Flipkart’s valuation has been cut by Morgan Stanley for the 2nd time this year. After it had marked down the value of its shares in Flipkart by 27% in March, the firm has again marked down its shares by 15.5%, valuing Flipkart at $9.39 billion.
Flipkart announced last week that it was postponing the joining dates of IIM students that it had selected through campus placements. IIM Ahmedabad’s…
One of the toughest parts of being away at work for 12 hours a day is being away from your pet. Most people shy away from keeping pets, or are forced to give up their pets to shelters because of work commitments. While most companies abroad allow pets, in India it still remains a much desired perk. However, many startups across the metros are taking matters of the fur into their hands, and welcoming pets into their offices. (Or cafes and studios for that matter.) Here’s some of the startups in India that are pet friendly, along with the pets that grace their offices.
2016 might’ve been a seminal year for Zomato as it entered the food ordering business, but the move has come with a price. The company’s losses have more than trebled to Rs. 492 crore for the year ending March 2016.
Flipkart’s proposed plan to delay the joining dates of its fresh graduates hasn’t gone down well with India’s top B-school. IIM Ahmedabad has sent a strongly worded email to Flipkart CEO Binny Bansal asking him to guarantee that their graduates will have a job when the date of joining is finalized.
FreeCharge COO Govind Rajan has been named the CEO of the company. Kunal Shah, who had founded FreeCharge in 2010 and had been the CEO since then, will now serve as the Chairman.
Snapdeal Chief Product Officer Anand Chandasekharan has quit the company. This was announced by Snapdeal co-founder Rohit Bansal on Twitter.
In a surprise move, Flipkart has delayed the joining dates of its batch of incoming graduates by upto 6 months. This means that the campus hires that Flipkart had made last year who were supposed to join in June this year will have to wait till December before they can join the company.
Two-year old food tech startup TinyOwl has announced closing shop in all markets except Mumbai. This follows close on the heels of rumours of its merger with Roadrunnr.