Citrus Pay Comes Up With ‘Project 0’ To Offer Quick e–Payment Setup For Merchants

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Payment Processing Company Citrus Pay has launched a new solution to make e–Payment Setup quicker.Christened ‘Project 0’, Citrus Pay is confident of bringing down the time required to setup a virtual store with payment gateway integrated into the same. The Payment Gateway solution is valid for new as well as existing participating merchants. How does the platform work? Citrus Pay currently...
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An Interview With Pavan Sondur, CEO & Co-founder, Unbxd

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E-commerce is growing exponentially in India with rise in online shopping trends and increasing use of smartphone and internet. The India e-commerce market grew at a whopping 88 percent in 2013 to $16 billion from $8.5 billion in 2012, as per ASSOCHAM report. Such exponential increase in e-commerce portals has given rise to product recommendation platforms. These platforms are useful for product...
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Online Jewelry Store Bluestone Secures $10M Funding From Kalaari Capital

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Online jewelry portal Bluestone has raised $10 million in funding from Kalaari Capital. The Bangalore based company will use the funding to ramp up its marketing and invest in brand-building initiatives. Bluestone which was founded three years ago had previously raised $5 million from Accel Partners in January 2012.The online retailer will clock Rs 40-crore sales this March and hopes to double...
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Malls Starting To Adopt ‘Hybrid’ Approach To Boost Sales

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Shopping Malls have started to adopt an ‘Hybrid’ approach of sales to attract customers and boost revenues.Delhi’s Select Citywalk mall will soon adopt the Hybrid Model of sales. It is expected to launch its online storefront via an eCommerce Marketplace model. Another Bangalore based mall, the Total Mall too has adopted similar technique. The Hybrid Model of sales allows the customers to check...
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SBI Launches Its Own Payment Aggregator Service SBIePay

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State Bank of India (SBI) has launched its own iteration of Online Payment Aggregator Service.Christened SBIePay, the service is meant for e-commerce or m-commerce transactions among merchants (B2B), customers (B2C) and various financial institutions (P2P) for all kinds of payments with electronic connectivity. Interestingly this is the first Payment Aggregation Service offered by any Bank in India....
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Online US Retailers Wooing Indians With ‘Pay In Rupees’ Price Tags

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Big American retailers are actively pursuing the Indian online shopper and offering India specific prices & shipping instructions.Big Brands like Macy’s, JC Penney, Ann Taylor and many others are now trying to grab Indian Online Shoppers with their confirmation of ‘Ship To India’ as well as ‘Pay In Rupees’ price–tags. These companies often have their own eCommerce store–fronts...
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Flipkart Clocks $1B in Sales, Reaches Milestone One Year Earlier Than Predicted

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Flipkart has reached the $1 billion sales on its website and has achieved the target a year in advance. ”We are really proud and excited to announce that we have hit a run rate of $1 billion GMV (gross merchandise value) one year before our target,” said cofounders Sachin Bansal and Binny Bansal, in a joint message. Flipkart has hit this target only eight months after it said that it...
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Walmart Is Planning To Launch An E-commerce Marketplace In India

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The biggies are coming! After Amazon entered India over the last two years by launching Junglee and Amazon.in, the e-commerce competition is likely to heat up if other international players also decide to look at entering the country. According to a report, Walmart is also planning to setup an e-commerce marketplace in the country.The Indian e-commerce industry has become much more conducive to growth...
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e–Commerce Software Developer Viniculum Raises Series B Funding From IvyCap Ventures and Accel Partners

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Viniculum, a Software as a Service (SaaS) developer has successfully closed its second institutional round of funding.Based in Noida, Saas based software products developer Viniculum targets the eCommerce segment. This Series B round of funding saw active participation from IvyCap Ventures and Accel India Ventures. While Accel is an existing investor, IvyCap participated in this round of undisclosed...
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eCommerce Dents Physical Retail, Books Electronics, Music Segments Affected Most: CRISIL

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The growing popularity of Online Shopping destinations has had a severe impact on Organized Retail.According to Credit Rating Information Service of India (CRISIL), Online Retailers in India have enhanced their position and now pose a formidable threat to the Physical or Organized Retail in the country. These platforms, have collectively clocked an Compounded Annual Growth Rate (CAGR) of an astounding...
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