E-Commerce

Kohli’s fitness chain aims to score 100 branches by 2018...
08 Apr 2016 Published by Rahul Verma 421 Views

Virat Kohli, is known as the toughest guy in his business, has stretched his hands to some real business, with 30 p c stake in Bengaluru-based gym chain ‘Chisel Fitness’.   The fitness chain launched a year ago has announced major plans to set up 100 branches across India by 2018.The New Indian Express, reported, “each centre will see an expenditure of nearly Rs 2 crore for set up, as of now, they have two company-owned gym and expansion will be through franchises.”Satya Sinha,..

Future Group to acquire furniture store FabFurnish.com...
07 Apr 2016 Published by Rahul Verma 292 Views

The Future Group has added another portfolio in its diversifying business after it acquired online furniture store FabFurnish.com—first online store acquisition.The Group it owns a home and furnishing brand HomeTown, this move has strengthen its reach to online platform which is booming after e-marketplaces Pepperfry and Urban Ladder is offering robust segment with catchy offers.“We will leverage FabFurnish’s online platform and delivery model to grow our presence in markets where we do no..

FSSAI registration is must for selling food products online ...
06 Apr 2016 Published by Rahul Verma 277 Views

The growing need of assurance in food products available online has pressed government to ensure FSSAI registration must for e-commerce players in India. The authority manufacture, storage, distribution, sale and import to ensure availability of safe and wholesome food for human consumption.The govt has made clear to e-tailers that if selling food products that need to register under the Food Safety and Standards Act 2006 with the FSSAI."These e-commerce players at their platforms are also s..

RIL extends JIO brand with fashion e-commerce portal Ajio...
03 Apr 2016 Published by Rahul Verma 1469 Views

Reliance Industries Ltd (RIL), the diversifying conglomerate, has expanded its presence in retail fashion with portal Ajio.com, focused on high-fashion brands. The new launched portal will showcase the largest collection of private labels for women online. According to company sources, some 60% of the merchandise it sells, including national and international brands and Indie (ethnic fusion) wear, will be exclusively available on the portal. The fashion will be aimed at 18-34-year groups.Th..

Govt allows 100 pc FDI in E-commerce but with conditions ...
31 Mar 2016 Published by Rahul Verma 271 Views

Traders wing call it 'unfortunate'May bar big discounts rolled by e-tailersDescribed capacity for vendorsIn a major decision, govt. allowed 100 per cent foreign direct investment (FDI) in e-commerce marketplaces, paving smoother passage for international e-tailers in India. However, made it conditional, that FDI is not permitted in inventory based model of e-commerce.The government decision made industry react as clearly defined, ‘100 per cent FDI to the company provides a platform to act as a..

Virtual Reality – Utopia in progress!...
29 Mar 2016 Published by Karthik Manohar Pillai 375 Views

Last week I was strolling inside a mall, wherein I came across a virtual reality experience. I had read some news about virtual reality trying to take on the future of gaming experience. The game was really simple. Wearing a virtual reality headset you are enclosed in an arena filled with shock absorbing mattresses and bean bags. You just had to cross a 7-yard platform. I found it not worth investing my money because of the level of difficulty – it was too mainstream. However, I couldn’t hol..

Abraaj, poured $150 million in the grocery biggie BigBasket...
23 Mar 2016 Published by Rahul Verma 210 Views

 Amazon.com Inc , which is aggressively investing in India, also launched a grocery delivery pilot in Bengaluru late last year.Read more at: http://www.moneycontrol.com/news/business/bigbasket-raises-36150-millionfunding-led-by-abraaOnline supermarket BigBasket has empowered with $150 million (about Rs 1,000 crore) funding by Dubai based Abraaj Group. The funding may strengthen grocery biggie’s express delivery service to take on competition from rival Grofers, LocalBanyaThe growing groce..

Viber’s public chat platform to thrust Startups in India ...
22 Mar 2016 Published by Rahul Verma 332 Views

In effort to perk up visibility and capturing emerging trend of messaging, Viber, has propelled its public chat system to help out startups in India. The fledgling businesses like Zopper, ObiNo, Vuclip, Lootore and KhauGaliDeals are among the startups that are connected to Viber Public Chats, allow users for multitasking follow, comment and conversation streams of celebrities and brands.The messaging platform will help the startups to connect with new people around the globe. “In a world run b..

JLL India to come up with Snapdeal for residential properties solution...
22 Mar 2016 Published by Rahul Verma 225 Views

Property consultancy firm Jones LangLaSalle’s India arm, JLL India, has entered into a collaboration for residential services division with online marketplace Snapdeal in India. The duo will market brokerage-free buyer services in primary sales properties.Snapdeal-JLL can provide home searches and advice homebuyers, to let clients utilize maximum advisory with developers and assist with documentation and mortgages. "E commerce is evolving rapidly and proving to be a major disruptor of tra..

Alibaba to strike the chord of e-commerce in India...
18 Mar 2016 Published by Rahul Verma 244 Views

The ongoing war of pioneering e-tailing business, after Amazon, Jack Ma’s Alibaba is another name eager to expand its presence in India. In the crucial term, the Chinese economy is facing slowdown as well as India marketplaces; this announcement may pour sense of consolidation in India. According to media reports, “Alibaba Group president Michael Evans and global managing director K Guru Gowrappan met Communications and IT minister Ravi Shankar Prasad and underlined the comp..

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