Aditi Shrivastava &Madhav Chanchani, The Economic Times Bengaluru, 14 June 2016 Alibaba Group Holdings is looking to buy, or invest in, an Indian logistics company specialising in deliveries for online retail players, and towards this end has held talks with Delhivery and Xpressbees Logistics, according to two people aware of the development. The Chinese company is also chalking out a plan to get Paytm to spin off its marketplace business and plans to top it up with more capital, said a third source. Alibaba and its affiliate Ant Financial together own about a 40% stake in the Noida-based company. These…
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Madhav Chanchani, The Economic Times New Delhi, 8 June 2016 Amazon founder & CEO Jeff Bezos said that the company is planning to invest an additional $3 billion in its India operations, coming nearly two years after the Seattle-based online retail giant announced plans to pump in $2 billion. The announcement takes total investment commitment in India by Amazon, which is competing with market leader Flipkart for the top spot, to $5 billion. The $5 billion investment will take Amazon India past the combined capital raised by both local rivals, Flipkart and Softbank-backed Snapdeal. While Flipkart has raised over $3.2…
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Madhav Chanchani, The Economic Times Bengaluru, 2 June 2016 Amazon has invested an additional Rs 1,350 crore (about $200 million) in its India unit this year, stepping on the pedal as it seeks to accelerate the momentum gained in the past 18 months. The latest investment in Amazon Seller Services, disclosed in regulatory filings on May 31, takes the total capital infused into the main India unit since early 2015 to Rs 8,618 crore. The money came in March, a few weeks before India introduced discounting and vendor-related restrictions for online marketplaces. The investment underscores Amazon India's determination to spare…
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Jochelle Mendonca, The Economic Times Mumbai, 31 May 2016 What does it take to build an ecommerce platform? Well, just on the money side, Tata Unistore, the Tata group's online sales arm, paid TCS Rs 36.48 crore in the runup to the launch of the website. There's another Rs 20.9 crore of work done in FY16 that is yet to be paid out, TCS' annual report showed. The TataCliQ ecommerce site that launched last week had TCS as its primary technology partner . Data analytics for the site will be provided by Tata IQ, the company said in its presentation. The Group says…
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Madhav Chanchani & Aditi Shrivastava, The Economic Times Bengaluru, 31 May 2016 Flipkart's new big strategy is to cross-sell its services — as well as its customers — to its biggest clients. Chief Executive Binny Bansal has stitched together a plan to cross-sell Flipkart's commerce, supply chain and advertising services to its top-selling merchants and deep-pocketed brands such as Samsung . He also wants to monetise Flipkart's registered customer base of 75 million by selling insights to these merchants and brands on who and where the top-paying buyers are and what kind of products they want. "We are focussing on…
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