"Two trucks were bringing shoes from outside Uttar Pradesh for the Dasna-based warehouse of Flipkart. On the other hand, they were convey a bigger number of goods than they had declared. Likewise, we discovered a blank Form 38 with them, which is an issue of non-compliance," said an official of the raid team.
Form 38 – Whenever one company sends products and merchandise starting with one state then onto the next, an appropriately filled Form 38 should be sent with the goods.
The authority discovered 171 sets of shoes in the truck that were undeclared. As per an alternate report, goods worth INR 47 Lakh have been seized by the powers.
The authority further included that the office has gotten number of grumblings against Flipkart from nearby traders about avoidance of VAT and offering goods underneath maximum retail cost (MRP). Be that as it may, Flipkart representative has denied any such frequency and called it totally wrong. "We are in compliance with the laws of the area and there was no raid or seizure of goods in our Ghaziabad warehouse," said the representative.
The authorities further included that more ecommerce organizations are under the scanner for comparative infringement and that they have begun researching the same.
Indian ecommerce industry is all situated to witness some major firecrackers as industry biggies: Amazon and Alibaba are in a major acquisition mode. According to reports rolling in from different sources, Amazon is crawling towards procuring Jabong and Alibaba is viewing Snapdeal nearly, and an arrangement might leap forward whenever now. Amazon-Jabong
On the off chance that this Amazon chooses to acquire Jabong (and appears chances are high), Indian Ecommerce will witness its greatest acquisition till date. Sources are letting us know that the first level of talks in the middle of Amazon and Jabong is presently over, and management groups from both the portals are encircling out the details. According to insiders, this first level of talk had happened short of what a week prior.
In spite of the fact that Indian FDI laws doesn't allow investments in Jabong, henceforth its an inventory based ecommerce model, though Amazon India is fundamentally a marketplace. Fashion is the greatest market starting now, and no one needs to miss the first move.
This arrangement, if facilitated effectively, will by one means or another impersonate the Flipkart-Myntra acquisition, where the management from both the gatherings made some perplexing corporate structures to traverse the Government approbation.
Jabong reported horrible stock quality (GMV) of Rs 509.5 crore from 3.197 million orders amid the January-June, 2014 period, and if their growth trajectory stays steady, then before the end of March 31, 2015, they will report sales of Rs 1300-1500 crore. Valuation in Indian ecommerce industry is regularly 3.5 times the aggregate sales in a year; which makes Jabong worth around Rs 5000 crore or around $900 million.
Flipkart Myntra arrangement was pegged around $340 million, which is hailed as the greatest acquisition in the Indian ecommerce sector starting now. Amazon-Jabong acquisition is consistently discussed in the scope of $1.1-$1.2 billion, which will dominate the past record by a decent edge.
Both Amazon and Jabong has declined to remark on this advancement. Alibaba – Snapdeal
Jack Ma, organizer of Alibaba and China's richest individual with a total assets of $30 billion is in India alongside a designation of 99 top representatives from the place where he grew up of Zhejiang. Furthermore according to reports coming in, he will meet a few entrepreneurs from India, including Snapdeal's originator Kunal Bahl.
Presently, an unimportant gathering between two big cheese entrepreneurs is not a news, however the way that Kunal Bahl has transparently expressed their plan of action is near Alibaba's plan of action makes this gathering really fascinating.
Prior, Kunal Bahl had advised to CNBC 18, "If Alibaba in China, which is the business we are most like, creates $5 billion EBITDA a year, there is a purpose behind it. They are not a retailer, they are an innovation stage and that provides for me certainty that at the appointed time course… we will see comparative matters of trade and profit developing out of our organization also,"
In spite of the fact that Alibaba has a vicinity in India, which they propelled in 2010, it has unimportant impact in the primary B2b market, contrasted with China where they charge 80% of the market!
Snapdeal, which has gotten individual investment from Ratan Tata, other than very nearly one billion dollar venture capital (till now, including Softbank's late $627m investment), may search extremely guaranteeing for Alibaba, which is currently in a major expansion mode crosswise over Asia.
Absolutely some energizing days for the Indian ecommerce, with some top notch mergers and tie-ups in the offing. We will keep you redesigned as more points of interest come in.
It appers that it is the stormy season for offers the extent that smartphones are concerned on famous online e-trade destinations, for example, Snapdeal.com and Amazon.in. Snapdeal has declared sale price of Rs. 20,999 for Google Nexus 5 cell phone, which will start at 9am and iphone 5s(16gb) will be sold for Rs.31,499 at 12pm. 
Not to be deserted is an alternate well known marketplace Amazon.in. They are offering Blackberry Z3, Micromax Canvas Knight A350 and even Microsoft Xbox 360 and Samsung 16.2 MP digital cam for just Rs. 11,111 for every device.
The sale on Snapdeal started at 7am and there are numerous different things for snatch at heavy discounts. Amazon is likewise offering different things at an alluring prices.
On the off chance that you are wanting to purchase stock Android Nexus 5, then it is the ideal time to log onto Snapdeal at 9am or the sought device goes out of stock!
