Category: News

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Real Estate Shopping Festival Launched by Snapdeal

Online marketplace Snapdeal today launched a week-long real estate shopping festival offering properties in a price range of Rs 20 lakh to Rs 5 crore. The shopping carnival called ‘Freedom from Rent’, to be held during January 14-20, will feature special project launches and exclusive offers from builders like TVS...

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Flipkart raises Rs 6,000 crore in fresh funds

Flipkart will announce possibly as early as next week that it has raised over $1 billion (Rs 6,000 crore), the biggest ever fund-raising by an Indian e-commerce company, two people aware of the development said. Half of the amount will come from existing investors Tiger Global, Russian billionaire Yuri Milner’s...

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Flipkart acquires Myntra

Marking the biggest consolidation in the e-commerce space in India, homegrown e-retailer Flipkart has acquired online fashion retailer Myntra in an estimated Rs 2,000 crore deal. While the companies did not disclose the deal size, sources suggest the deal could be worth about Rs 2,000 crore. “It is a 100%...

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Amazon Opened Seventh Fulfilment Centre in Maharashtra

Global e-commerce major Amazon, which opened its seventh fulfilment centre (FC) in Maharashtra, has agreed to consider the state as its anchor investment destination for operations in the country, an official said. Representational image. Agencies “Not only this fulfilment vertical at Bhiwandi near here, but others like data centres, R&D...