Ecommerce in Poland to reach EUR 11.64 mln in 2019

Ecommerce in Poland is predicted to increase by 25% in 2019, reaching EUR 11.64 million, according to a report by Ecommerce Foundation. If the prediction comes true, it would mean that ecommerce in Poland will account for 2.31% of the country’s GDP. Other key findings of the report: over 61% of the online population (77% of Polish... Continue Reading →

Amazon invests Rs 51 Cr in Quess Corp

The investment will be going into the company’s subsidiary Qdigi Services, which provides after sales services for smartphones and other consumer electronics and durables. Amazon is investing Rs 51 crore in Quess Corp, a provider of logistical, staffing and infrastructural solutions to businesses, for a 0.51% stake, the company disclosed in a regulatory filing. The investment will... Continue Reading →

Ecommerce in Belgium: €10.67 billion in 2018

Ecommerce in Belgium was worth 10.67 billion euros in 2018. That’s an increase of almost 6 percent compared to the situation one year before. Belgian consumers have not only spent more money online, they also shopped more often: last year, the average Belgian shopper bought something online over 11 times. In 2017, the average number... Continue Reading →

‘Ecommerce in Germany worth 58.8 billion in 2019’

Ecommerce in Germany is forecast to be worth 58.5 billion euros by the end of 2019. This would mean an increase of about 9 percent, and 5 billion euros, compared to the situation at the end of last year. The forecast comes from Handelsverband Deutschland (HDE), which writes that this would also mean ecommerce in Germany would... Continue Reading →

FIS, Worldpay sign USD 43 bln merger

Fidelity National Information Services (FIS) has agreed to acquire Worldpay for an enterprise value of about USD 43 billion. According to Bloomberg, FIS will also assume Worldpay’s debt, bringing the enterprise value of the deal to about USD 43 billion. FIS’s current shareholders will own around 53% of the combined company, while Worldpay’s investors will hold 47%. The... Continue Reading →

Coolblue’s revenue grows to 1.35 billion euros

Last year, Coolblue achieved a turnover of 1 billion euros in the Netherlands, while the remaining 347 million euros was generated in Belgium, the Coolblue Yearbook shows. The total amount of 1.35 billion euros worth of products it sold in the Benelux last year is still less than the 1.5 billion euros CEO Pieter Zwart said it... Continue Reading →

Amazon India ties up with Kudumbashree

Kochi: Amazon India has signed an MoU with Kudumbashree, a poverty eradication and women empowerment programme implemented by Kerala government as part of its programme- Amazon Saheli. Through this partnership, Amazon India will support, train and empower women entrepreneurs associated with the organization and provide a marketplace for them to showcase their products to Amazon customers across the country. Kudumbashree is one of... Continue Reading →

Online pharma sales in India to hit 25,000cr in 4 years

MUMBAI: The domestic epharmacy market is poised to touch Rs 25,000 crore by 2022, at a robust CAGR of 63%, buoyed by an increased access of medicines to a majority of under-served population, longterm drug compliance for chronic conditions, and rising internet penetration. Online sale of medicines, now at Rs 3,500 crore, could account for... Continue Reading →

SoftBank fund leads $60m round in Grofers

Bengaluru: Online grocer Grofers has raised about $60 million, led by Japanese internet and telecom giant SoftBank’s Vision Fund. The latest investment of SoftBank in Grofers is routed via the $100-billion Vision Fund. TOI sourced these documents from business intelligence platform After raising this capital, Grofers is said to be valued at $425 million, according to... Continue Reading →

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