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Tag: e-commerce (page 1 of 2)

Clubhouse launches payments so creators can make money

Clubhouse will let users send money to their favourite creators. The feature — Clubhouse Payments — can be used to send by going to the profile of the creator and hit “Send Money” and enter an amount. The creator has to enable the feature. “100% of the payment will go to the creator. The person sending the money will also be charged a small card processing fee, which will go to the processing partner, Stripe,” Clubhouse said in a blog post.

Tata Digital in talks with Just Dial to foray into e-com space

Tata Digital has held talks with Just Dial to explore the option of striking a strategic alliance to venture into the e-com space. But, nothing has been finalised as of yet. The mergers and acquisitions team of Tata Sons has been putting together a list of possible partnerships that can help Tata Digital reach and scale-up in the online consumer space. The company is also said to be in talks with various other firms to finalise its ‘Super App’.

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Flipkart announces Voice Search feature with Hindi, English support

Flipkart had extended the Voice Search feature from grocery service to its e-com platform in both English and Hindi languages. The company said the objective was to help new users understand who are mostly from non-metro/tier 1 cities. For sellers, the functionality will allow them to make in-roads to a larger market. It has deployed multiple capabilities such as Automatic Speech Recognition, NLP, and Text-to-Speech for Indian languages etc.

Tata Group to acquire 68% stake in BigBasket

The Tata group is acquiring 68 % stake in online grocery platform BigBasket for around ₹9,500 cr as it bids to expand in the fast-growing e-comm space in India. The deal provides an exit route for a host of investors of BigBasket, including Chinese billionaire Jack Ma-controlled Alibaba. Tata group’s acquisition puts the enterprise value of BigBasket at over ₹13,500 cr. The move comes at a time when the group is working to develop a super app in the world’s second-largest internet market.

Snapdeal tops US Notorious Markets for counterfeiting, piracy

Snapdeal has been featured in the 2020 Review of Notorious Markets for Counterfeiting and Piracy issued by the Office of the US Trade Representative. It has to face the same accusations in July 2019 of criminal conduct in India for selling counterfeit products. The office has identified 39 online and 34 physical markets. 92% of counterfeit goods originate in China and Hong Kong, additional major points include India, Singapore, Thailand, Turkey, and the UAE.

B2B e-commerce start-up Udaan raises $280 mn

Indian business-to-business e-commerce startup, Udaan had raised $280 mn from existing investors —  Chinese tech giant Tencent, Lightspeed Venture Partners, DST Global, and new investors — Octahedron Capital and Moonstone Capital. Udaan, a Bengaluru based firm founded in 2016, offers everything from consumer goods to fruits and vegetables is now valued at $ 3 bn. Udaan, to date, has now raised $1.15 bn.

Flipkart Wholesale app clocks 75% MoM growth in customer base

Flipkart’s Wholesale app registered a 75% MoM growth in customer base and posted 90% MoM in transactions since September launch. The app currently offers fashion products including clothing, footwear and accessories to retailers across 23 cities. It recently added the grocery category in NCR. The e-commerce company added that 20% of customers on Flipkart Wholesale are from tier 2 or tier 3 cities.

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AWS witnessing strong growth among fintech, healthcare, e-com, logistics startups

AWS Head of Startup Ecosystem (APJ ) Gaurav Arora said that they were witnessing a strong uptake of its cloud services among startups across three segments — fintech, healthcare, e-commerce and logistics in India. The three biggest budget items for any startups are people, tech, and marketing, and that startups need to manage capital to succeed, he said. AWS, competes with Microsoft and Google in the segment, has been strengthening its presence in India.

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Millions of bad bots attacks on e-com sites detected during festival season

Cloud-enabled cybersecurity firm Barracuda Networks have detected millions of bad bots attacks on e-com sites during the festive month of November. These attacks were an attempt by cybercriminals to run DDoS attacks, make fraudulent purchases, and scan for vulnerabilities they can exploit. With the holiday season expected to continue till the New Year, more such attacks on e-com sites are likely, Barracuda Networks warned.

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