Illustration: Rahul Awasthi Ecommerce platforms could offer a flurry of discounts this festive season, as sellers and manufacturers look to liquidate high levels of inventory, according to industry executives. The rebates could be mainly in categories such as fashion, small electronics, appliances, personal care products and toys, they said. Slow offline sales and shifting consumer […]
New investors may bring $150 million to Zomato table
Illustration: Rahul Awasthi A set of four new risk investors is expected to join the ongoing $600-million financing round at online food delivery company Zomato, two people in the know of the matter said, signalling continued interest in India’s internet story despite the Covid-19 crisis upending businesses across the board. London-headquartered hedge fund Steadview Capital, […]
Deferment of 30% fee shows Google’s guilt: Paytm CEO
Paytm chief executive Vijay Shekhar Sharma said Google’s decision to defer the levy of a 30% commission from Indian businesses selling digital goods through Play Store apps was an “admission of guilt” by the US-based tech giant. Google last week said it would charge the commission on developers globally from September 2021. Sharma alleged that […]
Upcoming festive sales will see a significant jump in online shoppers: Survey
There could be a major increase in the number of consumers for whom e-commerce will be the primary channel for shopping this festive season, as they look at sourcing even mundane items such as namkeens, sweets and other groceries through online shopping apps and websites, according to a new survey. The number of festive shoppers […]
Infibeam Avenues signs deal to license ecommerce and payment software to Jio Platforms
Infibeam Avenues said it has signed a deal to license its ecommerce and payment software to Jio Platforms, Reliance Jio’s digital platform venture.the company said in a BSE filing. Infibeam Avenues is the Gandhinagar-headquartered parent of payment gateway company CCAvenue. “We hereby inform that the Company has entered into a definitive agreement with Jio Platforms […]
Netflix releases all episodes of ‘Bad Boy Billionaires’ except B Ramalinga Raju’s
B Ramalinga Raju Netflix has finally released its web series “Bad Boy Billionaires“. All episodes except the one involving B Ramalinga Raju, the founder of Satyam Computer Services have been released. The release was made possible after a lower court in Bihar, on Saturday, vacated its own stay order on the release of ‘Bad Boy […]
Flipkart decks up with tech for festival shoppers
Flipkart is betting on new seller sign-ups, video commerce, expanded logistics infrastructure, gaming, and its personalization engine to lure shoppers online this festive season, which kicks off on October 16 with its flagship Big Billion Days sale, top executives told ET in an interview. The homegrown e-tailer expects to see increased value-conscious buying compared to […]
Flipkart’s Big Billion Days sale to begin from October 16
Walmart-owned Flipkart said it will host its largest annual sale event – Big Billion Days – for six days starting from October 16, as it looks to record its highest-grossing sale days this year amid the Covid-19 pandemic. The ecommerce marketplace said the focus of the sale would be on creating opportunities for micro, small […]
With the US government circling, Google is starting to play nice with smaller rivals
Small rivals of Alphabet’s Google say signs are emerging of more benevolent behavior from the online advertising leader amid accusations by the U.S. government and states that the company uses its dominance to thwart competition. Among the dozens of software companies who rely on Google as an intermediary to ad buyers and sellers, six told […]
Airbnb aims to raise roughly $3 billion in IPO: Report
Home rental company Airbnb is aiming to raise around $3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the Covid-19 pandemic roiled the travel industry. Airbnb will be one of the largest and most anticipated U.S. […]