Citcon, a global payment solution provider, and Shoplazza, an innovative e-commerce platform, have announced a strategic partnership that promises to bring a significant boost to e-commerce businesses. This collaboration capitalizes on Citcon’s proficiency in facilitating global payments and Shoplazza’s state-of-the-art e-commerce platform to improve customer shopping experiences and empower businesses of all sizes. Alyson Zhang […]
Indian IT firm Mastek has announced a partnership with Netail, a US-based artificial intelligence (AI) powered retail software solutions provider, to help e-Commerce and Omni-channel retailers streamline their retail value-chain in order to draw, convert, and retain digital consumers. Mastek said that its experience in the fields of digital commerce and data analytics, combined with […]
Infosys has announced the launch of a cloud-native, low-code solution called Infosys Equinox Studio aimed to help businesses deliver hyper-personalized e-commerce experiences. According to the Indian IT services company, Infosys Equinox Studio will help enterprises in shaping, integrating, publishing, and handling next-generation composable, computational commerce experiences from a unified low-code/no-code cloud-native platform. Infosys Equinox Studio, […]
South Korean internet company Naver has completed the previously announced acquisition of Poshmark, a social e-commerce marketplace, for an enterprise value of around $1.2bn, in a move to create a global player in online fashion re-commerce. The transaction, which was announced in October 2022, is expected to accelerate Naver’s strategy to build a global e-commerce […]
Snowman Logistics has launched fifth-party logistics (5PL) services in the cold chain logistics and supply chain management sector in India following the rise in international trade and e-commerce activities. In addition to current third-party logistics (3PL) services of transportation and warehousing, the cold chain logistics company will now offer distribution and consolidation services, including sourcing […]
PDS Limited, an India-based design-led plug-and-play platform, has acquired a 51% stake in DBS Lifestyle to cater to its US and Europe customers directly. The company, through this traction, will further improve its footprint in the fashion and home categories in the Indian market. The internal acquisition will also help DBS Lifestyle to expedite its […]
Naver acquisition of Poshmark : South Korea’s largest internet company Naver is set to acquire US-based social e-commerce marketplace Poshmark in a deal worth $1.2 billion. The transaction includes the purchase of all of the issued and outstanding shares of the NASDAQ-listed Poshmark for $17.9 per share in cash, representing a premium of 15% closing […]
Grasim Industries said that its board of directors has approved the company’s entry into B2B e-commerce platform for building materials with an INR 2,000crore-investment over the next five years. According to the Aditya Birla Group flagship company, the investment adds a new high-growth engine with strong adjacencies within its standalone businesses as well as that […]
Infosys has wrapped up the previously announced acquisition of German digital marketing, experience, and commerce agency oddity. The deal was announced last month by the Indian IT giant, which did not reveal the financial terms. According to Infosys, the acquisition further bolsters its creative, branding, and experience design capabilities. oddity is said to come with […]
BSE Investments Limited (BSEIL), a wholly-owned subsidiary of Indian stock exchange BSE, has acquired a stake of 5.88% in Open Network for Digital Commerce (ONDC) for an undisclosed price. Launched by the Indian government’s Department for Promotion of Industry and Internal Trade (DPIIT), ONDC aims to regulate digital monopolies and make the industry more inclusive […]
