Tag: Ecommerce

Alibaba boosts its offline reach with $2B+ investment in outdoor digital marketing firm

Alibaba is investing big bucks into offline distribution. The Chinese e-commerce giant has forked out $2.23 billion in exchange for a sizeable piece of Focus Media, a Shanghai-based company that operates outdoor digital advertising screens across China, Singapore and Hong Kong, according to a U.S. filing. The deal itself is broken up into

Commerce Ministry Raises Concerns On Supply Of Damaged Goods By Ecommerce Companies

Minister of State for Commerce and Industry C R Chaudhary has shared a written reply to Centre government, on the concerns raised over efficient ecommerce transactions in the country. The Minister has agreed that several complaints have been received regarding delivery of defective and damaged goods by online retail companies.

Prime Day boosted other large retailers’ sales by 54%, says report

Amazon’s Prime Day again broke records this year, but the sales holiday also boosted sales across the broader U.S. e-commerce industry. According to Adobe Analytics data released this morning, larger retailers – meaning those with over a billion in annual revenue – saw a 54 percent increase in sales on Prime

Amazon’s Prime Day again became the biggest sales day in its history

Prime Day has once again broken records. Despite serious glitches at its start, Amazon announced this morning that Prime Day 2018 grew to become the biggest shopping event in its history, beating out Cyber Monday, Black Friday, and the previous Prime Day 2017. Of course, this year’s Prime Day was

Custom framing startup Framebridge picks up $30 million Series C

D.C.-based Framebridge today announced the close of a $30 million Series C financing round led by T. Rowe Price Associates, Inc. with participation from existing investors SWaN & Legend Venture Partners, Revolution Ventures, and NEA. Launched in 2014, Framebridge offers affordable and convenient custom framing via its website and mobile

Flipkart Leverages PhonePe And MakeMyTrip Association, Add New Tabs On Its App

Flipkart has recently added two new tabs- ‘Recharge’ and ‘Travel’ on its mobile application. While the recharge tab is redirecting the customer to PhonePe application, the second travel tab lands customers on MakeMyTrip respectively. As shared by the company in a media statement, the move comes in line with its

Amazon Prime Day U.S. sales bigger than last year, despite site issues

Despite the massive glitches that prevented online shoppers from being able to browse and buy from Amazon’s Prime Day sale yesterday, the retailer is this morning claiming its Prime Day sales in the U.S. are “bigger than ever,” and grew faster than last year’s Prime Day within the first ten

Amazon Pay Receives $33.5 Mn Funding Boost From Its Parent Entity

Amazon has invested $33.5 Mn (INR 230 Cr) in its digital payments arm Amazon Pay. The funds came from Singapore-based Amazon Corporate Holdings and Amazon.com.incs, as per RoC filings. Since May 2017, Amazon has invested more than $100 Mn (INR 685 Cr) in Amazon Pay.Click To Tweet The latest fundraise