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Tag: Club Factory

Club Factory’s seller base up four-fold, Retail News, ET Retail

E-commerce platform Club Factory has over 20,000 registered sellers as of December 2019, registering a fourfold increase in the second half of the year. Club Factory is also strengthening its India leadership team and will appoint local leaders for key functions in the next quarter, said a release. Over 200 sellers on the platform clocked …

Club Factory’s seller base up four-fold, Retail News, ET RetailRead More

Ecomm gifts prohibited to curb Chinese imports, Retail News, ET Retail

Bengaluru: Goods imported as ‘gifts’ have been prohibited by the India government. Such duty-free imports via courier as well as through post will no longer be cleared by Customs, the government said in a notification on Thursday. The move is aimed at curbing imports by Chinese ecommerce vendors who were evading duties by declaring commercial …

Ecomm gifts prohibited to curb Chinese imports, Retail News, ET RetailRead More

China’s Club Factory, Retail News, ET Retail

New Delhi: Club Factory, a Chinese ecommerce player in India, said it is operating on a marketplace model in the country and is aligned with Indian laws. The government is looking to amend rules to stop citizens from receiving duty-free “gifts and samples” valued at under Rs 5,000 from overseas companies. This follows media reports …

China’s Club Factory, Retail News, ET RetailRead More

Club Factory raises $100 mn in Series D funding, Retail News, ET Retail

New Delhi: E-commerce player, Club Factory has raised $100 million in a Series D round of financing led by venture capital firm Qiming Venture Partners including Bertelsmann, IDG Capital, and other Fortune 500 companies from USA and Asia, the company said in a statement. According to app download and usage data from App Annie, Club …

Club Factory raises $100 mn in Series D funding, Retail News, ET RetailRead More