Naspers says Flipkart is e-commerce leader in India, Amazon disputes claim


Naspers recently invested an additional $71 million in Flipkart.


Exclusive: Kresna-backed to raise $5m this year


Kresna is expected to do a follow-on investment.

India: Existing investor Naspers pumps in $71m more in Flipkart


In April, Flipkart raised $1.4 billion from Tencent, eBay and Microsoft.

India: Snapdeal sale to Flipkart delayed due to complex due diligence process


The deal is expected to conclude sometime in July.

India: Snapdeal files police case against former heads of local logistics firm Quickdel


Indian online retailer Snapdeal has filed a police complaint against some former directors and former management of a local logistics company, in which it owns a stake, accusing them of defrauding the company of 3.57 billion rupees ($55.37 million), a police report showed. The company, which is backed by Japan’s… Read more »

Credit Suisse approaches Snapdeal minority investors over Flipkart deal


Credit Suisse is trying to build investor consensus on the proposed sale.

India: Flipkart-Snapdeal merger at risk as investor PremjiInvest objects


PremjiInvest has objected to special payments to some Snapdeal shareholders.

Cloud-based software provider Deskera makes big India push, in talks to raise up to $100m from PE players


For Shashank Dixit, founder and chief executive of cloud-based business software provider Deskera, the India opportunity in 2017 will mark the second big instance in the company’s short history where the goods and services tax (GST) roll-out is set to be a game changer. The first such instance was in… Read more »

China’s to invest $397m in UK fashion retailer Farfetch

By Inc, China’s No.2 e-commerce firm, said it would invest $397 million in fashion retailer Farfetch UK Ltd to expand its luxury offerings, amid fierce competition with Alibaba Group for China’s high-end retail market. JD will become a major shareholder in the UK firm following the transaction and its CEO… Read more »

Amazon’s grocery push playing catch up with Chinese e-commerce giants


China’s Alibaba Group and have invested heavily in offline retail