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.
In a landmark move, the Delhi government has officially released a policy allowing private bus players to ply in Delhi NCR area. The policy attributes the “dangerous rising” pollution levels in the city and growing dependence on private vehicles, as the reason for a change and hence a new policy that allows for private players in the buses segment.
A simple variable name change can often be the difference between a successful new code deployment and things going horribly, horribly wrong. Myntra’s CTO has detailed what went down when the app bombarded its surprised users with thousands of notifications for products that they’d never bought.
A long time Zomato user Prateek Dham claims that Zomato’s review system is corrupt. He went public yesterday with detailed Facebook status that purports to expose Zomato’s method of monetizing with paid reviews. However, Zomato hasn’t taken kindly to this user’s claims and in an unlikely move, have responded to each allegation the user has made in a public blogpost.