Flipkart Puts App-Only Plans On Hold; Jibes From Competitors Begin

Flipkart Puts App-Only Plans On Hold; Jibes From Competitors Begin

Flipkart, which had earlier this year created ripples in the e-commerce world by announcing it would shut down its website and move to an app-only model, has decided to put its plans on hold. The decision has been taken in part because the company is yet to assess how the move would impact sales in big-ticket purchases such as large appliances and furniture.

Snapdeal’s Losses Rise Fivefold To Rs. 1350 crore

Snapdeal’s Losses Rise Fivefold To Rs. 1350 crore

Snapdeal has had an eventful year. It has been growing at a frentic pace, having raised its headcount by 5 times and building a swanky new office in Gurgaon. Its valuation has increased from $2 billion to a cool $4.7 billion. But worryingly, the company has also seen a corresponding increase in its losses – Snapdeal incurred a loss of Rs. 1350 crore over the past year, a five fold increase over its loss of Rs. 264 crore last year.

Tatas To Inaugurate Country’s Largest Startup Hub In Telangana

Tatas To Inaugurate Country’s Largest Startup Hub In Telangana

Hyderbad is fast becoming a magnet for innovation and next-gen business. After global biggies such as Google, Amazon and Uber had annouced plans to set up large operations in the state, it is now the turn of Indian companies to come calling.
Tata Sons is setting up India’s largest incubation center, T-Hub in Hyderabad. The facility will be inaugurated on September 7th this month by Chairman Emeritus Ratan Tata.

After Announcing Layoffs, Housing Acquires HomeBuy360 For $2 Million

After Announcing Layoffs, Housing Acquires HomeBuy360 For $2 Million

Barely a week after reports emerged that Housing.com would be firing 600 of its 2600 employees as a part of a restructuring, the company today announced that it has acquired Bangalore-based customer relationship management software company HomeBuy360. This is Housing’s 3rd acquisition this year, after having previously acquired real esate forum IREF and Realty BI, a data analytics company in the real esatate sector.

GreyOrange Robotics Raises $30 Million From Tiger Global, Blume Ventures

GreyOrange Robotics Raises $30 Million From Tiger Global, Blume Ventures

GrayOrange Robotics has raised $30 million (Rs. 190 crore) in its latest round of funding led by Tiger Global. The Gurgaon based company, which also has an office in Singapore, plans to use this capital towards R&D, hiring, and expansion into markets such as Asia Pacific, Middle East and Europe.

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