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TREND | 02 Feb 2025

Bare Anatomy's parent Innovist eyes $15 mn in a new funding round

livemint

The development comes over a year after the firm raised $7 million at a valuation of $42.5 million in its series A round that was led by Amazon Smbhav Venture Fund. Other existing investors including 72 Ventures, the family office of Nykaa founder Falguni Nayar also participated in the round.

E-Commerce

TREND | 01 Feb 2025

Amazon sells Quess Corp shares for Rs 46 cr, Fairfax Capital hikes stake

Business Standard

Global e-commerce giant Amazon on Saturday sold shares of business services provider Quess Corp for Rs 46 crore through an open market transaction, while promoter billionaire Prem Watsa promoted Fairfax Capital increased its holding in the company. US-based Amazon, through its investment arm Amazon.com NV Investment Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the bulk deal data available on the BSE. The shares were disposed of at an average price of Rs 610.20 apiece, taking the transaction value to Rs 46.03 crore. Meanwhile, Fairfax Financial Holdings' affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the two promoters of Quess Corp, increased their holdings, by picking up an additional 3.77 lakh shares of the company each. "Pursuant to Sebi (Listing Obligations and Disclosure Requirements) regulations, 2015, we would like to inform that Fairbridge Capital (Mauritius) Ltd has purchased 3,77,218 ..

Amazon Sells Rs 46 Crore Worth Of Quess Corp Shares, Fairfax Capital Increases Stake

NDTV Profit | 01 Feb 2025

E-Commerce

TREND | 30 Jan 2025

Aptech Unveils Gen AI-Powered Tool For Visual Arts, Enabling Creators To Refine Their Craft In Real-Time

NDTV Profit

Aptech's Creval protects a creative professional's artwork using Amazon Bedrock capabilities of model choice, customisation, security, privacy, and safety guardrails.

E-Commerce

TREND | 30 Jan 2025

iPhone 15 Price On Flipkart Cut To New Low; Save Rs 9,901 Now; Discount, Chip, Camera, Display

NDTV Profit

The iPhone 15 (Black, 128GB), which was once priced at Rs. 69,900, is now available with a 14% price cut, bringing it to just Rs. 59,999.

E-Commerce

TREND | 29 Jan 2025

Goldman Venture Buys $300 Million of Warehouses From Blackstone

NDTV Profit

The properties total roughly 2.1 million square feet (195,100 square meters) and are 92% leased to 68 tenants, including Amazon and Red Bull.

E-Commerce

TREND | 28 Jan 2025

Flipkart has ended its partnership with us: Medicine e-tailer Sastasundar

Business Standard

Medicine e-tailer Sastasundar on Tuesday said that e-commerce giant Flipkart has ended its partnership in the online pharmacy and healthcare space with it. The Kolkata-based entity also said it has reclaimed its brand's intellectual property rights (IPRs). The Walmart-owned Flipkart had acquired a 75 per cent stake in Sastasundar Marketplace in 2021. An e-mail sent to Flipkart on the development did not elicit any response. "The deal with Flipkart is over and we got back all the intellectual property rights of the Sastasundar brand from it. Now, we will launch our app. In 2021, we had sold a 75 per cent stake in Sastasundar Marketplace Ltd for around Rs 750 crore to Flipkart," Sastasundar Group chairman B L Mittal told PTI. This reclaim transaction did not attract any material investment, he said. Holding company Sastasundar Ventures has re-acquired the brand's IPRs and non-compete rights from Flipkart Health+ through its newly-formed subsidiary, Sastasundar Healthtech Ltd, he ..

E-Commerce

TREND | 27 Jan 2025, 12:30PM

iPhone 13 Discount On Flipkart: Price Cut, Camera, Display, Chip, And More

NDTV Profit

You can now avail around 5,000 discount on the Apple iPhone 13 on Flipkart. Here's how.

E-Commerce

TREND | 26 Jan 2025, 02:22PM

Prashanth Prakash awarded Padma Shri for transforming startup ecosystem

Business Standard

As a founding partner of venture capital firm Accel India, Prakash has been instrumental in nurturing some of India's most iconic startups, including Flipkart, Swiggy, BookMyShow

E-Commerce

TREND | 24 Jan 2025

'We don't bleed red...': Anupam Mittal responds to Harsh Goenka's jab on firms run by Shark Tank judges

Business Today

Goenka's post included a table outlining financial losses from businesses associated with the Sharksprominent entrepreneurs like Aman Gupta (Boat), Peyush Bansal (Lenskart), Anupam Mittal (Shaadi.com), Kunal Bahl (Snapdeal), Namita Thapar (Emcure Pharmaceuticals), Vineeta Singh (SUGAR Cosmetics), and Amit Jain (CarDekho).

E-Commerce

TREND | 24 Jan 2025

Maharashtra secures 15.7 lakh crore investments at WEF Davos, to create over 4 lakh jobs

Business Line

Other notable investments include Amazon's 71,795 crore for data centres, along with agreements in electronics, textiles, and infrastructure, generating thousands of jobs

Amazon Web Services to invest $8.3bn in Cloud infra in Maharashtra

Business Standard | 23 Jan 2025