Flipkart’s Ghaziabad Warehouse Raided

A warehouse worked by India's biggest e-business company Flipkart in Ghaziabad has gone under the scanner of the Commercial Taxes Dept. of Uttar Pradesh, which has slapped a penalty of Rs 13.8 lakh on the company, blaming it for non-compliance with the rules identified with import of goods.
"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.

Big bucket deals expected: Amazon-Jabong & Alibaba-Snapdeal

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.

Amazon planning To Buy Fashion & Lifestyle Portal Jabong

While the speculations have been going ahead in the media from over a month now around Amazon securing Rocket Internet upheld Jabong, the same may be working out soon.

In October, distributers like Firstpost, ET, Trak and so on reported that the two firms may be shaking hands, however in a late development it has surfaced that the first phase of talks for Amazon to secure Jabong have been finished. Also Amazon would obtain the organization in a deal sum worth USD 1-1.2 Billion.

Jabong is a piece of Rocket Internet's Big Foot Retail (Family of Jabong, Dafiti, Lamoda, Namshi and Zalora), henceforth the billion dollar deal may include these other global retailers as well.

A source with the knowledge relating to this matter told Vccircle that post acquisition, Amazon would keep Jabong as an issue substance. Jabong is an inventory based e-tailer, where FDI in not permitted, and the structure of the deal hasn't been uncovered

Amid January-June 2014 period, Jabong reported Gross Merchandise Value (GMV) of INR 509.5 crore from 3.197 million orders. The organization has two other significant shareholders other than Rocket Internet i.e. Swedish speculation firm Kinnevik and UK's CDC.

Big Foot Retail with Rocket-Internet supported locales, for example, Jabong, Dafiti, Lamoda, Namshi and Zalora cases to have worth around USD 2.5 billion as of September 30, 2014.

In the event that the deal experiences, then Amazon would have the capacity to rival Flipkart neck to neck. Myntra and Jabong both are favored fashion destinations, in spite of Amazon & Flipkart having various categories including apparel. Flipkart's marriage with Myntra, provided for it an edge over Amazon. However now if Amazon gets Jabong, it would have the same ammo to stay in the competition.

However now if Amazon gets Jabong, it would have the same ammo to stay in the competition.

Aditya Birla Group Plans to Enter into the Indian E-commerce Space

After Ratan Tata's late ventures in e-commerce, Kumar Mangalam Birla, chairman of the USD 40 billion Aditya Birla group, is looking to enter into Indian e-commerce market with plans to either procure e-retailers or to launch another remain solitary e-commerce venture.

As Bloomberg reported, He declined to uncover more insights about his e-commerce plans be that as it may, the group is taking a gander at numerous business verticals rather than concentrates on a particular one.

"There's a considerable measure of ground for new ventures in e-commerce," he said. "I am not saying that we can take an Amazon head-on. However there are a ton of green spaces." Birla joins the association of disconnected from the net business tycoons like Ratan Tata and Mukesh Ambani, who are discovering the online pastures green.

Birla is additionally searching for speculators in his current blocks and-mortar retail businesses, which incorporate the "More" chain of supermarkets and Pantaloons attire stores, which was prior under Future Group. He said, "E-tailing is the path forward, It reflects the new India. It's about new lifestyles, new spending examples, its about new family structures. What's more we need to be in that space."

Snapdeal as of late raised USD 1 billion in the not so distant future from ebay, Ratan Tata and Azim Premji; Japanese enterprise Soft Bank had likewise invested USD 627 million in the organization.

Amazon plans to use USD 2 billion for amplifying its Indian operations. Flipkart, an adversary of both Snapdeal and Amazon, shut USD 1 billion headed by Tiger Global, DST and Accel Partners.

An alternate logged off retailer, Kishore Biyani, additionally has been in news of late around talking transparently the deficiencies of existing online retailers. Also his organization, Future Group, as of late declared a partnership with Amazon India, through which it will solely offer its attire online.

What's more his organization, Future Group, as of late declared a partnership with Amazon India, through which it will solely offer its attire online.

Foodpanda Acquires Delivery Hero, Backed Indian Company Tastykhana

Worldwide online food delivery marketplaces Foodpanda and Delivery Hero on Monday proclaimed a series of partitioned securing deals. The two have gained companies possessed by the other in India, Mexico, and five Latin American nations.

Foodpanda assumed control Tastykhana in India, augmenting its position in food delivery markets around the world. Tastykhana will remain a free brand. Together, Foodpanda and Tastykhana will partner with in excess of 10,000 restaurants in India, covering in excess of 173 cities.

