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

By
Posted

Naspers recently invested an additional $71 million in Flipkart.

Flipkart

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

By

Kresna is expected to do a follow-on investment.


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

By

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


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

By

The deal is expected to conclude sometime in July.


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

By

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

By

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


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

By

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

By

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 JD.com to invest $397m in UK fashion retailer Farfetch

By

JD.com 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

By

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