Sachin Bansal is a soft-spoken man. His words are usually measured, and his tone is usually conciliatory. But when Economic Times published reports claiming Flipkart might’ve been in sale talks with Amazon, the Flipkart cofounder was in no mood to play the nice guy. Tweeting right back at ET, he came up with this zinger.
Real estate portal Commonfloor that was acquired by Quikr, after months of dilly-dallying, has finally dealt a harsh blow to the 100 employees who have been laid off. Allegedly, post Quikr acquisition the employees could not be absorbed at Quikr and the company had started the process of letting them go since Feb.
While biggies like Flipkart and Snapdeal are figuring out where their next round of funding is coming from and looking at the very real possibility of down rounds, a relatively unknown player is the space is all set to get money from public markets. Infibeam, founded in 2007 by Cornell and MIT Sloan alumnus Vishal Mehta, is all set to IPO on 21st March from which it hopes to raise Rs. 450 crore.
After selling hotel rooms, buses, and even gold loans on its platform, Paytm is now going to be offering movie tickets for sale. The company has tied up with PVR, INOX and multiple other cinema houses to sell movie tickets.
Over 80 bike taxis on the Uber platform have been seized after the company hasn’t complied with Karnataka government’s orders which declared them to be illegal. Uber continues to operates its bike taxis in the city, while Ola, Ridingo and Hey Bob have stopped services.
Tata Consultancy Services (TCS) has been named among the top employers in the United States for 2016 by the Top Employers Institute, an employer certification agency.
​Buying a home is usually a painful process as it involves excessive research on locality and pricing, high knowledge of rules, regulations, technicalities and operational challenges.
But MagicBricks is attempting to shake things up in this sector, and the transformation is starting with Bengaluru.
India’s largest ecommerce retailer Flipkart has invested Rs. 338 crores into its own fashion arm Myntra according to the registrar of companies.
Looking to capture a bigger pie of Indian ecommerce that extends beyond retail, Snapdeal has now integrated APIs of Zomato, Redbus and Cleartrip respectively. With this integration, a user can now book bus tickets, order food and make travel arrangements, other than shopping on Snapdeal’s etail platform, all on the same app.