Snapdeal is preparing the framework for a complete acquisition of GoJavas, the online marketplace’s primary delivery partner in which it holds a significant minority stake, according to two people familiar with the early discussions. It is yet unclear how much Snapdeal is willing to pay for…
Tag: Rocket Internet
Foodpanda automates order flow, eyes profits in next three years
Online food ordering platform Foodpanda, which was under fire for laying off over 300 employees earlier this year, has implemented a near complete automation of its order flow to become more operationally efficient with lower staff levels, a top company executive said. “The last six to eigh…
German e-Commerce investor Rocket Internet targets 25-40% sales growth
German e-Commerce investor Rocket Internet expects its main start-ups to grow sales at an average of 25 to 40% in coming years even as it puts a new focus on improving profitability, its founder told shareholders on June 10, 2016 Shares in Rocket Internet slid last week after it reported that ave…
Foodpanda considering another round of investments
Foodpanda.in is considering yet another round of investments this fiscal as it focuses on more human capital, new technologies and products. Saurabh Kochhar, Founder and CEO of the food-ordering application company, told reporters here on the sidelines of an ASSOCHAM event that this year the comp…