Flipkart Pumps Rs. 338 Crore Into Fashion Arm Myntra
India’s largest ecommerce retailer Flipkart has invested Rs. 338 crores into its own fashion arm Myntra according to the registrar of companies.
Category: Startups
Dhiraj Rajaram Sued For Misleading An Early Investor
Mu Sigma CEO Dhiraj Rajaram has been sued in the US for misleading an early investor about the prospects of the company. Patrick G. Ryan, who at one point held 17.5% of shares in Mu Sigma, claims that Rajaram cheated him of millions of dollars by downplaying Mu Sigma’s growth prospects, which caused him to sell back his stake for an amount much less than they were worth.
Snapdeal Joins Hands With Redbus, Zomato And Cleartrip To Extend Services
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.
Redbus Plans To Expand Into 4 International Locations
Indian starups, having made their marks on their home turf, are now slowing eyeing foreign lands. After Practo had expanded into Indonesia and Singapore, and Oyo had opened its first international hotel in Kuala Lampur, Rebus is now planning to expand to as many as four countries in South and South East Asia.
Housing Cofounder Advitiya Sharma Resigns
Nine months after the Housing board had fired CEO Rahul Yadav under dramatic circumstances, cofounder Advitiya Sharma has announced that he’s quitting the company. During Yadav’s tenure, Sharma was seen has the public face of the company, making numerous appearances on television as he talked about the prospects of Housing.
Uber Could Now Help You Hail An Investor
Uber’s made the process of getting around really easy, but it could now help you find investors for your next startup. With UberPITCH, the company is trying to connect startup founders with venture capitalists and mentors.
Paytm CEO Vijay Shekhar Sharma Doesn’t Respect Flipkart Or Snapdeal, Interview Suggests
Paytm CEO Vijay Shekhar Sharma has been known to speak his mind. “In this country, there’s no f*cking better brand than us!”, he’d roared at a Paytm party recently, before claiming that his company had achieved numbers in 2 years that others took 5 years to reach. It had seemed a dig at Flipkart and Snapdeal then, but now it turns out that he really doesn’t think very highly of these companies.
Amazon Now Employs Women To Deliver Packages
Women have broken through yet another traditionally male bastion. Amazon deliveryboys, which are now a ubiquitous sight in India as they zip and weave through traffic on their bikes, shall now just be boys any more. Amazon is piloting a project in Chennai and Kolkata in which women shall go around delivering packages
Uber Partners With Mumbai Police To Curb Drunk Driving
reducing drunk driving deaths – after a long night out, people these days prefer being driven home via Uber instead of taking to the road themselves, and save themselves some nasty road crashes in the process.
Uber’s now trying to proactively bring down drunk driving level in India too. It’s partnered with the Mumbai police by installing “Uber Breathalysers” at bars and clubs across the city.