MakeMyTrip and Ibibo close merger; Revenue is up 38.6% to $123.2 million
Source: Medianama
Online travel agencies MakeMyTrip and the Ibibo Group completed the merger and the parent group of Ibibo contributed a working capital of $82.8 million in cash to the new entity.
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BHIM will now allow you to make payments via Aadhaar
Source: Medianama
The Bharat Interface for Money (BHIM) app will now allow users to send and receive money using their 12-digit Aadhaar number. This comes shortly after the government announced the Aadhaar Pay.
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Myntra adds three new sellers to comply with FDI norms
Source: Techcircle
With the deadline for compliance with foreign direct investment (FDI) norms approaching, Myntra has added three new sellers on its platform to reduce its dependence on Vector E-commerce Pvt Ltd.
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Fashion marketplace Voonik in legal tussle with Surat-based vendors
Source: Techcircle
In another clash between sellers and online marketplace operators, fashion e-tailer Voonik and a group of Surat-based garment sellers are engaged in a legal battle over non-payment of dues.
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Intex Launches MyWallet, a Multipurpose Mobile Wallet For All Android Users
Source: NextBigWhat
Homegrown handset manufacturer Intex has rolled out its in-house e-payment App Intex “MyWallet” on Google Play, making it available to all Android smartphone users.
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FreeCharge Now Lets You Buy Google Play Recharge Codes on App, Website
Source: NextBigWhat
FreeCharge is now allowing users to buy Google Play recharge codes on its platforms, a week after Paytm added the similar option on its app and website.
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Predictive Analytics in Unified Commerce
Source: iamwire
The arrival of “Unified Commerce”, armed with “Predictive Analytics” support system is acting as a catalyst for the further growth of retail in multiple channels and formats.
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E-Commerce Retailers vs Buyer Objections
Source: iamwire
Customers respond that the most common cause of shopping failures are either improper delivery terms, or unspecified delivery date as per a recent survey verified by ComScore.
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MobiKwik says it’s on course to achieve Rs 1,000cr GMV, to set up offices in 13 Indian cities
Source: Yourstory
Indian payments company MobiKwik revealed its expansion strategy by announcing that it is setting up offices across 13 cities by the end of the first quarter of 2017.
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Introducing an AI-based app that clicks the most ‘sell-able’ pictures using your mobile phone
Source: Yourstory
Pictor’s clients predominantly belong to one of two sets - e-commerce companies or online sellers, including big players like Flipkart, GS1 and Amazon.
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