Appario starts shipping inventory to new merchants; India working on Big Tech regulationsET had reported in August last year that multiple new sellers - Dawntech, Clickteck, EZ Retail, Rocket Kommerce, VRP Telematics and Cocoblu...
- Zomato Q2 net loss narrows to Rs 251 crore; Amagi raises over $100MFood delivery firm Zomato reported its Q2 (July-September) earnings on Thursday evening. Company’s consolidated net loss narrowed more than...
- Amazon India to delist top seller Appario, renews JV with FrontizoIn a joint statement, the two parties said the joint venture has been renewed for three years but Appario will cease to be a seller on both...
- Amazon to close seller firm Appario; ‘Chief Twit’ wastes no time in revamping TwitterIn April, Amazon shut down Cloudtail – once the largest seller on its India marketplace – after the Indian government introduced tighter fo...
- Rupa & Co scions take over Cloudtail’s home, kitchen and sports businessRetailEZ is among many new sellers that are taking over Cloudtail’s business following Amazon’s acquisition of the latter’s parent company ...
- CCI studies 'ecommerce nexus’; IT workers trickle back to officeCompetition Commission of India is studying documents found during the raids that suggest financial dealings between the ecommerce majors a...
- CCI raids Cloudtail, Appario; Meta, Twitter Q1 resultsEarly on Thursday morning, the Competition Commission of India launched raids against Cloudtail and Appario, two top domestic sellers of Am...
- Covid gains: 3 sellers on Amazon log 38% increase in FY21 salesCloudtail's and Appario's revenue surged by over 46% to ₹16,639 crore and ₹14,628 crore respectively in FY21, while that of food and grocer...
- Sebi proposes new rules for startup IPOs; SoftBank eyes Indian fintechIndia's markets regulator has made several proposals for startup IPOs in a paper it released on Tuesday.
- Appario Retail, Cloudtail India and More Retail sales cross 36,000 crore in 2020-21Cloudtail’s and Appario’s revenue surged by over 46% to Rs 16,639 crore and Rs 14,628 crore respectively in FY21, while that of food and gr...
- The rise of BNPL amid regulatory ambiguityWith the growing number of 'buy now, pay later' transactions comes the regulatory scrutiny from the Reserve Bank of India.
- Cloudtail India to shut down in May 2022In today's Top 5: Amazon India's biggest seller is halting operations from next May, UpGrad is joining the startup unicorn club, and Paytm ...
- WhatsApp ban plea dismissedFrom WhatsApp ban petition being dismissed to India's draft e-commerce rules and UK's crackdown against Binance, here's a quick look at the...
- Reliance terms reports of stake sale to Amazon speculativeAmazon was an investor in Future Group, whose retail business was acquired by Reliance late last month for Rs 24,713 crore. On September 9,...
- Regulation must remain mindful of capital needsWhat a tangled web we weave. ED’s move to probe Amazon & Flipkart for FDI violations raises new questions.
- Small sellers fear being elbowed out in e-commerce festive saleFlipkart and Amazon India, however, have repeatedly denied any preference for a select few sellers.
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