Home > Archive by category 'Internet'

Internet

Anil Goel

OYO may raise $500 mn from SoftBank, check into unicorn club

Branded budget hotels marketplace OYO Rooms, run by Oravel Stays Pvt. Ltd, is in talks to raise $300-500 million (Rs 2,000-3,335 crore) from SoftBank Vision Fund, in what will possibly be one of the biggest deals in India’s consumer internet space, media reports said on Monday. If the deal goe...

27 February, 2017 | More »

Love and Kush Beejal

Exclusive: Live learning platform NeoStencil raises $1 mn in investment

Ed-tech startup NeoStencil India Pvt. Ltd has raised $1 million (Rs 6.67 crore) in a funding round led by media house Times Group’s ad-for-equity investment arm Brand Capital and California-based Paragon Trust. 91Springboard, M&S Partners Pvt. Ltd founder Hirokazu Mashita and Jabong co-founder...

27 February, 2017 | More »

Johari Shop

Exclusive: Jewellery e-tailer Johari Shop goes omni-channel, gets angel funding

Jewellery e-commerce marketplace Johari Shop has raised $94,000 (Rs 62.5 lakh) from three angel investors, including a diamond exporter and a high net-worth individual, to power its omni-channel efforts. The company will invest the capital to work on its omni-channel strategy that would start with t...

27 February, 2017 | More »

Flipkart-COO-Nitin-Seth_fe

Flipkart COO Nitin Seth looks to ‘bring back the DNA’ by rehiring old hands

E-commerce major Flipkart, which has seen continuous churn at the top level for the last few quarters, is quietly working to revamp its senior leadership team by bringing back old hands. At least half-a-dozen senior executives have returned to the company in the last few months. Flipkart COO Nitin S...

27 February, 2017 | More »

Kunal-Behl-Snapdeal_fe

911—The number that spooked Snapdeal

On Wednesday, Snapdeal founders Kunal Bahl and Rohit Bansal said they will not take salaries for an undisclosed period as the company struggles to survive. Well, that makes financial and ethical sense. It’s ethically right because it takes a large heart to admit mistakes and share the pain of empl...

24 February, 2017 | More »

Closed

Nexus- and Matrix-backed Stayzilla shuts down, may return with a pivot

Online homestay aggregator Stayzilla, run by Inasra Technologies Pvt. Ltd, has halted its operations and will “reboot with a different business model,” co-founder and CEO Yogendra Vasupal has said. “This has been one of the toughest decisions that I have taken so far, but it is the...

24 February, 2017 | More »

Snapdeal

Snapdeal sellers knock govt’s doors as e-tailer struggles

A group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount. The All India Online Vendor Association (AIOVA), an industry group set up to safeguard sellers’ welfare, said in a letter to Sitharama...

24 February, 2017 | More »

Snapdeal_by-Junaid2

Snapdeal layoffs: In the works for months, but kept out of employees’ sight

For employees of India’s third-largest e-commerce firm Snapdeal, the last couple of weeks have been stressful, to put it mildly. The tension is palpable, with the HR calling everyone for a one-on-one session, a meeting that will decide whether they are headed towards the exit door or will mana...

23 February, 2017 | More »

Kinnevik

Swedish investor Kinnevik to sell half its stake in Rocket Internet

Swedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE. It plans to sell nearly 10.9 million shares, representing 6.6% of Rocket Internet’s issued share capital, to institutional investors at €19.25 per share, ...

23 February, 2017 | More »

Ramkumar Narayanan

Exclusive: eBay India’s head of product development Ramkumar Narayanan quits

Ramkumar Narayanan, general manager and global head of monetisation products at eBay Marketplaces in India, has resigned from the firm. He was primarily responsible for generating revenues for eBay. Narayanan has confirmed the development to Techcircle. Previously, he was the vice president of globa...

22 February, 2017 | More »