Big Daddy’s Coming: Alibaba Group Plans To Enter India This Year
India’s e-commerce market, which is currently dominated by homegrown companies like Flipkart and Snapdeal, and an American giant in Amazon, might soon see its biggest shake up yet. Chinese e-commerce behemoth Alibaba is planning to enter the Indian market in what could bring increased competition in an already competitive sector.
MagicBricks Makes First Acquisition With Properji.com
Times Internet owned Magicbricks.com has acquired property analysis platform Properji.com for an undisclosed amount. Properji provides detailed research services to buyers and has prepared reports for about 100 projects
MobiKwik Bets On Hyperlocal, Launches Explore Nearby
Mobikwik, one of India’s biggest payment networks and wallet providers, is now venturing into the hyperlocal space with the launch of ‘Explore Nearby’. Available on the MobiKwik app, the feature enables discovery of neighborhood stores, restaurants and cafes that accept wallet payments.
Colours, Culture, Kitsch: Chumbak’s Office Is As Pretty And Fun As Their Products Are
When a brand is all about making beautiful things, it is expected that their office is a reflection of their product. Design is in Chumbak’s DNA and their office is proof. Located in the bustling, posh locality of Indiranagar in Bangalore, Chumbak’s flagship store also houses their corporate office on the upper floors. The office is all that you’d expect a Chumbak space to be, and more. There’s a splash of colours, a lot of kitsch and there’s never a dull moment. The culture in the office fosters creativity, openness, and a lot of great work.
Snapdeal May Soon Allow Uber Bookings On Its App
Looking to capture a bigger pie of Indian ecommerce that extends beyond retail, Snapdeal is reportedly in talks with commutech giant Uber. If the partnership goes through, Snapdeal customers will be able to book an Uber ride through the Snapdeal app.
Breaking: Paytm To Start Selling Domestic Flight Tickets
Paytm can’t seem to get into enough verticals. After the e-commerce company started selling everything from bus tickets to movie tickets, it seems to be on the verge of expanding into a territory that’s completely foreign to Indian e-commerce providers – flight tickets.
Practo Continues Expansion Spree, Launches In Brazil
Practo’s become one of the first Indian startups to go truly global. While Indian companies have been taking baby steps in their international expansion plans by testing out the waters with countries in South East Asia, Practo’s raised the bar a whole notch – it has launched in faraway Brazil.
SBI’s Loan Woes Remain As Mallya’s Kingfisher House In Bombay Has No Takers
In a bid (pun unintended) to recover a small part of their pending loans from Vijay Mallya who’s defaulted loans to the tune of 9000 crores, SBI had decided to auction his Mumbai home. The base price was 150 crores and the auction lasted for over hour 4 hours. However, unlike other auctions, there was not a single bid in this one.
Future Group’s Ads Take On Entire E-Commerce Industry
Kishore Biyani has never been a fan of e-commerce. Now it seems like he’s putting his words into action – while Flipkart, Snapdeal and Amazon have been squabbling with each other through ads and discounts, he’s decided to take on the entire industry at once.