EORS will have a huge collection of specially curated styles and designs across the best of brands at discounts of up to 80 per cent, Myntra said in a statement.

The e-commerce market in India is expected to grow to $220 billion in the value of goods sold by 2025, up from an expected $11 billion this year, Bank of America Merrill Lynch said in a recent report.

\"In our Phase 1, we are looking at targeting most metros and maybe a few more stores in Delhi. Metros and mini-metros are where we get our traction from.\"

\"We have closed our Series B round of funding with an additional $4 million from Innoven Capital, in addition to the $36 million raised from SnapDeal (around September), Sequoia India, SAIF Partners, Ru-Net, Beenext and JAFCO Asia,\" PepperTap CEO Navneet Singh said.

China consumer confidence index produced by ANZ Bank and polling company Roy Morgan fell to a record low in August.

The funding will be used to expand PepperTap's presence to 75 cities from the current 18 cities, customer and talent acquisition, PepperTap Co-Founder and CEO Navneet Singh said.

Freecharge claims that it is set to become the most used wallet within the next six months based on the ecosystem of 8.2 million daily unique users.

Alibaba is not the first company to flag the negative impact on sales of a weakening Chinese economy, but its sheer size makes it a bellwether.

The company is not worried about the wall of cash others have created. The industry, it believes, will diverge and all companies would need to differentiate by niches.

LimeRoad works on a simple premise. It allows you to create your own look - on a virtual scrapbook - using products from 1,500 small vendors on its site.

Pranay Chulet, founder and CEO of Quikr spoke to Manu Kaushik of Business Today about his strategy to take on his rivals.

The market share battle between Flipkart and Snapdeal is hotting up. In an interview with Business Today, Snapdeal CEO Kunal Bahl argues why the race is much tighter than it appears.

The classifieds market, which was largely divided between print classified and some online players, saw a tremendous shift after 2008 when both Quikr and OLX started to focus on the Indian market.

Flipkart has a 44 per cent share of the $6.3 billion Indian e-commerce market. Snapdeal is No.2 with 32 per cent share while Amazon has 15 per cent.

One of Alibaba's key strategies over the next three years is to globalise so that the firm can help more small businesses around the globe.

Several advisers say they are concerned that optimistic estimates and already sky-high prices implied by privately sold stakes could pose a threat to IPOs of these firms.

Snapdeal, which gets a little over US $1 billion in gross merchandise value from its fashion business, expects the figure to touch US $2 billion by the 2015-end with this acquisition.

Flipkart aims to ship one billion units a month and to serve 100 million customers by the 2018 financial year, according to company executives.

There has never been a better time to be an entrepreneur in India. But when there is too much optimism around, it can lead to the building up of a bubble-like situation.

Terming India a nation of mobile phones, Ma said, \"This is a nation with which China can work together and it is a great opportunity for entrepreneurs of two countries.