Foodpanda additionally procured the Mexican food delivery organizations Pedidosya, Semeantoja and Superantojo and targets market initiative in Mexico. The group has been operating in the Mexican market including Argentina, Chile, Colombia, Ecuador and Peru since December 2012 under the hellofood brand. After the acquisitions, Mexican clients in 10 cities will have the choice from in excess of 2,500 restaurants.

Delivery Hero gained the Hellofood organizations in Argentina, Chile, Colombia, Ecuador and Peru, and caught its market position in these markets, collecting 17,500 restaurants over eleven nations in Latin America, including Argentina, Brazil, Chile, Colombia, Ecuador, Panama, Paraguay, Peru, Puerto Rico, Uruguay and Venezuela.

Ralf Wenzel, Co-Founder and Managing Director of foodpanda group: "The acquisitions permit us to expand our business sector authority in India and enhance our solid position in Mexico. Consolidated with our efforts in other paramount markets, for example, Russia, Brazil and South East Asia."

Niklas Östberg, CEO of Delivery Hero Holding: “Latin America holds a central role in our long-term strategy. With these acquisitions we further extend our leading position in a region with tremendous growth.”





About Foodpanda / HellofoodFoodpanda together with hellofood and Delivery Club, is the leading global online food delivery marketplace, active in 38 countries on five continents. The company enables restaurants to become visible in the online and mobile world and provides them with a constantly evolving online technology. Foodpanda operates in India, Thailand, Indonesia, Pakistan, Singapore, Malaysia, Brunei, Vietnam, Taiwan, Bangladesh, Kazakhstan, Azerbaijan, Hong Kong, Philippines, Russia, Poland, Ukraine, Hungary, Romania, Bulgaria, Georgia and Serbia. hellofood operates in Brazil, Mexico, Saudi Arabia, Jordan, Lebanon, Qatar, Egypt, Nigeria, Morocco, Kenya, Ghana, Senegal, Ivory Coast, Rwanda, Tanzania, Uganda and Algeria. Delivery Club operates in Russia.

www.foodpanda.com / www.hellofood.com / www.delivery-club.ru

 
About Delivery Hero
Delivery Hero is a global network of online food ordering platforms with more than 75,000 partner restaurants worldwide. Delivery Hero has over 1000 employees in 23 countries, including 440 in its Berlin headquarters. Investors in the company include among others Insight Venture Partners, Kite Ventures, Team Europe, ru-Net, Tengelmann Ventures, Point Nine Capital, Phenomen Ventures and Vostok Nafta. www.deliveryhero.com

Online Retailers to Come Under Consumer Protection Law

In the wake of getting a few complaints against online retailers in India for claimed unfair practices, the consumer affairs department has moved a cabinet proposal to bring such organizations under the Consumer Protection Law. The issue goes ahead heels after the Union Food Minister, Ram Vilas Paswan's late statement, "There was have to inform online shoppers in India about their rights and how to discover legal response for their complaints."

According to Trak.in report, in the cabinet note, a proposal has been made to set up Consumer Protection Authority that will post for promoting of products that are "risky and unsafe". There will be procurements for item liability actions, for 'unfair contract' to ensure consumers put in an unequal haggling capacity.

The board will go about as an autonomous body that will likewise have the obligation of informing consumers about the quality, immaculateness, standard, deluding and tricky commercials by sellers. Additionally, council's power will reach out to:

• Conducting investigations
• Conducting searches
• Seizing records, articles and documents, and so on both suo moto and on grumbling 
• Right to summon careless and guilty online sellers 
• Order withdrawal of false, misleading or misdirecting advertisements
• Order review of hazardous or dangerous products 
• Issuing wellbeing notices and 
• Imposing fines if discovered blameworthy of voilating the law.

Taking a gander at the development of online retail in the nation, it is critical to consider it as a standard business also. The business opportunity for retailers offering online and going online is rich. In such a circumstance it is important to secure the consumers too against the unclear practices received online, henceforth this cabinet proposal ought to come as an advantage for the consumers in India.

eCommerce 2020: Top Five Predictions

1. Fusion of digital and brick and mortar: The world is moving from brick and mortar to digital commerce. However sellers need to continue investigating the approaches to increase customer base furthermore hold the high requesting customers. The missing individual connection in digital commerce will be topped off with the expansion of brick and mortar set-up. This will be as spot to do trials, alterations, shipment pick-up/ drop-off focuses, grievance redressal, items showcase, cross offering and indistinguishable. The fusion won't just enhance customer fulfillment and sales additionally help in expanding brand mindfulness among the non-digital buyers.

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

India Post Signs an MoU with Snapdeal and Shopclues

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

crest day, Shopclues services in excess of 85,000 requests and with this tie-up, we hope to enhance our offering for clients over 25,000 pin codes."

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.