Retail News Round Up_Aug 11,2015

Retail News :

 

  • E-commerce firms like Amazon, Flipkart, Paytm and others embark on a hiring spree
  • Ecommerce cos like Zomato, Yepme offer 200% more than offline brands to sign up Bollywood celebs
  • Paytm armed with a war chest of Rs 3,200 crore for acquisitions in e commerce space
  • Flipkart, Snapdeal report strong jump in sales
  • E-tailers like Flipkart, Snapdeal and others pitch for 4G for enhanced shopping experience
  • Zomato, TinyOwl and Swiggy in talks to raise about Rs 1,000 crore
  • Ecommerce firms like Paytm, Snapdeal to give credit score based on online purchases
  • Zomato seeking small stakes in food ordering start-ups abroad
  • MobiKwik aims to process $5 billion transactions in next 2 years
  • Flipkart crosses 150 million products sales mark
  • United States Food and Drug Administration clears Nestle’s Maggi
  • Indian Angel Network Invests Rs 10 crore in Wow!
  • China’s Alibaba to take $4.6 bn stake in retailer Suning
  • Xiaomi launches Redmi 2 Prime, first to be assembled in India; announces Foxconn tie-up
  • Smartphone-driven sales to grow to 40 million by 2016

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