Startup Funding Wrap 1st Oct – 8th Oct
A summary of the startup funding news, 1st Oct – 8th Oct 2015.
Category: Startups
Jabong’s Losses Mount, Company Finds No Buyers
Jabong’s plight may well be a resounding alarm for the hitherto burgeoning startup scene in India, which is finally showing signs of correction, what with Zomato, Helpchat and Housing scaling down their workforce, and food tech startups like Dazo ceasing operations.
Season of Layoffs Continues, Zomato Fires 300 Employees
Trouble is brewing in the food tech industry. After food delivery TinyOwl fired xxx employees, and food delivery app Dazo shut down last week, and Zomato has now annouced that it will be laying off 300 employees, or 10% of its workforce.
Sachin Bansal And Binny Bansal Delivering Packages For Flipkart This BBD
Flipkart’s been packaging and shipping an astonishing number of packages this festive season, and resources are understandably stretched. So they’re calling in reinforcements for their delivery teams. They’re hardly your typical delivery employees though.
So Which E-Commerce Company Is Winning This Festive Season?
The festive season is in full swing, and Indian e-commerce giants are battling it out for a share of India’s online shopping pie. The 3 biggest players – Flipkart, Amazon and Snapdeal – are running simultaneous sales from 13th to 17th October, and marketing and promotions have been fierce.
India Becomes World 3rd Largest Startup Ecosystem
If you suspected that India’s startup boom was reaching world-class proportions, you now have numbers to back it up. In a report released jointed by consultancy firm Zinnov and Google, India has been placed 3rd in the list of startup ecosystems worldwide.
Snapdeal Chief Product Officer Trolls Flipkart On Twitter
India’s great ecommerce wars are well and truly on, and the three main players – Flipkart, Amazon and Snapdeal – are battling it out for a share of the Indian comsumer’s attention this festival season. Flipkart’s much vaunted Big Billion Day sale around the corner, and all eyes are on the event after the fiasco last year when the sale had left thousands of customers angry and the company had to issue an apology for the site crashing during the event.
Helpchat Fires 150 Employees
Indian personal assistant startup Helpchat has fired 150 employees without notice or reason. Murmurs of funding issues emerge.
News Of Cost Cutting, Expected Layoffs Surface at Twitter
It’s barely been a week since the 38-year old Jack Dorsey took over as permanent CEO of Twitter and news about impending cost cutting measures have already begun to surface.