VCs click on smaller, niche e-tailers


Top venture capital (VC) investors like SAIF Partners, Sequoia CapitalIndia and Matrix Partners India are making about half a dozen early bets on a new set of e-commercecompanies. These startups are catering to the next 100 million internet users who have come to the e-market. The startups — Bulbul, Simsim, WMall, Mall91 and DealShare — are using vernacular language to make the user comfortable... Continue Reading →

Draft e-commerce policy will wreak havoc on Indian startups


On March 4, the US government announced that India would no longer be entitled to benefits under the Generalised System of Preferences programme, which allowed many Indian goods to be exported to the US duty-free. According to the US trade representative, this is because India had “implemented a wide array of trade barriers” that harmed... Continue Reading →

Russian users prefer installment plans for online shopping


Users will most often take online loans to pay for household goods, educational services, and appliances, a Yandex.Checkout study reveals. An average one-time loan taken by a Russian customer amounts to about USD 350 (26 thousand rubles) and has a term of up to 6 months. The study covers payments made using the installments service... Continue Reading →

Online sales turnover in Greece to reach 4.5 bln USD


The total ecommerce revenue in Greece is expected to reach USD 4.5 billion in 2019 according to the Greek Ecommerce Association (GR.EC.A). About 85% of shoppers make 80% of their online purchases from Greek e-shops, while cash on delivery makes 54% of online payments. According to GR.EC.A's survey, ecommerce is gaining ground, with 85% of internet users... Continue Reading →

Ecommerce platform AmeriCommerce launches new payment solution


AmeriCommerce, a US-based ecommerce platform, has announced the release of AmeriCommerce Payments for all of its merchants. The platform allows unlimited transactions and order volume regardless of plan level. With AmeriCommerce Payments, merchants can start accepting payments within minutes of signing up while having a complete view of all their transaction details in one place.... Continue Reading →

Ecommerce startup Jumia files for IPO


Nigeria-based ecommerce startup Jumia has filed for an IPO on the New York Stock Exchange, according to TechCrunch. The valuation, share price and timeline for public stock sales will be determined over the coming weeks. Founded in Lagos in 2012 with Rocket Internet backing, the startup operates multiple online verticals in 14 African countries, spanning Ghana, Kenya,... Continue Reading →

PayPal to invest USD 750 mln into ecommerce company MercadoLibre


PayPal has announced it will make a USD 750 million investment through the purchase of common stock in Argentina-based ecommerce company MercadoLibre. The deal is part of MercadoLibre's intention to offer approximately USD 1 billion of common stock. MercadoLibre also intends to grant the underwriters a thirty-day option to purchase up to USD 150 million of additional... Continue Reading →

Amazon’s influence machine flooding Washington with money and muscle


WASHINGTON DC: After building out a powerful influence machine in Washington over the last few years, Amazon is going on the attack. The company is pushing aside trade groups it doesn’t like and creating new ones it does. It’s dispatching senior executives to woo antitrust enforcers. And it’s poaching senior staff from government agencies and congressional offices.... Continue Reading →

Startups mop up $7 bn from PEs, VCs in 2018


MUMBAI, Mar 8 (PTI) E-commerce and consumer Internet companies have raised over USD 7 billion in private equity and venture capital funds in 2018, says a report. Of the total investment, startups such as Oyo, Swiggy, Byjus, Paytm Mall, Pine Labs, Zomato, Udaan, Policybazaar and Curefit collectively raised the lions share of USD 4.6 billion in 2018, says an EY... Continue Reading →

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