Tag "snapdeal"

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to

Snapdeal reportedly in talks with Flipkart, Paytm for potential sale

By : CIOL Writers

Online marketplace Snapdeal is reportedly in talks with rivals Flipkart and Paytm E-Commerce Pvt Ltd for a potential sale, according to a Livemint report. Japan’s Softbank Group, an investor in Snapdeal, is leading the sale talks, and the deal could

Snapdeal reduces vendor payment cycle by 40pc

By : CIOL Writers

Amid reports that several online sellers have sought Commerce Minister Nirmala Sitharaman’s help to get their dues from Snapdeal, the e-commerce company has announced that it is reducing the vendor payment cycle by 40 percent, bringing a significant benefit for

FreeCharge CEO Govind Rajan calls it quits, Jason Kothari to oversee business ops

By : CIOL Writers

Freecharge CEO Govind Rajan has resigned from the company, according to an Economics Times report. Rajan took the reins of Jasper Infotech-owned digital payments platform in May 2016, and his resignation has already been accepted by the Jasper Infotech leadership.

Snapdeal reportedly laying off 30pc of its workforce

By : CIOL Writers

Amid the funding crunch and top-level executive exits, Snapdeal is reportedly planning to lay off 30 percent of its workforce. Citing four people, the Economic Times report says that in the next two months, Snapdeal is planning to cut off

Another senior executive, Tony Navin quits Snapdeal after a seven-year stint

By : CIOL Writers

Barely two days after we heard about Snapdeal’s two senior executives- Abhishek Kumar and Sandeep Komaravelly quitting the firm, comes another piece of news about one more top level exit in the form of Tony Navin, head of partnerships and

SoftBank’s Q3 operating profit rises 71pc on the back of Sprint

By : CIOL Writers

Tokyo-based telecom and Internet giant, Softbank has posted its third quarterly earnings and even though the company managed to beat the expectations by a margin, it has reported a loss of $351 million in two of its biggest bets in

Amazon to foray into India’s online grocery segment

By : CIOL Writers

To further push India’s thriving online grocery selling domain, the global e-commerce giant, Amazon has applied for a wholly-owned food venture to the government of India that will allow the platform to stock locally produced food items and sell them

Alibaba to lead $200mn investment in Paytm’s e-commerce business

By : CIOL Writers

Paytm E-Commerce Pvt. Ltd is close to raising 200 million in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, according to an Economic Times report. Citing two people in the know of the deal that will

Tech and e-comm startups hail Budget 2017

By : CIOL Writers

Sensex closed at a high of 486 points after ‘Union Budget 2017’ which means it has got a nod from the investors as well. The budget 2017 has set the goals straight as India takes head-on the challenging global economic

Snapdeal ropes in Housing CEO Jason Kothari as chief strategy & investment officer

Snapdeal has announced the appointment of Housing.com’s CEO Jason Kothari as its Chief Strategy & Investment Officer. He will work alongside co-founders, Kunal Bahl and Rohit Bansal, in this key leadership role and will be joining Snapdeal on January 16,

Amazon India launches city-based platform for small sellers in Bangalore

By : CIOL Writers

In a bid to help small sellers to cross the threshold of the digital platform, Amazon India has launched city-specific platforms which allow sellers to advertise products to buyers within the city. According to Economic Times report, the service is

Fynd secures undisclosed funding from Facebook exec Anand Chandrasekaran

By : CIOL Writers

Online fashion marketplace, Fynd has raised an undisclosed amount of funding from Facebook executive Anand Chandrasekaran in an extended pre-series A round. Rajiv Mehta, chief executive of Arvind Sports Lifestyle and Ramakant Sharma, co-founder of Livspace, also participated in the

Reliance Jio partners Snapdeal to deliver Jio SIM cards

By : CIOL Writers

Amid constant pressure from incumbent telecom operators and TRAI, Reliance Jio is yet to stop reaching to as many people as possible. Moving in the same direction, Reliance Jio has partnered with Snapdeal to deliver Jio Sim cards to customers

Forget ATM queues! Snapdeal to deliver cash at your doorstep at a nominal fee of Rs 1

Snapdeal today announced the launch of a Cash@Home service- a goodwill gesture by Snapdeal to allow users to easily access cash without having to queue up at their bank or at the ATMs and have it delivered at his/her doorstep. Snapdeal will be using the

e-tail to add 0.4mn high-skilled jobs by 2021, says study

BANGALORE, INDIA: E-tail and allied ecosystem (logistics, warehousing, IT, ITeS) is expected to create direct employment for around 1.45 million workforce by 2021, reveals the recent study done by Snapdeal and KPMG. The study focuses on the role of e-tail

Uber teams up with Snapdeal for a special children’s day campaign

By : CIOL Writers

Uber has joined hands with Snapdeal for a special children’s day campaign called ‘Unbox Uber: Colour A Smile’ to facilitate donations of crayon color packs for the underprivileged kids. The campaign will run from 14th November to 21st November. Uber

Amazon suspends Cash on Delivery; Flipkart, Snapdeal put a cap on them

By : CIOL Writers

Cash on delivery or CoD forms more than 60 percent of all transactions done on e-commerce portals. But given Prime Minister’s announcement of demonetizing high currency notes, sales across all online marketplaces has been hit badly. In lieu of the

Snapdeal allays cash crunch concerns of buyers with new FreeCharge pay on delivery feature

NEW DELHI, INDIA: Snapdeal announced a Wallet on Delivery (WoD) feature, which will allow users to pay on delivery by using their FreeCharge wallet. The launch of Wallet on Delivery is a quick and effective solution to all user concerns about Cash on Delivery

Paytm, Freecharge and MobiKwik seek opportunity in adversity

By : CIOL Writers

Though PM Narendra Modi’s latest move of demonetizing Rs 500 and Rs 1,000 notes gave sleepless night to many across the country, there is a coterie of digital payment and wallet companies who see a big opportunity in this adversity.