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International Finance Corp, the private lending arm of the World Bank, is on course to its second investment in an Indian e-commerce venture. It has committed to put in $25 million (Rs 170 crore) in Delhi-based Lenskart Solutions Pvt Ltd, which runs the back-end wholesale supply business of eye-wear etailer, in lieu of a […]

Consumer Internet and e-commerce companies have emerged as the most preferred industry segments across start-ups, according to the India Startup Outlook Report 2016, released by venture debt firm InnoVen Capital on Friday. The report also maps key trends in funding, hiring, opportunities and challenges for 2016 in the start-up ecosystem. Delhi emerged as the most […]

Among a handful of legacy e-commerce firms that used omni-channel strategy and managed to scale up despite being in a niche segment, flower and gifts retailer Ferns ‘n’ Petals (FnP) has more than a notable list of credits. Being a self-funded organisation, Ferns N Petals Pvt Ltd, the firm that operates FnP as an offline […]

Tanuj Jhunjhunwala, 24, quit his job in a multinational car maker to return to his alma mater, the Indian Institute of Technology (IIT), Madras, to start an underwater robotics company. A year on he is gung-ho about his decision. “IIT Madras gave me space, helped in business strategy and provided mentoring. The brand IIT, and […]

E-commerce major Snapdeal has announced that it has suspended the accounts of 23 sellers on its platform. The company had recently introduced new processes to its seller management systems. With the new update, these sellers were found to be indulging in unfair business practices. The refreshed seller interface backed by integrated analytics allow concurrent screening […]