Kraftly appoints new Chief Business Officer - Akshay Ghulati

Kraftly, an O2O mobile marketplace appointed the new Chief Business Officer Akshay Ghulati.

Saahil Goel, co founder of Kraftly says that with his expertise in accelerating business growth and managing strategic products, he will help us in scaling the Kraftly business and identifying new areas for expansion.

Flipkart and Snapdeal tops the list

The Online marketplace firms Flipkart and Snapdeal have managed to keep their top spots with a combined gross merchandise value (GMV) market share of 71 per cent, according to global brokerage firm Morgan Stanley.

http://www.ecbilla.com/press-release/exclusive/flipkart-and-snapdeal-on-the-top-list.html

The Ecommerce trends in India

The Indian Ecommerce is getting toned with the top players of Ecommerce. Snapdeal, India’s second largest e-commerce site has pulled in $200 million.

The investment comes six months after Snapdeal, which is generally seen as second to Flipkart with Amazon in third, secured a $500 million windfall from Alibaba, SoftBank and Foxconn.

Lesara Expands to France

Lesara, the online fashion and lifestyle retailer firm has now expanded to France. By opening a dedicated website here, Lesara could potentially reach more than 66 million new customers. In just two years’ time, the German discounter is now active in 22 countries across Europe.

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E-commerce Start up losses

The Ecommerce business intuited many new entrepreneurs. But, there are losses of the top 22 online start-ups in the country soared by 293 per cent at Rs 7,884 crores for a combined revenue of Rs 16,199 crore for the financial year end. 

As these startups continued to spend money on advertisements and discounts to lure customers, the graph of their losses extended.