QikPod will launch a network of intelligent lockers for delivery of ecommerce parcels to online consumers across the metros. Parcel Locker is a unit that is installed alongside neighborhood delivery and collection box units or in conjunction with Post Office Boxes in a retail facility that is used for parcel delivery. The startup venture will be launched by serial entrepreneur Ravi Gururaj backed with a $9 million funding from Flipkart, Delivery, Accel Partners and Foxmobile.
From a cross category classifieds business, Quikr has now ventures into the entertainment industry, partnering with filmmakers. It has signed a memorandum of understanding (MoU) with filmmaker Vivek Bohra and casting director Aadore Mukherjee, to launch a platform for actors, casting directors, and production houses. The new platform will unite the different entities which will o help meet the needs of the entertainment industry.
Flipkart CEO tweeted in defence of Snapdeal, saying that Snapdeal wasn’t responsible for Khan’s comments, and shouldn’t have had to face the backlash it did. Users had submitted hundreds of 1-star reviews on Snapdeal’s app on the Google Playstore, demanding that Khan be fired as Brand Ambassador following his comments about rising intolerance levels in the country.
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.