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Flipkart has been and will continue to make acquisitions to increase scale India's top e-commerce firm   Flipkart   has raised $1.4 billion in its biggest fundraising to date as it takes on US tech giant   Amazon.com   Inc for a larger share of the country's burgeoning online retail market. Chinese social media and entertainment firm Tencent Holdings Ltd, the world's biggest software company Microsoft Corp and online marketplace eBay Inc participated in the funding round, Flipkart said in a statement on Monday, which will value the Indian company at $11.6 billion. That is lower than the $15 billion valuation achieved at its last fundraising in 2015, reflecting how competition has intensified in the e-commerce sector as companies vie for a slice of the world's fastest-growing internet services market. Amazon last year said it would invest over $5 billion in India, and has recently expanded into online video and grocery shopping, seeking to expand aggressiv...

Amazon India has started a programme that allows people to sell their old products Today Latest News   - Are you tired of stacking old gadgets, books, magazines, et al? E-commerce giant Amazon India has started a pilot programme in Bangalore that allows people to sell their old products. In an attempt to mobilise its user base and to encourage peer-to-peer (P2P) sales, Amazon has launched a programme called 'pick-pack-and-pay. So how does Amazon India's pick-pack-and-pay programme work? Step 1   -   List your product/products. Select what you want to   sell on Amazon . (Post your new or used products online across different categories – mobiles, books, fashion jewellery, tablets, watches, laptops and video games). Upload your photo. Select the essentials of your product (For example:- brand name, model, publishers). Mention the item condition (new/used). Mention your price, address and other details Step 2   - Post your ad Step 3   - Buyers ...