The Mitron app said the company will use the funding for product development, user engagement, and talent acquisition. The company also plans to onboard a network of content creators and invest in building its platform

Amazon stated that they were committed to cater services to more than 100 million Indians so that people can avail products while staying indoors

\"Somehow the narrative instead of being public health has became \"level playing field\" between e-commerce players and offline retail,\" says Sanjay Sethi, CEO, ShopClues

The addition of seven unicorns in 2019 till August, takes the total number of unicorns to 24, making India the country with the third highest number of unicorns

WhatsApp snoopgate: Govt, military officials across 20 countries targeted for hacking through messaging appSenior government officials in multiple US-allied countries were targeted earlier this year with hacking software that used Facebook Inc's WhatsApp to take over users' phones, according to people familiar with the messaging company's investigation. Sources familiar with WhatsApp's internal investigation into the breach said a \"significant\" portion of the known victims are h...

ShopClues appears to have lost out in India's fierce e-tailing battleground dominated by Flipkart and Amazon; while Flipkart and Myntra had a 36.6% market share in FY2018, Amazon had 31.2 %; ShopClues accounted for just 1.6% of India's e-tailing pie.

German Chancellor Angela Merkel to hold talks with Prime Minister Narendra Modi; ShopClues to merge with Singapore-based Qoo10 Pte Ltd; Reliance's Jio criticises telecom lobby warnings on sector health and more news on News Blast.

This partnership presents new strategic opportunities for both companies, as it opens up cross border opportunities for consumers and sellers across Asia, ShopClues said

The company admitted in the last two years even as it reduced losses by 85 per cent via cost reduction and contribution expansion, it reduced its operational workforce 15 per cent to further lower operational costs

ShopClues (which is registered as Clues Network) posted losses of Rs 2.08 billion (Rs 208 crore) for the year ended March 2018. The company - which has raised about USD 250 million so far - focusses on tier II and III cities

Snapdeal's consolidated revenues jumped to Rs 925.3 crore in FY19 from Rs 535.9 crore in FY18. This is an increase of nearly 73%, the company said in its regulatory filing Tuesday.

The investment deal being hashed out with SoftBank Vision Fund is close to three times the amount of funds it has managed to raise since it was founded and if things go to plan will see Lenskart's valuation jump over 176 per cent in just nine months

The due diligence process is underway and Snapdeal is expected to take a call on the acquisition over the next few weeks

Sandeep Aggarwal of Droom, Neha Kant of Clovia and Sujeet Kumar of Udaan at Business Today's 6th edition of MindRush to discuss their experiences and shared some valuable insights which would help aspiring entrepreneurs.