Month: February 2014

After supermarket giant Walmart, it is online retail major Amazon which has begun lobbying with the US lawmakers to seek their support for facilitating its “foreign direct investment in India”. According to lobby disclosure reports filed with the US Senate, Amazon.com and its group entities including Amazon Corporate have been lobbying on various issues since…

Indian fashion portal Myntra has just confirmed raising $50 million in fresh funding from investors led by Premji Invest. The new funding comes after Myntra preferred to invest in its own growth and did not pursue a merger offer from India’s biggest e-commerce company Flipkart. “We are confident of achieving $1 billion GMV (Gross Merchandise…