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With the Snapdeal Gold service customers will enjoy facilities free shipping, free upgrade to next-day-delivery and extended purchase protection. The service, to be free for customers, will be available when a user pays for their purchase through Net banking, credit/debit card, EMI or wallet at the time of booking the order, Snapdeal said in a statement. The company also revealed in their registered website that only 100 per cent pre-paid modes of payment are eligible to be upgraded to Snapdeal Gold. As of now, orders paid through prepaid modes of...

E Commerce giant, Flipkart has announced a major reshuffle in its top management. The company has created a bigger role for Kalyan Krishnamurthy, managing director at Flipkart’s largest investor Tiger Global in an effort to streamline its business to revive sluggish sales growth. According to the report published in Live Mint, Krishnamurthy, who started his second stint at Flipkart in June, will now head Flipkart’s marketplace, retail and advertising businesses, The company communicated the development to its employees late on Thursday. Saikiran Krishnamurthy, who was hired as chief operating officer (COO)...

Chinese E Commerce giant Alibaba is reportedly planning to acquire online marketplace ShopClues.com. The move is considered to be an attempt to overtake the established OLS players in the country such as Amazon and Flipkart. According to the TOIreport, Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with the much bigger rival ShopClues. According to the report, the Gurgaon-based ShopClues numbers GIC of Singapore, Tiger Global, Nexus Venture Partners and Helion among its investors and has raised about $250 million till date. ShopClues is positioned...

LeEco Superphones on Wednesday emerged as the favorite on the first day of the three-day “Freedom Day” sale on e-tailer Flipkart. As part of the “Freedom Sale” offers, users can exchange their old smartphones and avail an additional discount of INR 1,500 and INR 2,000 while purchasing Le 2 and Le Max2 smartphones. The purchase can also be made using credit cards on an EMI for a period of six, nine or 12 months, where users will not have to pay any interest or processing fee, the company said. In...

India’s three best known brands in e-commerce have come under fire from CAIT (Confederation of All India Traders) for violating the forms prescribed for FDI related entities in the company. According to the CAIT, Flipkart, Amazon, and Snapdeal have contravened the government’s FDI policy, which prevents securing investments from abroad in entities working on an inventory based model in the area, and a complaint has been made with the DIPP. One may even recall that in March this year, the government had allowed e-commerce entities to avail 100 per cent...

Flipkart is reportedly laying off its employees who have failed to meet professional expectations. Quoting the sources in the company, the ET report stated that the decision is expected to impact 700 to 1,000 staff. “The cleanup is a part of the process of making Flipkart a lean organization,” ET report quoted one of the people cited above. The move, while not unique to Flipkart, is reflective of the challenging times for the online retail industry, as well as the company, which is attempting to find a balance between saving costs and...

In a major relief to offline channel and a big jolt to online marketplaces, the Madhya Pradesh government has proposed 6 per cent entry tax on E Commerce companies. The government has decided to amend the law in order to bring E Commerce transactions under the ambit of taxation. With the move, Madhya Pradesh has joined the list of states who have already levied entry tax on OLS. While offline channel partners have welcomed the move, the E Commerce players seems furious over the decision. Brick and Mortar has demanded...

Chinese internet and technology conglomerate LeEco has announced partnership with Flipkart to provide exchange offers on mobile devices Le 1S Eco, Le 2 and Le Max 2 on 18 and 19 July. Under this offer, users can bring their existing smartphones in working conditions and get the best exchange price. In addition to this, every consumer who opts in for the exchange offers to buy a LeEco Superphone will get an additional exchange value of Rs 2,000 for availing the product exchange option. The same is a part of the...

E Commerce giant Flipkart has reportedly tied up with Chinese bulk sellers, through whom sellers on Flipkart’s platform can access and source products. With the move, the company is looking at China to source cheaper products to get price advantage. According to the Times of India report, Flipkart is tapping China for categories such as electronics, apparel and household items. The company started the service about five-six months ago. For now, it is restricted to select sellers on its platform. It will implement the program on a larger scale in another few...

Amazon has reportedly witnessed a 250 percent year-on-year growth in bringing new sellers on board as it looks to tap into the booming e-commerce market in India. According to reports, the high growth figure is attributed to the e-commerce major’s decision to reduce commissions that are charged to sellers for multiple categories like electronic goods, mobile phones and tablets in order to help them sell at a lower cost. Amazon, which competes with the likes of Flipkart and Snapdeal, has cut its commissions by 25-30 per cent across categories. The...