Retail News Round Up_ Jan 13,2016

Retail News :

  • Shopclues at par with Snapdeal, Paytm with undisclosed funding valuing company at Rs 7,300 crore
  • Amazon and Future Group partnership on rocks over funding of discounts
  • Nitish Kumar government to impose 13.5% tax on luxury items
  • Amazon has bought a French delivery company
  • PayPal ties-up with first Indian partner Shopmatic for cross-border transactions

  • Reliance eyes Rs 1,800 cr sales from Vimal brand in 3 years
  • Van Heusen ropes Infinite Analytics for its style studio
  • Starbucks says aims to open 500 new stores in China in 2016
  • Start in India, stay in India, government tells fleeing startups
  • Women and Child Development Ministry, eBay partner for online platform for women entrepreneurs
  • Oxigen Wallet launches mobile virtual cards powered by Visa
  • ShopClues raises $100 million; plans IPO in 2017
  • OYO Rooms expands to Malaysia; looks at Africa, South America, South-east Asia next
  • Ortel launches free public WiFi for its customers in Bhubaneswar
  • Hike secures funds from WordPress and Quora founders & other individual investors
  • Persistent Systems acquires CloudPlatform & CloudPortal from Citrix
  • Spice Mobility acquires 22.5% stake in Sunstone Eduversity
  • Hike messenger to match Delhi commuters to comply with odd even rule

 

“Someone is sitting in the shade today because someone planted a tree a long time ago.”

-Warren Buffett

 

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