Amazon, Flipkart to Take Minority Stake in Online Kids Apparel Store Hopscotch

| February 18, 2019

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Ecommerce giants Amazon and Flipkart are reportedly in talks with Mumbai-based online kids fashion platform Hopscotch for purchasing a significant minority stake. At a time when both the global companies are facing trouble in India following the implementation of the new FDI guidelines in ecommerce sector, the companies are looking to bring in more direct sellers on to their platforms. The employee stock ownership plan (ESOP) is an employee benefit plan which allows the employees to own stake in the company. The buyback is generally offered by the startups when the founders are looking to increase their stakes in the company ahead of a fundraise or acquisition. According to reports, Hopscotch has hired UK-based financial institution Barclays as its investment banker in order to raise $60 Mn (INR 428 Cr) for expanding its services and recruiting more employees.

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Since launching in March 2009, One Kings Lane has established itself as a premiere home shopping destination and resource. With a breadth of the best-quality furnishings and finishing touches, One Kings Lane provides the access, inspiration, and help to create a style that is uniquely yours. A pioneer in content-led commerce, One Kings Lane speaks to a highly engaged audience via a digital first ecosystem that includes in-house design services from The Studio at One Kings Lane; social shopping; editorial; a seamless online shopping experience; and their first ever bricks-and-mortar storefront in Southampton.

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Spotlight

One Kings Lane

Since launching in March 2009, One Kings Lane has established itself as a premiere home shopping destination and resource. With a breadth of the best-quality furnishings and finishing touches, One Kings Lane provides the access, inspiration, and help to create a style that is uniquely yours. A pioneer in content-led commerce, One Kings Lane speaks to a highly engaged audience via a digital first ecosystem that includes in-house design services from The Studio at One Kings Lane; social shopping; editorial; a seamless online shopping experience; and their first ever bricks-and-mortar storefront in Southampton.

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