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April 19, 2014
 
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  News 
Myntra founders set to make Rs. 427 cr from Flipkart deal; Flipkart will buy a little more than 50% of the company
Hindustan Times
The deal will give Myntra.com's 400 employees, who own about a sixth of the company's equity, about Rs. 350 crore and turn many of them into dollar millionaires. The deal will fill a critical gap in Flipkart.com's product portfolio and give it heft to take on Amazon.com, the world's largest e-commerce firm, which is targeting the Indian market. Facebook Twitter Linkedin Email

Flipkart, Myntra merger to set stage for online combat; Two e-tailers talking directly with each other without involving any investment banker - Business Standard

Flipkart, Myntra merger to set stage for online combat; Two e-tailers talking directly with each other without involving any investment banker
Business Standard
And at this point, the Bangalore-based firms, both started in 2007, are learnt to be just focused on this transaction. Legal and finance teams, besides the top management, are believed to be in the thick of things, talking valuation and target gross merchandise value. Facebook Twitter Linkedin Email

Flipkart and Myntra enter final lap in negotiation, deal to be finalised soon; Myntra is aiming for a valuation of $400 million  - Economic Times
Flipkart and Myntra enter final lap in negotiation, deal to be finalised soon; Myntra is aiming for a valuation of $400 million
Economic Times
Negotiators are considering a "target valuation" of $350 million, and may push the offer to $370 million, but there is "no possibility" of valuing Myntra at $400 million, according to a source with direct knowledge of talks. Facebook Twitter Linkedin Email

Flipkart re-launches television category with same-day delivery; service will be offered in Mumbai, Delhi and Bangalore, other regions will soon be added
indiatvnews.com
The category will be offered only to shoppers from Mumbai, Bangalore and Delhi with plans to eventually start deliveries to other cities. Consumers can choose from brands like Samsung, Sony, LG, Panasonic, Philips, Toshiba and Videocon. Facebook Twitter Linkedin Email

Full autonomy for management must, also need a commitment to build our private brands portfolio: Myntras Mukesh Bansal - Economic Times
Full autonomy for management must, also need a commitment to build our private brands portfolio: Myntra's Mukesh Bansal
Economic Times
"We need them to commit to invest between $100-150 million in Myntra. We have been successful because of the unique culture we have and the exceptional team.", says Mukesh. Facebook Twitter Linkedin Email

IDG Ventures, Vertex lead Rs 140 crore funding round for Yatra; Gurgaon-based venture valued at about $400 million
Economic Times
The funding led by new investors, technology investment firm IDG Ventures India and Vertex Venture Holdings, a wholly-ownedsubsidiary of Temasek Holdings, the investment arm of the government of Singapore is the fifth round of funding for travel services portal. Facebook Twitter Linkedin Email

Online shoppers population to touch 38 million by 2015;Credit card finds two-times more transactions on Flipkart, 1.6 times at Jabong and six times at Infibeam
Economic Times
Last August the country has overtaken Japan to become the world's third-largest online market in terms of internet user base, growing at 31 per cent, after China and the US, according to research firm comScore. Facebook Twitter Linkedin Email

Diversified online firm Smile, private investment firm TPG ink $100-m JV to invest in e-commerce
Financial Express
"The joint venture will partner with successful internet companies in the marketplace, classified listings, local commerce, digital media, e-commerce and mobile space and help roll out their businesses across Asia and other emerging markets," Smile Group said in a statement. Facebook Twitter Linkedin Email

Retail versus e-tail: As etailers require physical formats and physical retailers see a need to go online, new models will emerge
Financial Express
According to PwC's Global Multi-Channel survey, the top two reasons shoppers buy online is convenience, followed by cost. Online shopping gives them the convenience of shopping from home, doing so 24/7, and it also gives them the cost advantage. Facebook Twitter Linkedin Email

Snapdeal.com acquires online product discovery platform Doozton.com; third acquisition in three years - Economic Times
Snapdeal.com acquires online product discovery platform Doozton.com; third acquisition in three years
Economic Times
Doozton.com is an online product discovery technology website focused on the fashion and lifestyle categories that help consumers discover trending products and designs from online stores across India. Facebook Twitter Linkedin Email

GSK, PepsiCo, Godrej hit e-way, launching products online first; reach out to consumers at a fraction of the cost of other platforms
Economic Times
"It gave us instant feedback and key insights," said Sameer Satpathy, executive vice president and business head at Marico, which bought Set Wet and other personal care brands of Paras Pharmaceuticals from UK firm Reckitt Benckiser in 2012. Facebook Twitter Linkedin Email

Myntra partners with fashion designers to launch exclusive collections online
Times of India
Along with this, Myntra.com has also launched the 2014 collection of BIBA by Rohit Bal and Indian by Manish Arora. The products would be available exclusively on Myntra.com, a statement from the company said. Facebook Twitter Linkedin Email

Myntra plans to offer chat-based shopping assistant; sets aside 30% of every investment for mobile; targets Rs 6,000 crore sales by early 2016 - Economic Times
Myntra plans to offer chat-based shopping assistant; sets aside 30% of every investment for mobile; targets Rs 6,000 crore sales by early 2016
Economic Times
Myntra's chief technology and product officer Shamik Sharma said the company is set to launch its android and iOS apps in the next few weeks. "The rumours (of Myntra-Flipkart deal) notwithstanding, it is business as usual for us. The focus for every employee is the mobile transition," said Sharma. Facebook Twitter Linkedin Email

  Trends 
How a 107-Year-Old Sneaker Company Reinvented Its Business With Omni-Channel Retail?
Shopify
With 107 years of history behind them, Packer Shoes continues to blend the old with the new, maintaining its heritage, while embracing the modern. Their non-traditional approach to offline and online marketing has allowed the company to adapt and thrive to this day. Facebook Twitter Linkedin Email

How a Childhood Passion Evolved Into a $1K per Week Ecommerce Business
Shopify
Today the childhood passion and side-project has turned into a full-time ecommerce business that yields him about $1,000 per week. What's even more amazing is that he's managed to accomplish all this with a basic website, a modest following on social media, and a very DIY approach to product photography. Facebook Twitter Linkedin Email

40 Tools and Resources For Creating Beautiful DIY Product Photography
Shopify
As a follow-up, we've compiled 40 tools and resources to help you take your own product photos. These include resources on lighting, recommendations of experts, and things you need for your home studio. Facebook Twitter Linkedin Email

Mobile phones induce men to shop more, but with better control on money
CIOL
Over 47 percent of Indian men who participated in a survey believed that their spending has increased ever since they have started using their mobiles for purchases, like shopping, travel, ticketing, etc. Facebook Twitter Linkedin Email

  Insight 
Reducing supply chain vulnerability Reducing supply chain vulnerability
Deloitte

How to use analytics and visualization to reduce supply chain vulnerability. Facebook Twitter Linkedin Email


Bolstering your supply chain  Bolstering your supply chain
Ernst&Young

Supply chain is important. But not many people understand exactly how important it is. Facebook Twitter Linkedin Email


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