China-based investment management firm Hillhouse Capital will funnel $250 million into California-headquartered e-commerce platform solutions provider Magento to help its growth in Asia.
By Nguyen Thi Bich Ngoc
LeFlair will use proceeds to increase capacity & bring in more foreign brands
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 »
Even as 2016 started on a slow note as far as startup investments were concerned, the somber mood did not deter angel investors from backing the new wave of startups. Ratan Tata and Kunal Shah emerged as the most active angel investors in 2016 with both of them having invested… Read more »
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 »
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 »
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 »
This has marked the largest investment in the female-focused vertical of e-commerce in 2016, the Chinese fund manager said in a statement.
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 »
Singapore-based e-commerce technology firm Shopmatic has acquired Taiwan-based Ruby on Rails’ technology firm 5xRuby for an undisclosed amount.