Advertisements Hopscotch, a brand for kids’ fashion, has said that its parent company, Hit the Mark on Wednesday has raised USD 20 million in a funding round led by Amazon. The round also included participation from Eduardo Saverin, co-founder of… Read More ›
Advertisements Global consumer robot company iRobot, acquired by Amazon for $1.7 billion last week, has laid off 10 per cent of its workforce — nearly 140 workers. The company said that to better align its cost structure with near-term revenue,… Read More ›
Advertisements Amazon on Friday announced to acquire Global consumer robot company iRobot for $1.7 billion in an all-cash deal. “Since we started iRobot, our team has been on a mission to create innovative, practical products that make customers’ lives easier,… Read More ›
Advertisements Amazon.com Inc agreed on Thursday to buy primary care provider One Medical for $3.49 billion, expanding the giant’s virtual healthcare e-commerce and adding physical doctors. ‘ offices for the first time. The all-cash deal would combine two relatively small… Read More ›
Advertisements US tech behemoth Amazon will not bid for rights to telecast India’s premier league cricket, projected to be worth more than 500 billion rupees ($6.4 billion), a source with knowledge of the company’s plans said on Friday. The decision comes… Read More ›
Advertisements India’s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said. Some… Read More ›
Advertisements American retail giant Amazon is in talks with telecom operator Vodafone Idea Limited for an investment worth INR 20,000 Cr. The fresh funding would be utilised to bid for the upcoming 5G spectrum. The Aditya Birla Group is also… Read More ›
Advertisements E-commerce giant Amazon stated that it has cumulatively created extra than1.16 million direct and oblique jobs, enabled practically USD 5 Bn in cumulative exports, and digitised over 4 million micro, small and medium enterprises (MSMEs) in India till date…. Read More ›
Advertisements Amazon has infused Rs 1,000 crore into its payments unit in India, Amazon Pay, according to regulatory documents. The fresh infusion is expected to help the company compete more aggressively against rivals like PhonePe, Google Pay and Paytm. The… Read More ›
Advertisements Amazon India on Sunday said it has seen the highest number of customers shopping on its platform “than ever before”, with 79 per cent of new customers coming from tier II and III towns like Ernakulam and Guntur. Amazon.in, which… Read More ›
