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Issue 120    22- 30 Dec '16    News Archive
Hot News

Despite stellar sales, India’s e-commerce firms are struggling with mounting losses

The losses of top e-tailers such as Amazon and Flipkart have doubled. Amazon, for instance, reported a loss of Rs 3,572 crore in India for the 2016 fiscal – more than double the amount it lost last year. The firm’s rival in India, Flipkart, is bleeding too.

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Ecommerce News

Drones, e-scooters to soon give logistics a wider play in India

DHL e-commerce, a division of the world’s leading logistics company, Deutsche Post DHL Group, is investing EUR 70 million (Rs 51,184 lakh) to strengthen its operations to meet the fast-growing demand for quality e-commerce logistics services in India.

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International News

UPS invests in reverse logistics firm Optoro as returns volume rises

UPS has joined as a backer in reverse logistics provider Optoro Inc.'s latest $30 million funding round as returns become an increasingly costly problem for the e-commerce industry, reports The Wall Street Journal.

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Business News

Schenker to manage aftermarket warehouse ops of Volkswagen

The company would be responsible for receiving, Binning, Pick, Pack and dispatch operations in the aftermarket spare parts warehouse of VW, Audi, Skoda, Porsche and Lamborghini spare parts and accessories, Schenker India said in a release.

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Startup News

On-demand delivery startup ShadowFax raises $10 mn

Hyperlocal logistics startup ShadowFax Technologies Pvt. Ltd has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd.

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