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E-Commerce Major News

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The people availing the jobs on spot would be expected to pack and sort boxes and help shipping them to the customers.
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A mutual fund managed by Morgan Stanley has marked down the value of its holding in Flipkart for the fifth straight quarter, valuing the e-commerce major at USD 5.37 billion.
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Around 600 people will be laid off by e-commerce major Snapdeal across its e-commerce, logistics and payments operations over the next few days.  
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E-commerce major Snapdeal today announced that it has received the ISO/IEC 27001:2013 certification making it among the few ecommerce companies in the country to do so.
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E-commerce major Snapdeal on Tuesday said it has picked up minority stake in hyper-local grocery delivery service, PepperTap, leading a USD 36 million funding round.
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The facility will support Amazon.In and Amazon.Com with pre- and post-order customer service through various mediums like e-mail, chat, phone and social media, Amazon said in a statement.
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Snapdeal had acquired Shopo in mid-2013 for an undisclosed amount.
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E-commerce major Snapdeal has sought a staggered approach for ushering in single-factor authentication regime for small value transactions, starting initially with a cap of Rs 3,000.






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