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Retail Asia05/02/2019

Leading Indian e-tailer Snapdeal on Tuesday supported the implementation of revised Foreign Direct Investment (FDI) policy on e-commerce from February 1. “Snapdeal supports the immediate implementation of the current FDI policy on e-commerce so that marketplaces are not misused to run inventory operations,” Delhi-based Snapdeal told IANS in a statement. The Ministry of Commerce and Industry on […]

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Retail Asia29/11/2018

India’s e-commerce major Snapdeal Monday said it has launched ‘Brand Shield’, an anti-counterfeiting programme to help brands report counterfeit products being sold on its platform. The programme has been designed based on the inputs received from various brand owners, Snapdeal said in a statement. The programme is aimed at enabling a structured interaction between the platform and […]

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Retail Asia12/11/2018

E-commerce firm Snapdeal has narrowed its consolidated losses substantially to Rs 613 crore for FY2017-18, as per regulatory documents. According to a report: The company, which competes with larger rivals like Amazon and Flipkart, had posted a consolidated loss of Rs 4,647.1 crore in FY2016-17, documents filed with the Corporate Affairs Ministry showed. The consolidated revenue from operations declined to […]

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Retail Asia10/02/2017

Amazon India has applied to the government to invest US$500 million in a wholly owned venture that will allow the US eCommerce giant to stock locally produced food items and sell them online. If successful, it would become the first foreign retailer to enter the segment. Amazon already has an eCommerce marketplace in India, but […]

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Retail Asia22/11/2016

‘Boycott China’ messages may have become routine on WhatsApp in India. But in the startup world, India and China are drawing closer. Chinese firms and funds have become big investors in Indian startups , and they are becoming particularly useful now as US funds slow down. Beijing Miteno Communication Technology, a Chinese tech conglomerate, made […]

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Retail Asia28/09/2016

Chinese tech firm LeEco India plans to open 1000 outlets across the subcontinent by the end of this year. Expecting half of its revenue in India to come from physical stores, LeEco filed an application five months ago with the Foreign Investment Promotion Board (FIPB) to open single-brand retail stores. These will be a mix […]

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Retail Asia14/09/2016

Coupang’s net sales more than doubled in the first half of the year, helping to validate SoftBank Group Corp.’s bet that the South Korean web retailer will carve out a piece of Asia’s booming e-commerce market. Net revenue rose to 868 billion won ($782 million) in the first half of the year, helped by retail […]

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Retail Asia06/05/2016

Investors have injected US$339 million lifeline into GFG, which owns the struggling Rocket Internet fashion websites. Rocket Internet and others have sunk the euro 300 million into its Global Fashion Group, raising GFG’s valuation to €1 billion – which is about a third of what it was worth hardly a year ago, when it raised […]

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Retail Asia02/05/2016

The Indian eCommerce industry is expected to burgeon in the next four years, according to a report by the Confederation of Indian Industry (CII) and Deloitte Touche Tohmatsu India. While the business to business (B2B) segment is expected to more than double from US$300 billion last year to $700 billion in 2020, the business to […]

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Retail Asia12/10/2015

Indian online marketplace Snapdeal has launched an omnichannel platform that integrates its offline and online retail channels. It offers customers the convenience of online discovery and ordering along with faster hyper-local fulfilment and is expected to power an ecosystem of leading brands, large format retailers (LFRs), small businesses and technology start-ups. The first categories to go live on […]

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Retail Asia24/09/2015

India – not China – is set to become the fastest growing B2C eCommerce market of the BRIC countries in the next five years. A new publication by Germany-based secondary market research expert yStats.com India B2C eCommerce Market 2015 also reveals the main challenges faced by online retail in this country, including underdeveloped logistics and […]

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Retail Asia18/06/2015

The Union authorities won’t ease overseas direct funding (FDI) guidelines for digital commerce. Minister of State for Commerce and Business Nirmala Sitharaman final month met executives of Flipkart andSnapdeal and representatives from the Confederation of Indian Business (CII) and the Federation of Indian Chambers of Commerce and Business (Ficci) to evaluate the impression of FDIon […]

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Retail Asia19/03/2015

Snapdeal.com, India’s online marketplace has entered into a partnership with IndiVillage – a social enterprise that works on creating economic opportunities for women and youth in rural India. Under the partnership, sellers on Snapdeal can cost effectively outsource their imaging tagging, transcription and content development for product descriptions to IndiVillage , hence creating significant rural […]

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Retail Asia28/02/2015

Snapdeal has become the first e-commerce company in India to enter the best employers’ club. The latest survey by Great Place To Work Institute India, in partnership with Retailers Association of India, has put the New Delhi-based firm among the top 10 employers among retailers. The other nine companies in the list are traditional brick […]

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Retail Asia13/02/2015

After doing USD2 billion gross merchandise value of sales last year, Snapdeal seeks to hit USD3 billion in the next two months; Its seller base has grown to 100,000, from 1,000 in 2012.

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Retail Asia27/01/2015

India’s online marketplace Snapdeal.com recently launched a 50:50 joint venture with DEN networks to launch a TV Commerce channel. The DEN Snapdeal TV shop is urrently available for viewers on channel number 132 on DEN cable network and will be extended to other cable and DTH networks in the course of the next six months. […]

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