They in three versions in terms of storage: 16 GB, 64 GB and 128 GB.
With this round of funding, Flipkart's valuation has reached USD 11.6 billion, and US IT major Microsoft joins the marketplace as a strategic investor.
The top five most trusted brands are Samsung Mobiles, Sony, LG, Nokia and Tata.
The Indian e-commerce sector is getting a good response from rural and Tier-III cities, Sharat Digumarti, head (operations), eBay India said at the launch of the eBay India census 2010 at Hyderabad.
India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that could boost competition in one of the world's biggest, and most price-sensitive, retail markets.
Vistara'a launch, the steel plant at Kalinganagar and e-commerce venture are the ones most awaited for
A phishing scam targetting those buying via eBay was discovered recently.
Women are increasingly getting active in shopping online by prominently buying lifestyle and electronic items.
An initiative to fund the education of bright Indian youngsters undertaken by two Indian-Americans has now acquired a momentum of its own, discovers Anjuli Bhargava.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
England pacer James Anderson has announced that he will auction his signed Test shirt and a cricket bat, which he used in the last game to raise funds for the coronavirus relief. AB de Villiers also revealed that he would be auctioning his and Virat Kohli's IPL kits.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Indian companies are gearing up to Valentine's Day with offers and gifts for the customers.
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Recently, the central bank has asked online cab service provider Uber to rework its billing system to enable two-step authentication system. Following this, many have dubbed the central bank's decision as regressive.
E-commerce websites are developing online content in Indian languages.
The privately-owned Hangzhou-based group, which has been in news for its impending IPO, is already sourcing human hair from the southern regions of India and has identified this category as a 'big opportunity', along with others like machinery, agro products, apparel and spices.
The overall e-commerce opportunity in India and China is comparable, yet it's hard to see any single player in India emerging with Alibaba-like market share.
The company has said the funds raised will be used to invest in product development and expansion of its fast-growing mobile business.
A total of Rs 396 crore has been mopped up, as on August 20 against Rs 407 crore collected in the same period last year. This was despite the expansion of the levy to online e-commerce players from this financial year.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
Flipkart eyes another $500 mn from eBay, which seeks to merge India ops with it and exit business
. While Samsung has managed to shake Apple with its big-screen smartphones priced competitively, many still pledge their allegiance to Apple.
Amazon has seen its India sales growing four times this year.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
New government should consider reforming taxation rules.
According to experts, the company might be trying to ape Amazon, the largest e-commerce player in the world.
The FDI floodgates have opened mega opportunities for not only brick-and-mortar retailers, but for their virtual peers as well.
A successful entrepreneur and now an investor, Avnish Bajaj, the managing director of Matrix Partners India, has seen both sides of the investment cycle.
According to the eBay India Census 2008, India's top five e-commerce hubs are Mumbai, Delhi, Hyderabad, Bengaluru and Chennai. "Over 2,427 cities had online transactions in 2007. The IT hubs of Andhra Pradesh, Kerala, Maharashtra, Tamil Nadu and Karnataka were the most wired states of India, with the maximum number of towns where e-commerce originates," says eBay India Director (category management) B Muralikrishnan.
Indian online retailers have been raising funds to expand and compete with bigger rival Amazon.com Inc as more Indians shop on the Internet.
Kini, is set to return to the United States in June, and will launch his venture in the environment space.
The Indian Premier League fever seems to have spread across borders, as more and more people from non-cricket playing nations like the US and Germany are buying merchandise of the franchise teams online.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
The firm, which traces its origin back to 1862 in a humble Kolkata bakery and its subsequent listing on the bourses in 1918, says that it now wants to grow "substantially" and not just rest on its laurels.
Indian e-commerce company raises Rs 600 crore in sixth round of funding.
Think setting up the house with the Internet's help is a crazy idea? Think again.
Cyber squatters may have made their life a tad difficult, but enterprising individuals have managed to make an honest living selling domain names -- with auction portal eBay India alone recording one sale every eight hours.
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