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Unicommerce Esolutions logs Q2 net profit of Rs 4.4 crore, up 21% YoYThe ecommerce software firm, which listed on the bourses in August at a hefty premium, reported operating revenue of Rs 29 crore, up from R...- Forget IIT, IIM degrees. The inspiring story of CRED founder Kunal Shah who once worked as a data entry operatorSanjeev Bikhchandani, founder of Info Edge, disclosed on social media platform X that Kunal Shah, an angel investor and entrepreneur known ...
- Snapdeal's FY23 consolidated loss narrows to Rs 282 croreThe company's loss-reduction measures also led to revenue decreasing to Rs 388 crore in FY23 from Rs 564 crore in FY22.
- Snapdeal seeks Sebi nod for Rs 1,250 crore IPOThe IPO will also see an offer for sale component of 30,769,600 shares where Snapdeal’s existing investors like SoftBank, Foxconn, Sequoia ...
- Snapdeal clocks Rs 846.4 crore revenue in FY20The total revenue dipped marginally from Rs 925.3 crore in FY19 to Rs 916 crore in FY20 on account of reduction in finance and other income.
- ITAT: Indirect transfer of Indian assets will not attract LTCG taxThe decision comes as a relief to foreign funds and entities being subjected to tax demands for earlier years, according to experts.
- Snapdeal cuts losses to Rs 613 cr for FY18, confident of hitting profitsOn a consolidated basis, the Soft-Bank Group, Alibaba Group and Foxconn-backed online retailer posted a loss of Rs 613 crore in 2017-18.
- ShopClues draws first blood in e-commerce battle with Snapdeal“They spent over $2 billion trying to be Flipkart and now they are spending half a billion dollars trying to be like ShopClues. We will hav...
- Snapdeal layoff row: Will CEO Kunal Bahl’s profitability gamble succeed?Daily shipments have dropped by half over the past month as Snapdeal restructures its operations and awaits a lifeline from primary investo...
- Indian e-commerce giants like Flipkart, Snapdeal will take 10 years to become large businesses: Rajan Anandan"(India has a) very large (internet) user base but a very small addressable market for the businesses we have decided to build so far," sai...
- Annualised GMV for e-commerce firms in India dips 10% in Q2: Research firmWhile there was a strong growth pattern in calendar year 2015, the annualised GMV run rate for the Indian e-tailing industry dropped sharpl...
- Den Snapdeal TV-Shop aims at a GMV of Rs 500 crore by year-endLeading TV commerce company Den Snapdeal TV-Shop is eyeing to touch a Gross Merchandise Value (GMV) of Rs 500 crore by the end of this year.
- E-tail market booming, may hit $50 billion by 2020: Report"E-tail is the most recent segment, but its highest growth rates and success will be the key driver of the overall e-Commerce market."
- Snapdeal aims for 10 more investments this fiscal to take on Flipkart & Amazon in India's $3bn e-commerce industrySnapdeal has bought 8 companies in 5 years since its launch and plans to bolster resources further to take on Flipkart & Amazon in ecommerc...
- Snapdeal to soon get into acquisition modeSnapdeal's founder & CEO Kunal Bahl said the e-commerce major is close to announcing an acquisition, which will play the role of an enabler...
- Shoppers Stop eyeing bigger play in online spaceShrikhande said that apart from ramping up its online presence, the company is also working on differentiating its product assortments.
- Reliance Capital to gain 12-fold from Rs 500 crore Yatra.com stake saleAnil Ambani-led Reliance Capital (RCap) is encashing its investment in Yatra.com - the leading online travel company - for Rs 500 crore.
- E-tailers race ahead, but hunt for buyers burns Rs 1,000 crore hole in Flipkart, Amazon & Snapdeal's booksOnline retailers have been aggressive about winning customers through discounts but that has led to a backlash from traditional retail.
- Snapdeal to open logistics platform SafeShip to rival e-retailersThe software platform developed by Snapdeal will help sellers choose the best courier options to deliver products to customers.
- Indian e-Commerce portals aim to hit profit way in 2 yearsIndian entrepreneurs said this latest focus on business fundamentals points to growing maturity of the local market.
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