Digital financial services platform Mobikwik saw its revenue increase 93 percent to Rs 86 crore (approx $12.3 million) in the fiscal year 2018 as compared to Rs 44 crore it had posted in the last fiscal.
The online marketplace Meesho has raised $50 million in a new round of funding, only five months after its last round. The business will use the investment to work on products and its technology team.
Chinese garment sharing platform YCloset has completed an undisclosed strategic fundraising round from e-commerce giant Alibaba Group Holding to better cater to beauty and fashion requirements of female customers.
Reliance Retail’s subsidiary Reliance Brands is currently in talks to fully acquire the group company Genesis Luxury after acquiring a 40 percent stake from L Catterton in September 2017, sources said.
JD.com Inc said on Wednesday it had raised $2.5 billion for its logistics arm, as the second-largest Chinese e-commerce firm seeks to further bolster its position in online retail in its home country and beyond.