Exclusive: 500 Startups-backed e-commerce startup Leflair bags $1m funding


LeFlair will use proceeds to increase capacity & bring in more foreign brands

Image: Leflair Facebook Page
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Indonesia: Lingerie startup Lolalola shuts down website

Lolalola, the Indonesian online lingerie platform, recently announced that it has officially shut down its website effectively starting on January 4, 2017. Lolalola did not state any further reason, but said that customers can still make purchases on the startup’s official Facebook and Instagram. Led by CEO Donna Lesmana, the… Read more »

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startup computer pixabay
The 40 people who matter in the Indian startup ecosystem

In the first of a multi-part series, Mint profiles the 40 most influential people in India’s start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most prominently those connected with enterprise software or Software as a Service (SaaS) start-ups that are fast becoming… Read more »

Nandan Nilekani. Photo: Ramesh Pathania/Mint
India: Infy co-founder Nilekani invests $5m more in 10i Commerce

Infosys Ltd co-founder Nandan Nilekani has invested $5 million more in Bengaluru-based e-commerce start-up 10i Commerce Services, according to regulatory documents and a person familiar with the matter. With the latest investment, the former chairman of the Unique Identification Authority of India (UIDAI) has so far invested about $10 million… Read more »

The bar set by Amazon CEO Jeff Bezos is so high on focus that the e-commerce firm doesn’t really care or get distracted by these conversations, says Amit Agarwal. Photo: Aniruddha Chowdhury/Mint
Amazon to step up India investments further

Amazon India chief Amit Agarwal on Wednesday said his company was fully prepared to deal with protectionist measures if such a situation arises at all, a fortnight after the founders of homegrown unicorns Flipkart and c sought government help to take on global rivals. In an interview, Agarwal said the Seattle-based… Read more »

Photo by Stuart Miles. Image ID: 10055016
Indian e-commerce wave is far from over even as funding slows

Sachin Bansal, co-founder and chairman of Flipkart, India’s largest e-commerce firm, cut a rather sorry figure last week when he sought government protection at a public forum to stave off competition from foreign players. Bansal and Flipkart have had a rather tough year. It has been more than 12 months… Read more »

Shopmatic founders Kris Chen,  Anurag Avula and Yen Lim (from left to right)