ShopClues Looking To Raise Rs. 1,320 Crore; Go Public
Online shopping store Shopclues is looking for funds to the tune of Rs.990 to 1,320 crores so as to double its estimated worth in less than a year. According to Sanjeev Aggarwal, senior managing director at Helion Ventures which has a stake in Shopclues, the company may also go for a public offering to achieve its objective. “We feel we could be the first ecommerce company to go public,” added Agarwal.
Zomato Book To Launch Globally This Month
Zomato’s table booking system is all set to launch globally. Zomato Book, which had been undergoing trials in India, will now be available across 12 markets – Australia, New Zealand, Portugal, UK, Ireland, Chile, South Africa, Czech, Slovakia, Turkey, Italy and Poland.
Flipkart’s Biggest Investor Picks Up 2.44 Million Shares In Amazon
The biggest investor in Flipkart – Tiger Global Management – is reported to have picked up 2.44 million shares in Amazon, Flipkart’s biggest competitor. The move makes Amazon Tiger Global’s second-largest public holding company.
Square Yards Helps Its Employees Own Their Homes This Diwali
Diwali usually means a nice little gift for most office workers. This is usually a box of sweets, or if their company is feeling generous, some dry fruits. But the employees at Square Yards have it a little better than the others come festive season. Their company has decided to fund the downpayment of their brand new homes.
Ola Turns Twitter Trend On Its Head, Deploys Boats In Chennai
When jokes about Ola Boats began surfacing on the web following the rains in Chennai, the cab hailing company did the unthinkable – it managed to deploy actual boats to help out those in need.
Directi Sends Touching Letters To Campus Recruits’ Parents
It’s often hard for companies to retain a connect with their recruits between their campus placements and their joining dates, and students too are in a strange limbo between college life and the real world. Directi wanted that things be different this year. They decided to step in and surprise their campus recruits this Diwali.
Flipkart Makes It Easier For Employees To Monetize ESOPs
Flipkart is continuing to innovate in the area of HR practices. After announcing generous maternity and paternity leaves, and offering unprecedented leaves flexibility at work, the company has made it easier for its employees to monetize their stock options, which are often a large part of their salaries.
Practo Ties Up With Uber Across India, Indonesia And Singapore
Practo has said that it is tying up with taxi hailing app Uber to ferry patients to their doctors. Across India, Indonesia, Philippines and Singapore, those who book an appointment on Practo’s mobile application will be able to view the closest Uber available along with the appointment reminder alert.
Hyperlocal Services Provider LocalOye Lays Off 60 Employees
In a continuation of the winter wave of startups layoffs, Bangalore based hyperlocal services provider LocalOye has laid off 60 employees.