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Author Archive ‘ Vijayakumar Pitchiah ’

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Snapdeal shuts down fashion portal Exclusively.com

Close to 18 months after acquiring Exclusively.com, Snapdeal has integrated the marketplace for premium branded fashion and lifestyle products with its core offering. Now, Exclusively will cease to exist as a standalone platform. Its offerings will be available on Snapdeal and orders for its produc...

17 August, 2016 | More »

Justdial

Just Dial Q1 net profit rises on higher other income, lower tax payout

Online search engine company Just Dial Ltd on Wednesday reported an 8% rise in net profit for the fiscal first quarter, helped by a jump in other income. Net profit for the quarter ended on 30 June 2016 increased to Rs 38.93 crore from Rs 36.05 crore a year earlier, the company said in its […...

17 August, 2016 | More »

2016-08-16-1

Voonik hires Amazon’s Raghu Lakkapragada as chief operating officer

Online fashion marketplace Voonik Technologies Pvt. Ltd said on Tuesday it has appointed former Amazon India executive Raghu Lakkapragada as its chief operating officer. Lakkapragada will be responsible for the delivery operations and seller and customer experience, Voonik said in a statement. He is...

16 August, 2016 | More »

myntra_fe

Two more top executives to quit Myntra

Barely a month after lifestyle e-tailer Myntra acquired rival Jabong, two top executives are leaving the Flipkart-controlled firm. The executives are Prasad Kompalli, head of commerce, and Abhishek Verma, who led the fashion brands vertical, The Economic Times reported. The report cited a Myntra spo...

16 August, 2016 | More »

Arpita Ganesh, Founder & CEO, ButterCups

Lingerie e-tailer Buttercups gets funding from former Snapdeal exec Chandrasekaran, others

Bengaluru-based online lingerie retailer Buttercups Bras Pvt. Ltd has raised an undisclosed amount in funding from Snapdeal’s former chief product officer Anand Chandrasekaran as well as existing investors Kanwaljit Singh and Manoj Varghese. The company said in a statement it will use the funds to...

16 August, 2016 | More »

HRX_fe

Myntra acquires majority stake in Hrithik Roshan’s HRX

Flipkart-backed Myntra has acquired a majority stake in fitness and sportswear brand HRX, co-owned by Bollywood actor Hrithik Roshan and Exceed Entertainment, it said in a statement. Myntra said the move will help augment its private label business. HRX will now be able to leverage benefits exclusiv...

12 August, 2016 | More »

gigstart

Kwan Entertainment acquires online party planning marketplace Gigstart

Delhi-based Kwan Entertainment & Marketing Solutions Pvt. Ltd said on Thursday it has acquired online party planning marketplace Gigstart Entertainment Pvt. Ltd. Kwan didn’t disclose financial details of the deal. Anirban Blah, founder and managing director at Kwan, said the talent industry is...

11 August, 2016 | More »

FATAFAT2

Jugnoo launches lunch delivery service to boost hyper-local grocery platform Fatafat

Chandigarh-based SoCoMo Technologies Pvt Ltd, which runs on-demand urban transport aggregator Jugnoo, has launched a ready-to-eat lunch delivery service, aimed at augmenting its recently launched hyper-local grocery delivery service Fatafat. In a week’s time, it plans to launch services for evenin...

10 August, 2016 | More »

Ali Asgar Kagzi and Asad Daud, founders of Genext Students

Online tutoring firm Genext Students raises $200K from crowdfunding platform 1Crowd

Mumbai-based online tutoring platform Genext Students Pvt. Ltd said on Wednesday it has raised $200,000 (Rs 1.4 crore) from crowdfunding platform 1Crowd. Genext said in a statement it will use the funds to strengthen its technology backbone and for marketing. The funding is part of a targeted larger...

10 August, 2016 | More »

STS-Prasad

Freshdesk hires former WalmartLabs exec STS Prasad as engineering head

Cloud-based customer service software provider Freshdesk Inc. has appointed former WalmartLabs executive STS Prasad as its senior vice president of engineering. Prasad will lead all initiatives related to technology development and oversee infrastructure enhancements to support Freshdesk’s growing...

10 August, 2016 | More »