Mobikwik, one of India’s biggest payment networks and wallet providers, is now venturing into the hyperlocal space with the launch of ‘Explore Nearby’. Available on the MobiKwik app, the feature enables discovery of neighborhood stores, restaurants and cafes that accept wallet payments.
When a brand is all about making beautiful things, it is expected that their office is a reflection of their product. Design is in Chumbak’s DNA and their office is proof. Located in the bustling, posh locality of Indiranagar in Bangalore, Chumbak’s flagship store also houses their corporate office on the upper floors. The office is all that you’d expect a Chumbak space to be, and more. There’s a splash of colours, a lot of kitsch and there’s never a dull moment. The culture in the office fosters creativity, openness, and a lot of great work.
Looking to capture a bigger pie of Indian ecommerce that extends beyond retail, Snapdeal is reportedly in talks with commutech giant Uber. If the partnership goes through, Snapdeal customers will be able to book an Uber ride through the Snapdeal app.
Paytm can’t seem to get into enough verticals. After the e-commerce company started selling everything from bus tickets to movie tickets, it seems to be on the verge of expanding into a territory that’s completely foreign to Indian e-commerce providers – flight tickets.
Practo’s become one of the first Indian startups to go truly global. While Indian companies have been taking baby steps in their international expansion plans by testing out the waters with countries in South East Asia, Practo’s raised the bar a whole notch – it has launched in faraway Brazil.
Kishore Biyani has never been a fan of e-commerce. Now it seems like he’s putting his words into action – while Flipkart, Snapdeal and Amazon have been squabbling with each other through ads and discounts, he’s decided to take on the entire industry at once.
Sachin Bansal is a soft-spoken man. His words are usually measured, and his tone is usually conciliatory. But when Economic Times published reports claiming Flipkart might’ve been in sale talks with Amazon, the Flipkart cofounder was in no mood to play the nice guy. Tweeting right back at ET, he came up with this zinger.
Real estate portal Commonfloor that was acquired by Quikr, after months of dilly-dallying, has finally dealt a harsh blow to the 100 employees who have been laid off. Allegedly, post Quikr acquisition the employees could not be absorbed at Quikr and the company had started the process of letting them go since Feb.
While biggies like Flipkart and Snapdeal are figuring out where their next round of funding is coming from and looking at the very real possibility of down rounds, a relatively unknown player is the space is all set to get money from public markets. Infibeam, founded in 2007 by Cornell and MIT Sloan alumnus Vishal Mehta, is all set to IPO on 21st March from which it hopes to raise Rs. 450 crore.