Softbank Invests In Flipkart, Now Controls All Large Indian E-Commerce Players
Softbank now officially has a finger in every pie in the Indian e-commerce space. Flipkart has announced that Softbank has become the latest…
Category: Startups
Even As E-Commerce Companies Flounder, Future Group Doubles Quarterly Profits To Rs. 148 Crore
You’ve got to hand it to Kishore Biyani — when he talks the talk, he makes sure he walks the walk. Biyani has,…
Dunzo’s Investor Says The Company Is Struggling To Raise Further Funding
A company that’s hugely popular among customers might not always find the love among the investment community. Dunzo, a Bangalore-based app that lets people…
More Senior Executives Quit Even As Snapdeal Founders Claim Support For Snapdeal 2.0
Snapdeal’s steady exodus of senior executives has continued even a week after it announced its ambitious turnaround plan. Rahul Ganjoo, Vice President, Programme Management…
An Ola Employee Has Been Arrested For Building An App That Illegally Accessed Aadhar Data
An Ola employee has been arrested by the Bangalore police for illegally accessing and exposing confidential Aadhar data. Abhinav Srivastav, who worked for Ola…
Snapdeal’s Turnaround Plan Is Being Ridiculed By Its Investors And Employees Alike
Snapdeal might want to chart a new, profitable path with Snapdeal 2.0, but its senior executives don’t seem particularly enthused about the plan….
Paytm To Take On WhatsApp, Will Launch Its Own Messaging Service
Paytm and Whatsapp started off as very different companies. WhatsApp was founded in 2009 as a chat application; Paytm was founded in 2010…
Snapdeal Now Asking Employees To Leave With One Month’s Pay, 80% Of Staff Could Be Cut
Snapdeal’s smaller investors are already peeved about the company having decided to not pursue a deal with Flipkart; its employees might just end…
Snapdeal Investor “Extremely Disappointed”, Says Founders Acted Against Interests of Investors And Employees
Snapdeal’s decision to end all talks of acquisitions and mergers hasn’t gone down with one of its earliest backers. Kalaari Capital’s…