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Posts Tagged ‘ Softbank ’

Exclusive: Ola’s head of luxury cab business quits

Monday, January 2, 2017 | More »

Abhimanyu Rawal
It turns out that Ola’s head of new initiatives Sundeep Sahni’s wasn’t the only senior-level exit from the company last week. Abhimanyu Rawal, head of Ola’s luxury cab category, also left the taxi aggregator last week and joined a US retail firm, he told TechCircle. TechCircle fi...

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Exclusive: Sundeep Sahni quits as Ola’s head of new initiatives

Cab hailing service Ola’s vice president new initiatives Sundeep Sahni has quit the company, two people with direct knowledge of the development told Techcircle. Sahni, a former MD and co-founder of Rocket Internet-incubated e-commerce marketplace Lazada Indonesia, is quitting Ola a year-and-a-hal...

29 December, 2016 | More »

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Flashback 2016: SoftBank stays on sidelines, tanks up for future

By its lofty standards, 2016 was a relatively quiet year for the SoftBank juggernaut. The telecom and Internet conglomerate, which put copious amounts of money in Snapdeal, OYO Rooms and Grofers in the previous year, stayed away from making any fresh investments in India. This uncharacteristic quiet...

29 December, 2016 | More »

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Flashback 2016: Snapdeal struggles with FreeCharge poser, markdown by SoftBank

Snapdeal, India’s third-largest e-commerce marketplace, had to fend off stiffer competition from larger rivals Flipkart and Amazon and endure volatility on several other fronts in a year when it had few reasons to rejoice. The year, however, had started well for Snapdeal, as it received $200 milli...

27 December, 2016 | More »

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Snapdeal offers to deliver cash at home

Snapdeal, India’s second-largest homegrown online retailer, on Thursday announced the launch of “Cash@Home” service which will allow users to order cash and have it delivered at their doorstep. The company will use the cash that it receives through Cash on Delivery (CoD) to operate this facili...

22 December, 2016 | More »

BigBasket

BigBasket targets 45% revenue from private labels by March 2017

The country’s top online grocer, BigBasket, is ramping up its private label business eyeing higher margins. It expects private labels to contribute 45% to its overall revenue by March next year; currently, that number stands at 33%. Over the next three months, the Bangalore-based company will ...

22 December, 2016 | More »

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PressPlay co-founder Anand Sinha joins FreeCharge

Snapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in...

19 December, 2016 | More »

NoBroker Technologies

How NoBroker is locking down on a fee model to become profitable

The pitfall of excessive cash burn and rapid expansion of several digital real estate developers has led late entrant NoBroker Technologies Solutions to crack the revenue model in the rental space as a priority, before pressing expansion and diversifying into home-buying category. Founder Akhil Gupt...

24 November, 2016 | More »

Housing

Exclusive: SoftBank pumps in another $5 mn in Housing even as merger talks continue

Japanese telecom and internet conglomerate SoftBank Group Corp, a leading investor in several Indian tech startups, has put in an additional $5 million in a bridge round in real estate portal Housing.com, according to three people aware of the development. SoftBank, the lead investor in Housing, had...

22 November, 2016 | More »

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Snapdeal reorganises top management structure

Online marketplace Snapdeal, run by Jasper Infotech Pvt Ltd, has carried out a top-level reshuffle which is leading to consolidation in some of the company’s key teams such as category management, market development, and brand alliances. The development was announced in an internal email sent by S...

11 November, 2016 | More »

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