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 →

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 →

Farfetch, expand ecommerce partnership

Farfetch and have announced the expansion of their partnership in order to provide the “Premier Luxury Gateway to China” for luxury brands. Under the agreement, Toplife will merge into Farfetch China while Farfetch will gain an entry point on the app, providing’s 300 million customers with access to more than 3,000 brands via... Continue Reading →

March: ecommerce events in Europe

March 7-8: eTail Germany – Germany eTail Germany has a full agenda and over 400 attendees. There will be over 80 industry-leading speakers and more than 90 interactive sessions. More info – Visit the website March 12: OroVibe – France OroVibe France is a B2B ecommerce and CRM event for manufacturers, distributors, retailers and brands. More info – Visit... Continue Reading →

Shö is still in the red

In April 2017, Austrian Post started with its own online marketplace, called Shö The idea was to launch a local alternative to major international marketplaces such as Amazon and eBay. Now there are about 500 vendors that sell their products on the online platform. According to Georg Pölzl, CEO of Österreichische Post, the portal receives a... Continue Reading →

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