It was a happy year for e-tailer giant
Snapdeal.com. The company raised nearly $1 billion and some of the big
investors on board. Some of them include Ratan Tata, Azim Premji and Softbank.
The e-Commerce giant had an aggressive expansion plan, which included expanding
their product portfolio and entering new partnerships.
Image Credit: Indiatimes.com
Even though it was in news for its flop mega sale on October 1, 2014, loyalists still vouch for its quality of services. The company won the trust of its investors and raised funds worth $500 million to $ 600 million from its third round of financing. Besides, raising funds for itself, the company also gave wings to another Chennai start-up, Ather Energy, and invested $1 million in it recently. The firm has also been in the news for offering the highest number of jobs to IIT graduates.
The US online retailer finally entered the
Indian shores. And since then it has been giving a tough competition to our
domestic players. With a long term focus on the Indian market, the company has
been strategically building its market in the country. The company has already
pledged to invest $2 billion in India and plans to aggressively expand its operations
across the country.
Image
Credit: Indiatimes.com
This little known e-tailer has raised $15 million in its first two rounds of funding and received its third round of funding this year. The firm reached $1,500 crore mark in sales by the end of October this year and is expected to touch another milestone of Rs 3,000 crore by the end of this fiscal year. The company aims to raise its fourth round worth $100 million next year.
Image Credit: Shopclues.com
It was one of the very first e-Commerce companies that offered variety of products to the consumers. This year, the company raised funds worth $10 million from the investors. It also got a new investor on board this year. The company is rapidly expanding its distribution network across tier 1 and tier 2 cities. It is also expecting to raise another $10 million early next year. The company is now focusing more on key verticals and has made substantial investments in segment such as apparel, gadgets, and accessories among others.
Image Credit: Fashionandyou.com
The company had to revamp its entire business model after it failed to take off in the merchandising segment of the industry. The company had earlier found investors, but did not find any this year. The company has now transformed into a product discovery website wherein when a consumer clicks on a product, he gets redirected to the original website that has the product in its stock. The company had raised $40 million in the last few years and is still struggling to find its feet in the industry.
Image Credit: Yebhi.com
While it came out with interesting offers to
capture a larger chunk of the target audience, the company could not live up to
its expectations. To top it all, the co-founder of the company, Amarinder S
Dhaliwal, called it quits and joined telecom major Micromax as the COO of the
company. With no vision in sight, the company may not find its existing
investors interested in it anymore.
Catering to a niche audience, this fan merchandising online retailer had to shut shops this year. Reports suggest that the company had to go offline due to copyright issues. However, the company has now made a comeback as a content publishing website which lets people follow other people and topics in trend.
Image Credit: Official Facebook page of Bluegape.com
Yet another e-Commerce firm that targeted a niche consumer base became a casualty in 2014. Reports have suggested that the company had to shut shops due to its inability to raise adequate funding from its investors in the second round. Initially, the company had raised nearly $1 million funds in 2011.
Image Credit: Allschoolstuff.com
This was probably the first e-Commerce player
in the country launched in 1999. But despite having the first mover’s
advantage, the company failed to make a mark in the industry. The company had
to shut shops after it failed to receive investments this year. The company had
raised funding worth only $5 million 2011.
Image Credit: Wikipedia
Indian markets could recover on Monday but earnings, global cues will decide the rest of the week, say experts
Top temples to visit in India you must visit atleast once in a lifetime
Top 10 adventure sports across India: Where to experience them in 2024
Next Story
