Office Depot, Alibaba to open co-branded online store

Office Depot and Alibaba have announced they are opening a co-branded online store to expand the reach of both companies with small and medium-sized businesses (SMEs). The two companies announced the agreement as part of a broader array of services they are providing to small business. Over time, the companies intend to help US-based small businesses sell their... Continue Reading →

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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 Paper.vc. After raising this capital, Grofers is said to be valued at $425 million, according to... Continue Reading →

Zomato gets Rs 441 crore in funding round led by Delivery Hero

BENGALURU: Online restaurant discovery and food delivery platform Zomato has said it is raising $62.5 million (about Rs 441 crore) in a fresh round of funding led by Naspers-backed German food-tech major Delivery Hero. The capital infusion is part of Zomato’s ongoing Series I round, and is likely to value the Gurgaon-headquartered company at about $2 billion. Also participating in the round are... Continue Reading →

Marks and Spencer, Ocado sign GBP 750 mln deal

UK-based retailer Marks and Spencer has agreed a joint venture with online grocery retailer Ocado that would give Marks and Spencer a full online food delivery service. Under the deal, Marks and Spencer will buy a 50% share of Ocado’s UK retail business for up to GBP 750 million (USD 994 million). The two retailers said customers will benefit... Continue Reading →

Filipino nurse becomes peso millionaire after shopping in Dubai during DSF Filipino nurse makes several purchases during Dubai Shopping Festival

Dubai: Shopping isn’t all about draining one’s bank account. It can turn spending into financial rewards, too, at least for some fortunate few. One such lucky person is Angela Mortos, a Filipino expatriate who recently walked away with Dh100,000 from a shopping mall in the UAE. The Dubai-based nurse had spent a total of Dh2,000... Continue Reading →

Emaar Malls pays Dh475.5m for remaining 49% of Namshi

Dubai: Reinforcing its online presence, Emaar Malls has paid Dh475.5 million to raise its ownership in Namshi, the fashion portal, from 51 per cent to 100 per cent. The payment was made to Global Fashion Group, which had initially sold the 51 per cent stake in 2017. Emaar Malls holds assets such as The Dubai... Continue Reading →

Would Saudi Arabia be the future promising land for entertainment?

Dubai:Saudi Arabia, which hosted a series of path-breaking concerts last month, is preparing to host a regional forum on cinema in April. The message is clear: The kingdom is opening up entertainment options for its citizens that even two years ago would have been unthinkable. Not just that, these projects could help develop propel entertainment... Continue Reading →

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