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Author Archive ‘ Vijayakumar Pitchiah ’

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Crownit raises funding from Girish Mathrubootham, Kunal Shah and Anand Chandrasekaran

Gurgaon-based GoldVIP Technology Solutions Pvt. Ltd that operates merchant discovery and rewards platform Crownit has secured an undisclosed investment from a group of investors, it said in a statement. Those who took part in the funding round include Freshdesk CEO Girish Mathrubootham, Freechargeâ€...

26 August, 2016 | More »

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No downsizing or integration of manpower post Jabong’s acquisition, says Myntra CEO

Flipkart-backed fashion portal Myntra recently crossed $1 billion in annualised Gross Merchandise Volume (GMV) run rate, becoming the first Indian fashion e-tailer to hit the milestone. In a chat with TechCircle, Ananth Narayanan, CEO of Myntra, says both Jabong and Myntra will continue to function ...

25 August, 2016 | More »

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Quikr buys on-demand beauty services provider ZapLuk

Online classifieds firm Quikr India Pvt. Ltd has acquired ZapLuk, an on-demand beauty and wellness services provider, to grow its beauty services brand AtHomeDiva. ZapLuk co-founder Lavanya Hariharan and about 50 stylists and professionals will be absorbed into AtHomeDiva, Quikr said in a statement....

24 August, 2016 | More »

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CULT raises $3 mn from Mukesh Bansal and Ankit Nagori’s CureFit

Former Flipkart executives Ankit Nagori and Mukesh Bansal’s yet-to-be-launched online preventive healthcare platform CureFit has invested Rs 20 crore ($3 million) in Bangalore-based CULT Fitness Pvt. Ltd, a fitness startup that offers training programmes that do not require the use of equipment, i...

24 August, 2016 | More »

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Trifecta Capital lends $3 mn venture debt to Urban Ladder

Bangalore-based Urban Ladder Home Decor Solutions Pvt. Ltd that operates furniture portal Urban Ladder has secured $3 million (Rs 20 crore) in venture debt from Trifecta Capital. Mint, which first reported the development citing a Registrar of Companies (ROC) filing by Urban Ladder, said the cash tr...

24 August, 2016 | More »

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Myntra crosses $1 bn in annualised GMV run rate

Flipkart-backed owned Myntra claims to have crossed $1 billion run rate in annualised gross merchandise value (GMV) in July 2016, making it the biggest ever month by sales for the fashion e-tailer. In a media briefing, the company said the new milestone is propelled by the growth of its private labe...

22 August, 2016 | More »

Sachin Bansal

Sachin Bansal had to step down as CEO after Flipkart missed targets

Flipkart co-founder Sachin Bansal has revealed he had to step down as the company’s CEO and take up the chairman’s position after missing performance targets, a media report said. Bansal made this disclosure at a town hall meeting with Flipkart employees on 19 August, The Economic Times ...

22 August, 2016 | More »

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Online B2B marketplace Industrybuying appoints Manvinder Kaur as HR head

Industrybuying.com, a Delhi-based online B2B marketplace for industrial goods, has hired former Gap Inc executive Manvinder Kaur as the vice president of human resources. Kaur will will lead the HR vertical and drive functions such as talent management, employee engagement and corporate training, th...

22 August, 2016 | More »

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Now, Uber users can book a ride for others

San Francisco-based cab hailing app Uber has unveiled a new feature ‘Request a ride for others’ which enables users to book a cab for others. Even prior to the launch of the feature, users could indirectly book a cab for others by changing their GPS settings. However, the update makes the proces...

18 August, 2016 | More »

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Exclusive: Former Booz & Co exec Subbu Palaniappan to head Amazon Prime India

E-commerce giant Amazon has appointed former Booz & Company executive Subbu Palaniappan as head of Indian operations of its subscription-based membership service Amazon Prime. The development comes a month after Amazon announced that the membership programme will be available for Indian customer...

18 August, 2016 | More »