VIETNAM > China’s largest retailer – JD.com has invested in Tiki – Vietnam’s leading B2C e-commerce platform

jd logo China based JD.com has signed the share subscription agreement as a co-lead investor in Series C financing in Vietnam based Tiki. The Series C round is subject to customary closing conditions and upon the completion of which, JD.com will be one of the largest shareholders of Tiki. Partnering with Tiki in merchandising, cross- border trade, logistics and fulfillment, technology, financing More …

INDIA > Global Credit rating agency Experian has invested $30 million in financial products marketplace BankBazaar

Bankbazaar logo Experian joins investors such as Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International as investors investing $30 million in a Series D round led by Experian which brings the total funding to $110 million for BankBazaar. Experian and BankBazaar tied up earlier this year offering free credit scores to customers and according to CEO Adhil Shetty the new More …

SPAIN > US based Amazon opens its fourth logistic center in Catalonia, Spain

amazon logo jpg Amazon is opening a 30,000 square- meter logistics center  in Martorelles in Catalonia. This center in Martorelles will renovate existing building and the new warehouse will create 650 jobs over the next three years. The new warehouse will just not focus on one specific area unlike other Amazon’s other facilities such as the Castellbisbal center. Beginning its operation in the autumn More …

INDIA > Softbank Vision Fund invests $2.5 billion in Flipkart Group

Flipkart logo To compete with its e- commerce competitor Amazon Inc, SoftBank Vision Fund will invest $2.5 billion in Flipkart, boosting its cash holdings to more than $4 billion.  $1.5 billion will go directly to Flipkart and $1 billion will go to Tiger Global Management’s stake. SoftBank Group Corporation Chairman Masayoshi Son will be the biggest shareholder of Flipkart after this deal. More …

INDIA > Seattle based Amazon invests another Rs 1,680 crore ($26.4 million) in India

Amazon_logo_plain.svg Amazon has crossed investment worth $2 billion in India as a result of further Rs 1680 crore ($26.4 million) investment in its core local unit – Amazon Seller Services.  Amazon is the second largest foreign direct investor (FDI) in India.  Amazon is also gearing up for the upcoming Diwali season, this November, and investment in logistics and warehousing has been More …