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

Johari ShopJewellery 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 the launch of its first brick-and-mortar store in Bangalore’s VR […]

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Ola, Uber drivers begin indefinite strike in Bengaluru; services paralysed

ola-uber-feNearly 90% of the one lakh cab drivers associated with taxi-hailing companies Ola and Uber are taking part in an indefinite strike in Bengaluru, bringing the app-based taxi services to a grinding halt in the city. The protesters demand better incentives and relaxed work hours and call for an immediate decision on stopping attachment of […]

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Get My Parking raises $1.1 mn from IAN, others

parkingCloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The startup will invest the fresh funds to deploy its integrated smart parking platform, it said in a […]

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

Ramkumar NarayananRamkumar 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 global product management at Yahoo and also worked with Microsoft in the […]

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Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

FlipkartHome-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft Corp., online marketplace eBay Inc., online payment […]

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Three senior execs step down from Urban Ladder

For-Urban-Ladder-Sen-Exec-Exit-Story_ThinkstockPhotos-102915200_feThree senior employees have resigned from furniture e-tailer Urban Ladder since October last year, marking yet another episode of top-level attrition at the country’s e-commerce firms. Vice president of products and design Kartikeya Misra, director of brand management Vishwanath V, and director of sales Suman Punuru have quit the company, their LinkedIn profiles show. Misra, […]

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Zoomcar co-founder David Back to drive strategy at Idein Ventures

David Back, co-founder, ZoomcarEarly-stage venture capital firm Idein Ventures has hired David Back, co-founder of self-drive car rental startup Zoomcar, as entrepreneur-in-residence. Back will advise Idein and its portfolio companies on strategy, growth, hiring, compensation, legal structure, customer acquisition, monetisation approach, and fundraising, the investment company said in a press statement. Founded by Rajeshwar Prasad, Mahesh Vellaboyina and […]

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Is Flipkart clawing back in the game against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four unnamed people familiar with the numbers of the […]

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Ola, Uber drivers go on strike in Bangalore as talks fail; one attempts suicide

IMG-20170216-WA0007As the latest round of talks between driver representatives and cab-aggregators failed, drivers associated with taxi-hailing companies Ola and Uber have launched a fresh round of agitation in Bangalore. One of the protesters attempted suicide outside Ola office by consuming poison. He has been rushed to hospital and is being treated at the ICU at […]

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Amazon plans to launch brick-and-mortar food outlets in India

Amazon005Ecommerce major Amazon has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Citing a person who saw the application submitted to the government by Amazon Corporate Holding Pvt. Ltd, The Economic Times reported that Amazon wants to enter the food space in […]

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