By Antonia Timmerman
Zalora sold its businesses in Vietnam and Thailand last year
The deal follows Ayala’s investment in ePharmacy startup Wellbridge Health.
Snapdeal was valued at $6.5 billion after a fund-raising last year.
Last year, Snapdeal’s founders drew total compensation of about Rs40 crore each.
Flipkart-owned fashion retailer Myntra plans to invest in and forge strategic partnerships with at least 15-20 local fashion brands as part of its new accelerator programme and is simultaneously looking to bring more international brands to its marketplace this year, a top company executive said. Myntra, which launched its Brand… Read more »
The launch will change the way retail payments are conducted digitally
The platform would initially cover Vietnam and Cambodia.
Uber users in India, who until now had Chinese Internet giant Alibaba-backed PayTM as the only payment wallet option available to book a ride, will now be able to pay through Reliance Jio Infocomm’s Jio Money. Reliance said on Monday it had struck a partnership with Uber Technologies Inc which… Read more »
Online payments firm Paytm, run by One97 Communications Pvt. Ltd, will invest Rs600 crore over the next 10 months to expand its QR code-based payment network, the company said on Monday. Noida-based Paytm said it is aiming to add 10 million merchants enabled with these codes across 650 districts by… Read more »
Chinese tech giant Alibaba Group Holding Ltd has formed a strategic partnership with retail conglomerate Bailian Group, extending a push into bricks-and-mortar retail as online growth slows. The move comes on the heels of a recent purchase of a stake in retailer Suning Commerce Group Co Ltd as well as… Read more »