Online fashion retailer Jabong has raised $27.5 mn from UK based CDC group in a round that could be $100 mn. Two of its co-founders Manu Jain & Mukul Bafna have quit and the company has sold JaVas to a local player.
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The service offers less than 5 second response time, defined IT enabled process to handle different queries, real time resolution, email support for customized responses including complaint redressal to resolve customer complaint and structured processes ensuring continuous customer engagement.
The company has already signed deals with more than 10 e-tailers including DoneByNone, YouShine, YepMe and several others to handle their logistics.
Venture Capital firm Accel Partners has put together a good study on the e-commerce industry in India. Here are some of our thoughts on it.
Homeshop18 has booked $51 million in sales for the 12 months ended September 30, 2013. The company plans to list under the symbol HS.
eBay is leading a new $133.77 million round of funding in Snapdeal, raising its stake in the company following an initial investment of $50mn made in 2013. The current round also witnessed participation from existing investors including Kalaari Capital, Nexus Venture Partners, Bessemer Venture…
For all those who missed out on the action on NextBigWhat, here is a curated list of all the stuff that we covered this week.
E-commerce player Myntra has confirmed that it has raised $50 million in a fresh round of funding led by Azim Premji’s PremjiInvest and other investors.