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Electric two-wheeler manufacturer Ather Energy raises $51 million

Electric two-wheeler maker, Ather Energy, has raised $51 million in a fresh funding round led by Sachin Bansal. HeroMotoCorp and InnoVen Capital participated in the funding round. Ather Energy is going...

Flipkart to invest in physical stores in India

With the recent FDI (Foreign Direct Investment) norms proving to be a hurdle for Walmart, who acquired a 77% stake in Flipkart for $16...

Grofers raises record $220 million in Series F funding

Looking to bridge the gap with dominant rival Big Basket, Grofers, who is a well-known player in the grocery e-commerce market, set a record by raising $220...

Flipkart launches online grocery platform in Mumbai

The e-commerce giant based in Bengaluru, Flipkart, has launched its online grocery business ‘Supermart’ in Mumbai. Mumbai is the fifth city where the services have...

Following Flipkart acquisition, Walmart eyes Namdhari Fresh grocery chain

In what was one of the highest acquisitions in the E-commerce market in India, Walmart took over E-commerce giant Flipkart in 2018 in a...

PhonePe crossed two-billion mark transactions through online and offline merchants

The digital payments platform, PhonePe, announced on Monday, that it touched the 2-billion mark in terms of the number of transactions carried out on the application....

Paytm targets revenue of Rs.10,000 crore in the next one year

The Indian e-commerce startup, Paytm, plans to hit their Rs.10,000-crore revenue target in the next one year. As part of its business expansion, the firm...

Paytm launches ‘First’ loyalty programme based on subscription

Paytm, on Tuesday, announced that it has launched its first rewards and loyalty programme that works on a subscription basis. Users can subscribe to the programme, called Paytm...

New FDI rules introduced to bring about a balance in online...

The government introduced new Foreign Direct Investment (FDI) rules aimed at filling the gap between e-commerce sales and physical retail sales. Due to increased phone usage and internet...

PhonePe to enter the financial services sector

PhonePe, which is Flipkart’s payments arm, is all set to enter the financial services sector. The company, which will begin by selling mutual funds...