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Posts Tagged ‘ Snapdeal ’

Kavin Mittal gets 24-fold hike in FY16

Friday, January 20, 2017 | More »

Kavin Bharti Mittal, founder, Hike
Kavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annu...

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Snapdeal revenues up 56% but losses more than doubled to $436 mn in FY2015-16

Jasper Infotech Pvt. Ltd, which runs online marketplace Snapdeal, more than doubled its losses to Rs 2,960 crore (around $436 million) in the financial year ended 31 March 2016. Its total revenues went up by 56% to Rs 1,456.6 crore in FY2015-16. It had garnered revenues of Rs 933.3 crore with a net ...

17 January, 2017 | More »

Freecharge-Investment_Shah-Junaid

FreeCharge partners Indus OS for direct integration, eyes 6 mn user base

Mobile wallet firm FreeCharge has partnered with Indus OS, India’s second most popular mobile operating system, for direct integration on smartphones using the platform. With the move, FreeCharge expects to tap the 6 million-plus existing Indus OS user base and new users of Indus OS powered-de...

12 January, 2017 | More »

Jason Kothari, strategy & investment chief, Snapdeal

Snapdeal appoints ex-Housing CEO Jason Kothari as strategy & investment chief

Online marketplace Snapdeal has appointed ex-Housing CEO Jason Kothari as its chief strategy and investment officer, according to a statement. Kothari will be joining Snapdeal on January 16. “Jason is a strong business leader and entrepreneur who has already been the CEO of two successful companie...

11 January, 2017 | More »

Kalyan-Krishnamurthy

Will Tiger man Kalyan Krishnamurthy ride Flipkart out of trouble?

Shedding whatever remaining trappings of an advisory role, venture capital investor Tiger Global has taken direct control of Flipkart with the appointment of its former executive Kalyan Krishnamurthy as CEO of the e-commerce firm. Krishnamurthy will be responsible for the company’s profit and ...

11 January, 2017 | More »

Freecharge-Investment_Shah-Junaid2

FreeCharge receives $57 mn from Snapdeal

Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, has put in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) show. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has inc...

9 January, 2017 | More »

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Will digital wallets survive the UPI onslaught?

In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

6 January, 2017 | More »

myntra_fe

Myntra to shut two Gurgaon offices, shift staff to Jabong’s premises

In a bid to cut costs, Flipkart-owned fashion e-tailer Myntra is shutting down two of its offices in Gurgaon and moving around 200 employees to Jabong’s premises in the same city, said a report in a business daily on Wednesday. Myntra had acquired competitor Jabong from Global Fashion Group la...

4 January, 2017 | More »

Amazone_shah_fe

You can now sell used goods on Amazon India

Amazon India has introduced peer-to-peer sales of used goods, wherein a user can sell products on its platform by registering as an individual seller. The pilot is currently operational in Bengaluru. The programme, called ‘pick-pack-and-pay’, comes after Amazon introduced the sales of us...

3 January, 2017 | More »

Jack Ma, founder & executive chairman, Alibaba Group

Alibaba’s impending entry to alter India’s e-commerce landscape

Jack Ma-owned Alibaba will soon open its first India office in Mumbai’s posh business district Bandra-Kurla Complex (BKC), according to a report in a business daily last week. For this purpose, it has rented 3,221 sq ft of office space at Rs 275 per sq ft per month, the report added. Even on t...

2 January, 2017 | More »

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