Jabong’s Biggest Warehouse Gutted In A Fire
Jabong’s largest warehouse, situated in Pataudi on the outskirts of Delhi, has been destroyed in a fire. Initial reports indicate that the fire was caused by a short circuit. There were no casualities.
Category: Startups
Mukesh Bansal, Ankit Nagori Quit Flipkart
There’s going to be one fewer Bansal at Flipkart’s helm. Mukesh Bansal, who heading the commerce and advertising business at Flipkart, has resigned from the company. The move comes weeks after Flipkart’s restructuring in which longtime CEO Sachin Bansal had stepped aside and co-founder Binny Bansal had stepped in his place.
PepperTap Shuts Down Operations In 6 Cities, Lays Off 400
After Grofers had pulled out of out 9 cities, and Zomato had suspended operations in 4, PepperTap has now shut down operations in 6 cities. The company shall no longer operate in Ahmedabad, Chandigarh, Mumbai, Kolkata, Chennai and Jaipur.
8tracks, An 8-year Old US Startup, Looks To Raise Investments In An Unusual Way
8tracks is San Francisco based startup that runs an online radio service that allows people to create and listen to playlists. The CEO David Porter is now looking to raise additional investments. In the first week of Feb, the 8million plus subscribers of the 8tracks newsletter received an interesting email from him.
E-commerce Startup Moglix Gets Funding From Ratan Tata
E-commerce startup Moglix has announced investment from eminent industrialist Ratan Tata in its venture. The amount has not been disclosed. The NOIDA-based Moglix deals with B2B procurement and supply of industrial products such as power tools, hand tools, adhesives and electrical equipment across several countries.
Facebook’s Free Basics Attempt Foiled; TRAI Rules In Favour Of Net Neutrality
India’s telecom regulatory body TRAI today issued the ‘Prohibition of Discriminatory Tariffs for Data Services Regulations, 2016’ that bars service providers from offerring or charging discriminatory tariffs for data services on the basis of content.
Inshorts: How A Facebook Page Became A 600 Crore Company
It was an ordinary Facebook page, created hopefully like the many thousand others that are created each day on the world’s biggest social network. It didn’t exactly aim to change the world. Its aims were relatively modest – it aimed to provide news updates in 60 words or less.
Three years later, that Facebook page has metamorphosed into a Rs. 600 crore company.
Uber Revises Prices To Conform To Local Factors, To Be Cheaper In Chennai And Kolkata
In a bid to attract more customers, Uber has slashed its fares in Chennai and Kolkata by as much as 25%.
Aamir Khan Loses Snapdeal Brand Ambassador Contract
Aamir Khan is no longer the brand ambassador of Snapdeal. The company had decided to not renew the actor’s contract after it ended on 31st January. According to reports, Snapdeal will not be looking for a replacement for Khan as it tightens its purse strings to cut down on its losses.