Indian e-commerce giant Flipkart recently said that it is raising $1.2bn in funding led by majority owner Walmart Inc. The investment, also funded by other existing shareholders, values Flipkart at $24.9 billion, and comes two years after U.S. retail giant Walmart bought the company from its founder for $16bn acquiring more than 70% stake. Flipkart…
Leading socks eCommerce startup Soxytoes recently announced that it has raised an undisclosed amount of investment from Gurugram-based angel investors network. According to a company statement, the startup plans to use these funds for digital marketing, increasing their kiosk network, expanding into international markets and launching new product lines such as personalized and kids socks.…
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…
Moda Operandi, an online marketplace of right-off-the-runway luxury fashion, accessories and home decor, announced that the company has raised $100 million. The company plans to utilise funds to invest in its platform and technology as well as to continue growing business overall. Founded in 2010, Moda Operandi offers products from some 1,000 brands and designers…
If you think that the e-commerce and online business space is facing the heat because of high burn rates, low margins & disappearing investments, have a re-look. There are some stronger players still attracting investments, and at hiringsquare.com, when we see investments in any business or a sector, we clearly assume that a decent chunk…