TinyOwl Lays Off Another 100 Employees
In another bad news coming in from the food tech startup world, TinyOwl is set to lay off another 100 employees
Category: Startups
40% Of Ecommerce Goods In China Counterfeit: Report
Not too long ago, the world had its eyes on China as one of the fastest growing countries in the globe. Now its economy has been slowing down, and the future doesn’t look quite as bright any more. One of the bright spots in China’s economy was its e-commerce sector, where players like Alibaba were breaking new ground with their humungous sales figures. A new report, however, takes the sheen off these numbers.
Have E-commerce Firms Violated FDI Norms? RBI, ED Asked To Probe
The mega sales have ended. The partying is also over. E-commerce majors such as Flipkart, Amazon and Snapdeal are now in for some sobering news.
Government of India has asked Reserve Bank of India (RBI) and Enforcement Directorate (ED) to probe whether e-commerce majors have violated Foreign Direct Investment (FDI) rules by engaging in business-to-consumers (B2C) activity.
Flipkart and Amazon Try Out Online Mystery Shoppers
With several online customers facing such bad experiences in terms of pricing discrepancies, non-availability of desired products, or even receiving sub-standard or fake products, online marketers are now pulling up their socks to ensure customer satisfaction on one hand, and prevent fraud on the other. And one of the approaches taken by many ecommerce platforms, including biggies Flipkart and Amazon is introduction of the Mystery Shopper.
Zomato Falling Short Of Revenue Targets, Deepinder Goyal Pulls Up Sales Team
All’s not well at Zomato. Weeks after the company had announced that it was laying off 10% of its workforce in an apparent restructuring, it has emerged that for the first time in 5 years, the company is falling short of its sales targets. And Deepinder Goyal, the 32 year CEO, is not pleased.
Flipkart Employees Party In Style Following Big Billion Days Sale
After the big success of its 5 day sale- The Big Billion Days- the company threw a big bash celebrating and also its 8th anniversary which happened to this month.
Jabong Appoints New CEO
Jabong, whose CEO and MD had quit in September, has finally found a replacement. The company has appointed Sanjeev Mohanty as CEO and Managing…
The Stunning New Pictures From Telangana Government’s Entrepreneurship Hub
The Telengana government had launched India’s largest entrepreneur hub – T-Hub in August of this year. The inauguration had taken place among much fanfare, with Ratan Tata being the chief guest and grand promises being made. But given the usual pace of government projects in India, expectations had been muted. But the Telangana government has delivered, and how.
FreeCharge To Raise $300m: Reports
FreeCharge, which was acquired by Snapdeal this May in India’s largest tech deal, is in talks with existing and new investors to raise $300 million. This will be Snapdeal’s first fund raise that’s earmarked for a separate entity.