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Flipkart raises $71 million to tackle India’s massive e-commerce market

Flipkart, India’s biggest e-commerce site, has raised $71 million in equity funding. The company has raised over $3.9 billion to date. The investment came from the company’s existing investor Naspers, a South Africa-based media group an investment firm that will take a 16.5 percent stake of Flipkart, IndiaWeb2 reports. In April the company raised $1.4 billion from Naspers, Tencent, eBay, …

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Amazon takes a stab at ‘try-before-you-buy’ fashion with Amazon Prime Wardrobe

Amazon Prime has recently launched a beta test of a new feature, Amazon Prime Wardrobe. The feature gives users the opportunity to try on clothes, shoes and accessories for kids and adults before purchasing an item. To order, shoppers must pick a minimum of three items and can choose a maximum of 15 items. Once the wardrobe box arrives, they …

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Aspect Ventures is raising $175 million for its second fund

Aspect Ventures, a San Francisco based early-stage venture capital firm, is raising $175 million for it’s second fund, according to a Form D filed with the U.S. Securities and Exchange Commission. The filing lists partners Jennifer Fonstad and Theresia Gouw as people involved with the investment. Fonstad and Gouw c0- founded the firm in 2014 and lead it as its managing partners. …

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JD.com invests $397 million into Farfetch as part of strategic partnership

JD.com, China’s largest e-commerce site has entered into a strategic partnership with luxury fashion e-commerce giant, Farfetch. As part of the deal JD will invest $397 million into Farfetch and Richard Liu, JD.com’s founder and CEO, will join Farfetch’s board. The two companies will partner on marketing, logistics and technology solutions to build the luxury site’s presence in China. “As part of …

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