Google Nexus 5 accompanies a 4.95 inch full HD display, quad-center Snapdragon 800 processor timed at 2.3 Ghz, 2 GB RAM, 8 MP back cam with OIS, 16 GB inside memory, 2,300 mah battery, Android form 4.4 Kitkat and inherent remote charging backing.
Enjoy Shopping!
Toward the end of last fiscal, Snapdeal had an aggregate headcount of 1,300 and the target was to twofold it before the end of this fiscal. Then again, by September, it touched a head count of in excess of 2,500. Getting up to speed with the growth trajectory in sales, the company will be presently more forceful with hiring to have 3,500 to 4,000 individuals ready for, Saurabh Nigam, VP-HR, Snapdeal.
"Taking a gander at how we have developed not long from now and the way we are bullish in accomplishing business goals and expanding topline and piece of the overall industry, we will be further increase our hiring. Technology is the key driver and this will be an area where we have to reinforce ourselves. We have a technology team size of 400 and before the year's over the team size will be in excess of 1,000," he said.
Snapdeal is additionally dispatching another technology improvement focus in Bangalore, which will have a headcount of 250 individuals.
To fortify the vendor base and create the merchant system, the company will be expanding the team size from 250 to 600 by the year-end. The customer administration team, which basically involves the call focus faculty, will twofold its size to 1,200.
Snapdeal is taking to forceful grounds hiring, setting off to 25 to 30 level I and II B-schools to get 100 to 150 administration freshers ready for. Also it will likewise go to 60 to 65 designing schools to choose 500 designers. Of the aggregate recruitment, in excess of 30 per cent will go the distance employee referrals and 18 to 20 per cent through online / social networking. The company is likewise reaching recruitment and counseling firms for senior administration level persons.
2. Hostage Logistics set-up will be sold out to standard logistics players: Many expansive ecommerce players have set-up hostage logistics functions in the structure in-house warehouse and last mile conveyance. This was mostly shaped to keep up the guaranteed administration levels to the buyers. However with the time the standard logistics organizations will develop in their ecommerce administration offering and in the meantime ecommerce players won't have any desire to put their time and vitality into this non-center capacity.
3. Decreased income commitment of top tier cities: With the expanding internet and mobile entrance, the residential communities and cities will help at standard with top tier cities. Enhanced reasonableness of advanced mobile phones and internet administrations joined with easy to understand mobile shopping applications will tempt the residential community and city buyers to move towards online purchasing. This likewise implies that money down is staying put for long J.
4. eCommerce players will get to be technology platform organizations: Let the work be carried out by the masters. ecommerce organizations will concentrate all the more on enhancing client experience, progressing to new advances, sales & showcasing and item/class line strategies. The drop boat model will lead the ecommerce world. Sourcing, procurement, human asset (HR), finance and logistics will be outsourced to outsiders. It goes without saying that ecommerce organizations will be obliged to have an exceptionally solid organization with these outsider administration suppliers with a component of nonstop audit and upgrade.
5. Ascent of Private marks: Conventionally private names have been how the money adds up givers. With the continually expanding inflation rate, the item edges are getting crushed by the makers. Poor item edges joined with substantial supply chain expenses will require ecommerce organizations to recognize and create private mark items. This will be needed to support the operations as well as bring better ROI from the brand ventures.
Source: iamWire
With 1.50 lakh post offices the nation over, India Post has marked a Memorandum of Understanding with Indian E-business organizations Snapdeal and Shopclues, to hold hands and move the e-trade logistics.
As expressed in a discharge by iGovernment, on the event of Business Development Day on fourteenth Oct 2014 the department of postal services chose to hold hands with the two online commercial centers, to coddle their logistics needs with its wide reach. As an exchange, for getting their backing for an INR 4909 crore IT anticipate, to acquire electronic network and ability over 1.5 lakhs Post Offices for improved conveyance of all mail & financial services.
Vijay Ajmera, Sr. VP (Finance) Snapdeal.com said that they are cheerful to pick Department of Post as their delivering accomplice and this organization will give their e-trade business a more extensive achieve and system.
Talking about this affiliation, Sanjay Sethi, CEO & Co-Founder, Shopclues said, "We're a commercial center for the masses and almost 65% of our clients and shippers are situated in the non-metros or level 2/3 towns. With the most stretched out conveyance organize in the nation, India Post will certainly be a critical accomplice in our logistics operations. On a 
John Samuel, Member Postal Services Board said, "India Post is no more what it was and is experiencing a time of significant change. In the last few years, the post office is reexamining itself to give services that fit into the necessity of all e-trade players. I am exceptionally happy that the Department of Posts and Shopclues.com have marked an announcement of purpose about the key business relationship that both the organizations will take forward."
Shopclues at first had a neighborhood tie up with the Department of Posts whereby they would get their products just from their satisfaction focuses. Be that as it may, post this MOU, Shopclues and India Post have now connected with one another on a national level.
The Postal Department is attempting to stay aware of the changing patterns of Indian buyers. Considering that this body indulges the most extreme number of pin codes in correlation to any private logistics firm, such a tie-up could be an aid for the online players.
