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Infibeam to buy Snapdeal’s Unicommerce in Rs 120 crore deal

Ahmedabad-based Infibeam said it will acquire Snapdeal’s subsidiary Unicommerce, which offers e-commerce enablement software, in a deal worth up to Rs 120 crore.“Under the agreement, Infibeam will issue optionally convertible debentures on preferential basis to Jasper Infotech valued up...

Indian e-commerce market sees M&A deals worth US $2.1 bn in 2017

As much as US $2.1 billion worth of M&A (merger and acquisition) transactions were inked in 2017 in the booming Indian e-commerce industry, which may soon witness its largest-ever deal - the proposed Flipkart-Walmart nuptial.According to a PTI report:...

Snapdeal introduces one-of-a-kind toy shopping experience for children

Snapdeal has set up a one-of-a-kind ‘Shop-by-Skill’ store to allow parents to choose the right toys to help children between 1-8 years develop critical skills. Several interactive and stimulating toys for children, have been curated for every aspect of...

Snapdeal posts Rs 4,647 crore net loss in 2016-17

E-commerce firm Snapdeal saw its losses mounting to Rs 4,647 crore for the fiscal ending March 2017, impacted by a provision for 'impairment of goodwill' of Rs 1,797 crore.According to regulatory filing to the corporate affairs ministry by Jasper...

Discounted online sales of direct sellers’ products by e-comm players hits industry

Discounted online sales of products of direct sellers without their consent on platforms like Flipkart, Amazon, Snapdeal and Shopclues is making significant dents on their business, according to India Direct Selling Association (IDSA).According to a PTI report: In its...

Snapdeal announces all you need this Summer Store

Snapdeal has announced its Summer Store with the coolest offers on summer essentials. Snapdeal’s Summer Store has put together a complete collection of thoughtful items that a user will need to get some respite from the scorching heat wave.Bring...

Snapdeal launches curated health store

On the occasion of World Health Day, Snapdeal has launched a curated health store to take care of shoppers’ holistic health needs.The store features a wide range of products covering everything you might possibly like to buy for a...

Tribal Affairs Minister launches Tribes India e-commerce portal

Tribal Affairs Minister Jual Oram has launched 'e-Tribes:Tribes India', an initiative for digital commerce at Tribes India outlet at Mahadev Road.According to a PTI report: It included launch of e-commerce portal of TRIFED, www.tribesindia.com and M-commerce, android app 'Tribes...

Digital payment companies line up Rs 100 crore worth discounts on Snapdeal in 2018-19

India’s leading banks, digital payment companies and global payments technology company, VISA have lined up plans to give discounts in excess of Rs 100 crore to Snapdeal users over the next 12 months (April 18 – March 19).Snapdeal has...

Snapdeal sets up women’s day store

To celebrate Women’s Day 2018, Snapdeal has set up an exclusive Women’s Day store to pamper the women. The offering includes an array of products ranging from women’s clothing to electronic gadgets, kitchen appliances, cookware sets, and personal care...
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