Jabong Secures $27.5 Million In Funding From CDC Group

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Jabong has received funding worth $27.5 million from UK’s development finance institution CDC Group.  However, a separate report from The Economic Times says that Jabong is raising $100 million in this round but no confirmation was given by the company c0-founder and MD Praveen Sinha. The fashion and lifestyle portal will use the latest round of funding to improve the supply chain infrastructure.Jabong...
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Indian Apparel Retail Is Increasingly Shifting Towards The Online Domain: PwC

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Indians are progressively drawn towards the Online Shopping Portals to purchase Clothes, Fashion and associated apparel indicates a new research conducted by Price Waterhouse Coppers (PwC).Titled, ‘PwC’s Experience Radar 2013: Lessons from the Global Retail Apparel Industry’, the study was intended to detect evolving patterns in the purchasing habits and methodologies adopted. The global study...
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Snapdeal Adds Hindi And Tamil Languages To Its Website

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Snapdeal  which is looking forward to secure $150 million in its next round of funding, has rolled out Hindi and Tamil interface to its website. The move comes from the popular online marketplace with an aim to attract a certain type of audience which is not comfortable with shopping in English. “Our aim is to make our customers’ transaction experience as comfortable as possible. We...
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Flipkart Is Reportedly In Merger Talks With Myntra

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Flipkart and fashion e-tailing portal Myntra are reportedly in talks for a merger. The Economic Times  has reported that the proposal is being pushed by their common investors Accel Partners and Tiger Global. The key decision will be taken in two weeks. Bangalore-based Flipkart has been aiming for expansion in new categories like fashion retail, white goods and furniture. The proposed merger with...
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HomeShop18 Raises The Bar With PCI DSS Certification For Its Operations

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Multi-channel retailer HomeShop18 just got a lot more secure by securing Payment Card Industry Data Security Standard (PCI DSS) certification.Having successfully secured the PCI DSS certification for its entire operations across web and mobile retail platforms, online shopping destination HomeShop18 has raised the bar for other shopping websites. Essentially, the site is now completely safe to be...
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BitCoin Malware Turning Computer Systems Into Zombie Miners

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Computers across the world now have to deal with a new kind of virus that could make them a Zombie BitCoin Miner.The BitCoin Mining Malware has been spreading very rapidly and security experts have identified its growth pattern to be alarmingly high among Computers in the Asia Pacific regions. So far, about 12,000 computers across the globe have been confirmed to have been affected by the virus. What...
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Amazon To Open Its Second Fulfillment Centre In Bangalore Next Month

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Amazon India has announced its plans to open second ‘Fulfillment Centre’ in Bangalore. The move comes from the e-commerce giant just two years after launching its first fulfillment centre in Mumbai. Spread over 150,000 square feet, the Fulfillment Centre will be operational by February with inbound and outbound services.The company which opened its marketplace in India last year said...
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Twitter Users May Soon Gain The Ability To Pay By A Tweet As Company Teams Up With Stripe

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Twitter users may soon be able to pay for a product via a mere Tweet.Micro blogging platform Twitter is reportedly working in tandem with online payments service Stripe. The synergy may soon result in a groundbreaking functionality that will allow retailers to accept credit card payments through a simple tweet from the Owner of the financial instrument. How will the feature work? Interestingly, neither...
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Tradus Dares To Deliver Street Food Via eCommerce

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Online shopping marketplace Tradus has launched a new sub-section that will allow customers to order street-food.Taking local commerce to the next level, Tradus has initiated a daring and unique concept of accepting orders for regional street-food, sweets and other local eateries and delivering them to nearby areas within the city. Though the endeavor seems to have begun in Delhi, Tradus might consider...
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eBay India Rolls Out 9 Hour Delivery In Mumbai

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The Indian e-commerce market has always been price competitive and now it has become delivery competitive. Last year we saw big players like Amazon and Flipkart launching one day delivery service. Hence, more and more players were expected to launch the same this year. E-commerce marketplaces, SnapDeal kicked off this year with same day delivery and further fueled the competition.Now, eBay India...
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