The gatekeeper for foreign investment in India DIPP has reported to the Delhi High Court that the marketplace model which is used by ecommerce companies is not recognised in the country's foreign direct investment (FDI) policy.
Digital payment platform eCommerce paytm has acquired a delhi based company shifu in an $8-million deal, Shifu is expecting to grow its consumer experiences on the Paytm platform.
Online real estate platform housing.com is in talks with snapdeal and newscorp to sell its stakes and is looking for backers to recover its last year’s slowdown in the online real estate market.
Hugefly Technologieshas become the first ecommerce company to integrate NLP technology (Natural Language Processing) in India.
Myntra, an app-based fashion retailer, is counting on its in-house brands at the time when local e-tailers are under stress to chop off their cash burns and earn some profits.
IRCTC ties up with one of the leading online payment and shopping website, Paytm to make online food ordering payments easier for the train passengers.
Paytm, the mobile payments and ecommerce platform gets the former Amazon India executive, Vikas Purohit on board to manage its payment business.
India plans to set up a B2B (Business-to-business) global ecommerce platform based on Alibaba’s ecommerce model. This platform will allow country’s exporters and manufacturers to sell products to the vendors abroad.
The Mobile App Myntra now plans to experience "offline". The e-commerce giant Myntra is considering to expand its presence pass the online stores to physical stores to serve its customers better.
Ad spend in India will set to grow 13% in 2016 with big e-commerce players, Telecommunication operators and mobile handset makers, forecasts by ZenithOptimedia.