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Investors have committed Rs 450 crore for second fund: Carpediem CapitalThe home-grown private equity player has invested in two companies — Fornax and Sindhuja Microcredit — from the second fund, while Rs 380 c...- Flipkart Rejig: Adarsh Menon to take over Shopsy, Cleartrip, used phone businessChanges in his role come as Prakash Sikaria plans to leave Flipkart later this year.
- 25% of new customers of Flipkart group now come from ShopsyPrakash Sikaria, Flipkart’s senior vice president (growth and monetisation), is leading some of the new initiates at the Walmart-backed com...
- 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...
- ETtech Deals Digest: WayCool Foods, Lead School, Refyne raise fundsAgritech startup WayCool Foods, Edtech firm Lead School and salary-on-demand platform Refyne were among the startups that raised funding th...
- Exclusive: Thrasio’s $500M India bet; Pepperfry assembling IPOThrasio, which pioneered the house of brands model of ecommerce, plans to invest $500 million in India, and that’s just for starters. Peppe...
- Musk tweets on India ‘challenges’, govt calls it pressure tacticTesla hasn’t been able to gain a foothold in India, its largest untapped market. When a Twitter user asked CEO Elon Musk for an update on t...
- 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.
- Refurbished mobile phones flying off shelves in pandemicRefurbished smartphones are handsets owned by someone else and then have been restored and sold in a working condition by a reseller. Like ...
- Smartphone prices may rise ahead of festive season as component rates hikedFor leading smartphone brands including China’s Xiaomi, Vivo, Oppo, Realme and OnePlus who are pre-building inventory for the festive seaso...
- Refurbished phones demand surges amid supply crunch for new devices“We have been witnessing a sudden increase in demand for refurbished phones in the last two-three days,” said Nakul Kumar, chief operating ...
- Refurbished, pre-owned smartphones rack up numbers as incomes shrinkOmni-channel goods’ resellers such as OLX, Quikr, Cashify and Yaantra are witnessing a flow in demand towards the organised refurbished and...
- Pre-owned phones gain amid slumpRefurbished smartphone sellers expect market to grow 25% in FY20
- Yaantra raises $3.1-million bridge fundThe Delhi-based startup had last year raised $6 million in Series-A fund from the same investors.
- Former RCom chief Vinod Sawhny joins YaantraSawhny, who is a consumer retail and telecom veteran, served Bharti Retail, Bharti Airtel, Spice Communications, and Godrej GE Appliances L...
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