EbixCash Private Limited, a subsidiary of Ebix, Inc., an international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, has announced the appointment of Mr. S Ravi, as a new independent director to the EbixCash Board. Ravi brings a vast repertoire of experience across banks, financial institutions, insurance companies,…
Flipkart, India’s homegrown e-commerce marketplace, in the past three months, over March – May 2021, has hired 23,000 people across the country in various capacities across its supply chain, including delivery executives. “At Flipkart, our top priority is to meet the needs of consumers through a safe and robust supply chain while ensuring the safety…
EcoCart, a climate and sustainability-focused e-commerce enablement startup, has closed $3M in Seed funding led by Base10 Partners’ Chris Zeoli. The round includes participation from Sugar Capital, Brian Sugar’s early-stage venture fund, as well as several strategic angel investors including Jamie Sutton (creator of Shopify Plus), Ben Jabbaway (Founder and CEO of Privy), Rich Gardner…
Bangalore-based startup, DealShare has secured Rs 25 crore debt funding. With this, the e-commerce startup has raised Rs 267 crore in total. Vineet Rao, CEO and founder at DealShare, said, “DealShare has always been motivated towards bringing the e-commerce experience to the masses, especially the low and mid-income population. Since our inception, our vision has…
Bengaluru-based payments and banking technology company, Cashfree, has launched its payments toolkit for e-commerce stores and marketplaces in India. The company said in a statement, “With a host of specific solutions, this product suite enables e-commerce businesses to collect payments on the website, mobile app or any social media channel using the Cashfree’s payment gateway,…
E-commerce giant, Amazon has announced the launch of Distance Assistant solution, to monitor manufacturing staff and machines in India. The Distance Assistant solution will be deployed across its operational sites in the country, to remind the workers, through visual cues and sensors, to maintain social distancing in real-time. Dr Karuna Shankar Pande, Director-Fulfilment Centres and…
NorthShore Care Supply, a US-based company that provides high-absorbency adult diapers, youth diapers, bladder control pads, guards and waterproof bed pads, announced that it has named Dhiraj Rustagi to the newly created position of Vice President, E-Commerce and Marketing. In his new role, Rustagi will lead the effort to expand the reach for the leading…
San Francisco-based online grocery store Instacart recently announced that it has raised $225mn as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart continues to experience an unprecedented surge in customer demand for grocery delivery and pickup due to…
Mukesh Ambani-led Reliance Jio’s much anticipated e-commerce project JioMart has finally gone live after months of testing and trial projects. The company started receiving orders from serviceable pin codes soon after the website went live. In an attempt to lure new customers, the website is selling certain products at a minimum of 5% discount on…
The Government of India recently announced the fourth phase of nationwide lockdown but with some relief to businesses. E-commerce companies who were only delivering essential products until now, are finally allowed to deliver all products in the red zones. As per the new guidelines issued on May 17 for the third extension of the lockdown,…
After the second phase of lockdown came to an end, e-commerce websites in India are now finally get geared up for resuming of business in non-essential items. Although the Ministry of Home Affairs has given a go-ahead for resuming businesses, major Indian cities which makes a huge chunk of their sales, are still under lockdown…
ManyChat, a San Francisco-based chat marketing platform, announced that it has acquired Converlytics, which enables businesses to track, analyze, and quantify valuable attribution analytics connecting Facebook Messenger to Shopify. Post acquisition, ManyChat Pro users can have access to more robust analytics at no additional charge, enabling them to pinpoint marketing dollars to specific campaigns. “As…
E-commerce giant Amazon was recently ordered to close its warehouses in France until at least early next week. The company has been ordered to limit deliveries to essential goods such as food and medical supplies. According to Reuters reports, in an internal document sent to French unions ahead of a meeting on Wednesday afternoon, Amazon…
The coronavirus pandemic has impacted several jobs globally with nearly 10mn people have filed for unemployment benefits in America alone. The pandemic has forced businesses to close operations and employees have been sent on furloughs for indefinite periods. The International Labour Organization has predicted that globally around 2.5mn jobs would be lost due to the…
Plug-and-play E-commerce platform for offline stores Near.Store recently announced that it has raised $300,000 in seed funding from venture capital fund Sauce.vc and other individual investors. Near.Store helps offline stores go online, digitize their inventory, develop new consumer relationships and access business data and insights to make their business more efficient. This is done through…