Chinese e-tailer ClubFactory.com sets up a company in India to sell China made goods to Indian customers

RIL at heels, Flipkart rushes to step up Reliance on local stores

NEW DELHI: As Reliance Retail prepares to roll out its “new-commerce” multi-channel retail play by bringing millions of kiranas or small neighbourhood stores on board, Walmart-owned Flipkart is also courting them in a big way. To begin with, Flipkart plans to make 15,000 small convenience stores, beauty salons, bakeries and pharmacies, among others, sell something they normally don’t stock: smartphones. It plans to push other products in future, and also use these stores as last-mile delivery agents. The ecommerce giant is currently piloting a project in Telangana, where it has partnered with about 800 small shopkeepers to sell mobile phones through the Flipkart app. The company ships the phones to the stores from where the orders originate, and the kiranas in turn deliver...
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Reliance prepares the ground for e-commerce launch

Reliance Retail is testing a food and grocery app among employees before the commercial launch of its e-commerce platform This strategy mirrors the one adopted by Mukesh Ambani-led Reliance Industries before the launch of Reliance Jio Mumbai: Reliance Industries Ltd’s retail arm—Reliance Retail Ltd—is testing its food and grocery app among its employees before the commercial launch of its e-commerce venture, mirroring the strategy India’s most valuable company adopted ahead of launching its 4G telecom service in Reliance Jio Infocomm Ltd. The grocery app would be made available to the public by this year-end and orders made on the app fulfilled by local merchants, two people aware of the matter said, requesting anonymity. Reliance Industries’ entry into the...
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Snapdeal In Early Talks For Buying

Snapdeal, which survived a near-closure two years ago, is in initial talks to buy smaller online retailer ShopClues in an all-stock deal, according to two people privy to the development.. Gurugram-based ShopClues reached out to Snapdeal to explore a possible buyout, one of the persons quoted above said requesting anonymity as the talks are private. Founders are trying to save the firm as it has not been able to raise funds since August, the person said. Sanjay Sethi, founder of ShopClues, in a text message to BloombergQuint said, “There’s nothing to it (the deal).” Snapdeal wasn’t immediately available for a comment. Entrackr first reported on the merger talks. ShopClues is struggling in a market dominated by deep-pocketed Amazon and Flipkart with just about 35,000...
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Election-based merchandise selling fast on Snapdeal

With 2019 Lok Sabha elections now around the corner, election-based merchandise is now selling like hot cakes on Snapdeal. From sarees to T-shirts, power banks to USB drives, posters to coffee mugs, candidate and party-branded products are being purchased from all over India by enthusiastic supporters. Car and bike stickers, T-Shirts, caps, water bottles and key chains are the highest selling items, with maximum demand from buyers in Andhra Pradesh, Tamil Nadu, Maharashtra and Gujarat. The innovative range available on Snapdeal shows how important online channels have become for political parties and their supporters in their battle to gain high visibility and maximum reach. Interestingly, there are many products which simply exhort young voters to go out and cast their...
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Shopclues approaches Snapdeal

With mounting losses – over Rs 270 crore in FY18 – e-tailer ShopClues is understood to have approached Snapdeal for a possible buy-out. “ShopClues has approached Snapdeal but the talks are in a very preliminary stage. The contours of the deal have not yet been worked out,” a source aware of the discussions told FE. Documents sourced from business intelligence platform Tofler showed that ShopClues posted losses of Rs 347.15 crore in FY17 while revenue from operations stood at a mere Rs 180.03 crore during the period. Losses in FY16 were higher at Rs 383.05 crore while in FY15, the firm reported losses of over Rs 100 crore. “While we don’t respond to market rumours, there are no talks of merger with anyone,” a spokesperson at ShopClues said in response to FE’s query....
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