Tata Unistore has announced that it will launch Tata CLiQ, an ecommerce platform under the Tata Group, on 27 May on web, mobile web and Android and iOS apps. The company’s press statement was rather short and did not include any details other than the fact that CLiQ will offer apparel, electronics and footwear items, with plans to expand the categories over the next few months.
CLiQ is a portmanteau of sorts of Clique and Click. An ET report states that CLiQ is a marketplace model which will integrate online with brick and mortar stores.
Other ecommerce portals which went live recently: Last month, Mukesh Ambani owned Reliance Industries launched its fashion ecommerce portal called Ajio.com under its Jio brand. In October 2015, Aditya Birla launched an online fashion portal called abof.com that lists clothing and accessories for men and women, both from Aditya Birla’s brands as well as curated clothing from other brands.
Recent developments in ecommerce
– Earlier this week, we reported that Amazon.com has an indirect minority stake (size not disclosed) in Cloudtail India Pvt Ltd, the 51:49 joint venture company between Catamaran Ventures and Amazon Asia.
– Earlier this month, the Government of India tied up with NDTV’s Indianroots to launch Indianroots Fashion Accelerator and signed an MoU aimed at popularizing Indian Handloom textiles.
– In March, Ecommerce platform Flipkart crossed 75 million registered customers since its launch. The company also said that its Android app hit the 50 million installs landmark.
– Online fashion retailer Koovs raised £21.9 million (~$32M) through the issue of 87,600,000 new ordinary shares at a price of 25 pence per ordinary share.
– Fashion focused social network Roposo raised $5 million from Bertelsmann India Investments.
– Last month, we reported that Flipkart owned fashion retailer Myntra was looking to add home furnishing, personal care, and more offerings under its jewelry category.
– Rocket Internet-backed fashion etailer Jabong’s financials decreased further with revenues of Rs 218.53 crore in the fourth quarter of 2015. The company also reported a gross merchandise value of Rs 377.73 crore, a decline of 19% y-o-y from Rs 465.61 crore.
– Snapdeal tied up with the services marketplace, UrbanClap to offer personal services category in Snapdeal’s Android mobile application, which will help consumers book services ranging from beauty services at home to house cleaning. (Jasper Infotech’s financials here.)
– Next Orbit Ventures invested Rs 115 crore in Infibeam as part of its IPO, picking up around 5% in the ecommerce company.
Other Tata developments:
– Earlier this month, Titan said that it would acquire the Chennai-based online jewellery store CaratLane, for an all cash deal.
– In March, BSNL partnered with Tata Sky, to offer free video on demand services to customers of BSNL for the first month worth Rs 500.
– In February, Tata Teleservices Maharashtra Ltd reported its 22nd straight loss making quarter (quarter ended 31 December 2015) with losses of Rs 79.64 crore, down from Rs 155.67 crore loss in the previous quarter.
– In January, the Bombay Stock Exchange and Tata Docomo have signed a partnership to offer free WiFi services.
– In the same month, Alef Mobitech, a New Jersey and Mumbai-based mobility computing firm, raised $5 million from Tata Capital Inovations Fund.
– Global Fashion Group secures €300M from Rocket Internet
– Have Indian internet startup opportunities been wrongly estimated? – Mahesh Murthy
– Indian govt disallows FDI in E-Commerce, limits discounting