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VECTOR E COMMERCE
SoftBank-backed AceVector files updated IPO papers; targets to raise Rs 300 cr via fresh issueSoftBank-backed digital-commerce ecosystem AceVector Ltd has filed updated draft papers with markets regulator Sebi for an initial public o...- ED files complaint under FEMA against Myntra Designs and its related companiesThe Enforcement Directorate has filed a complaint under FEMA against Myntra Designs Pvt. Ltd., its related companies, and directors for all...
- ED files FEMA case against Myntra, linked firms for Rs 1,654 cr violationThe Enforcement Directorate (ED) has filed a case under the Foreign Exchange Management Act (FEMA) against Flipkart-backed Myntra Designs P...
- Snapdeal's parent AceVector files confidential draft IPO papers with SebiAceVector, the parent company of Snapdeal, plans to launch an IPO. The company has submitted draft papers to Sebi. AceVector also operates ...
- Unicommerce Esolutions stock scales fresh highShares surge 16% in early trading, after a 20% jump in the previous session.
- Unicommerce Esolutions stock scales fresh highUnicommerce shares surge 16% in early trading, after a 20% jump in the previous session. The company’s Rs 277-crore initial public offering...
- Blinkit turns adjusted EBITDA positive in March as co aggressively bets on store expansionThe company highlighted that one of the key vectors for growth for the business will come through the store expansion. In the fourth quarte...
- Myntra’s vector registers 90% fall in FY18 revenueThe company made a loss of Rs 52 lakh compared with a profit of Rs 9 crore a year before.
- Flipkart and its fashion unit Myntra: Two star sellers fail to make revenue cutMyntra’s sales shifted from Vector E-Commerce to Tech Connect during the last financial year, which is now the largest seller entity on the...
- Top Myntra seller’s revenue soars from Rs 1.3 crore to Rs 2.5k crore in one yearThe Flipkart-owned Myntra used to register the bulk of its sales from Vector Ecommerce, but it started reducing its dependence on the selle...
- Flipkart hikes Myntra’s annual budget by 25 per cent“This year we got 25% extra money from the Flipkart board,” said Ananth Narayanan, chief executive of Myntra that was acquired by Flipkart ...
- Myntra told to pay 10k for deficiency in servicesSulabh contacted Myntra.com on toll-free number and requested to refund the amount of Rs 120 as the MRP of the product was inclusive of all...
- Demonetisation blocks the last mile for logistics startups"All companies working on an employee outsourcing model took a hit. Between November and February, there was a 4045% drop in volumes from e...
- Myntra’s largest seller clocks loss of Rs 8.7 crore, but sales up 40%Since there is a ban on FDI in direct online retail, Myntra sources products from brands and sells them to Vector, which in turn sells them...
- Resale price pacts in online retail space under probe: CCICCI Chairman Ashok Chawla said the regulator is currently investigating a matter related to resale price maintenance.
- No proposal to enact separate law to regulate e-commerce: Ram Vilas Paswan"There is no proposal for specific law/regulations for e -commerce industry," Food and Consumer Affairs Minister Ram Vilas Paswan said.
- Resale price arrangements come under Competition Commission lensCompetition Commission is now analysing whether price discount arrangements between manufacturers and distributors are anti-competitive in ...
- Kerala government slaps Rs 54 crore fine on 4 online traders including Flipkart, JabongKerala government has slapped a fine of Rs 53.63 crore on four online trading companies including Flipkart and Jabong for allegedly doing i...
- Snapdeal eyes Rs 500 crore via TV-commerceThe channel called DEN Snapdeal TV shop is a result of a 50:50 JV that the company formed with DEN Networks to sell a wide array of product...
- CCI looking into anti-competitive conduct by e-tailers: GovernmentFurther, Jaitley said that investigation reports in respect of Unipay2U group of companies and Speakasia Online "are under examination".
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