Home-grown, multi-sport, footwear and apparel start-up Zeven, which went live with its e-commerce site Zevenworld.com in January, is preparing to open four exclusive brand stores this year. Targeted at the 16-80 age group, Zeven is adopting an omni-channel approach to reach its customers. The fir…
Tag: Flipkart
Large companies, not varsities are new startup garages| Anand Mahindra
Large corporations, and not necessarily reputed tech schools like IITs or MIT, are the new startup garages as big businesses race to stay relevant, Mahindra Group Chairman Anand Mahindra has said. “The new garage is not necessarily in the MIT or Stanford or the IITs. It is in fact, back in …
NestAway raises $30 m in series C funding
NestAway Technologies Pvt Ltd, the Bangalore-based leader in the ‘managed’ home rentals market, has raised $30 million in a Series C financing led by Tiger Global, Yuri Milner, the Russian billionaire investor/founding partner of DST Global and IDG Ventures India. Flipkart’s former head of operat…
Tech startups, e-commerce companies cut down on joining bonuses
With the funding frenzy cooling down and concerns of a valuation bubble rising, India’s tech startups and e-commerce companies are cutting back on plum joining bonuses. “Joining bonuses, used to lure quality talent fast, are being offered to about 10% of the staff now from 30%-40% a y…
ixigo launches app discovery platform for train travellers
ixigo, India’s leading travel search marketplace, has announced the launch of an innovative app discovery platform that lets brands reach out to train travellers contextually and helps them discover apps and deals relevant to them. Over 20 brands including Amazon, Flipkart, Paytm, Freecharge, Pep…
AskmeBazaar to launch marketplaces to deliver food and medicines
Online marketplace AskmeBazaar is launching AskmeFresh, a fresh food delivery marketplace and Askme-Meds, an online health marketplace, to take on established online players in the grocery and pharmacy space. Through these initiatives, which will go live in the next three months across 38 cities,…
We are eager and open to collaborate with SME e-tailers | Saurabh Rai, CEO, Surpluss.in
Excerpts of the interview with Saurabh Rai, CEO, Surpluss.in Q: What is the idea behind Surpluss.in? A: It is all about becoming an ecosystem for providing “access to excess” aspirational brand seeking customers and value seeking retailers. We use a hybrid of B2C and B2B in D2R2C direct to …
Japan’s Rakuten opens office in Bengaluru; poaches mid-level managers from Flipkart, Amazon
Rakuten, an ecommerce company referred to as Japan’s Alibaba and also the owner of chat app Viber, may follow its Chinese peer and enter India’s booming online marketplace. Japan’s Rakuten opens office in Bengaluru; poaches mid-level managers from Flipkart, Amazon Japan’s …
UC web, Flipkart join hands to launch mobile-site on UC browser
UCWeb, the maker behind UC Browser, India’s No. 1 mobile browser with over 55% market share (according to StatCounter) and a business within Alibaba mobile business group, has partnered with ecommerce major Flipkart in an effort to offer its users shopping on the go. Flipkart site, now available …
B2C e-commerce players to focus on reducing ‘cash burn rate’
For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…