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Grocery delivery startup, Grofers has raised around $60 million in fresh capital from Softbank Vision Fund (SVF), the first tranche of a larger $120-140 million funding round that the company is stitching together. ET had first reported about the financing round in its October 29, edition last year. As reported at the time, SoftBank has […]

The anti-counterfeit measures proposed in the recently released draft national e-commerce policy are being hailed as a step in the right direction by the industry and online sellers. Industry insiders and sellers ET spoke to said that save for a few issues, the government’s anti-counterfeit measures would help in stemming the sale of fake products […]

JD.com, China’s second largest e-commerce firm, reported a 22.4% rise in fourth-quarter revenue on Thursday, beating analyst estimates on the back of stronger online retail sales and sending its U.S.-listed shares up 8%. The results, boosted by the company’s November sale promotions, defy a wider drop-off in consumer spending in China in recent months. The […]

DocPrime, the healthcare business launched by EtechAces Marketing and Consulting, the parent of online insurance aggregator PolicyBazaar, has seen one million unique visitors on its platform, the six-month-old venture announced on Wednesday. According to a statement by the venture, millennials and digital natives between the age group of 18-25 and 25-30 form the highest segment […]

BlackBerry on Wednesday filed a patent infringement lawsuit accusing Twitter of illegally using technology in its mobile messaging applications that had been developed by the former smartphone maker. The lawsuit said Twitter wrongly sought to compensate for being a “relative latecomer” to mobile messaging by co-opting Blackberry’s inventions for such services as the main Twitter […]

On a busy day, contract employees in India monitoring nudity and pornography on Facebook and Instagram will each view 2,000 posts in an eight-hour shift, or almost four a minute. They are part of a 1,600-member team at Genpact, an outsourcing firm with offices in Hyderabad that is contracted to review Facebook content. Seven content […]

By Ari Altstedter There’s a wrinkle in plans made by Asia’s richest man to take on Amazon and Walmart on his home turf in India: his telecom and retail businesses can’t share data. Billionaire Mukesh Ambani, chairman of Reliance Industries, has outlined how he will marry the might of his group’s 9,900-plus retail stores and […]

News Zadara VPSA on AWS Marketplace Gets Improved Features, Flexibility By Wendy A Hernandez 02/28/2019 Today Irvine, California-based Zadara Storage Inc. announced new upgrades to its Virtual Private Storage Array (VPSA), which is available to Amazon Web Services (AWS) customers, as well as companies using VMware Cloud on AWS. “Zadara is an ideal complement to […]

Indian Railway Catering and Tourism Corporation (IRCTC), which handles catering, tourism and online ticketing operations for the Indian Railways, has launched its own payment aggregator called ‘IRCTC iPay’. In a note shared with the press, IRCTC said that this effort would help have a smoother digital payment experience for railway passengers. With the launch of […]