B2B online marketplace Tolexo to lay off 300

layoff_tcOnline business goods marketplace Tolexo Online Pvt. Ltd will lay off 300 employees, or 85% of its workforce, according to a report by Business Standard. The report went on to add that the move is part of the company’s plans to wind up its online business to launch a completely new offline initiative. The company […]

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Exclusive: Office supplies e-com startup Zoffio sold to Chinese firm

ZoffioOnline office supplies startup Zoffio.com, founded by the scions of the Kamani family that owns the luxury hospitality brand Zuri Group Global, has been sold to a Chinese firm for an undisclosed amount after operating for nearly three years, a company spokesperson told Techcircle. Zoffio has not been operational since April this year. “Zoffio has […]

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Exclusive: Indian Gifts Portal raises $2 mn from Karamchand group, others

Rahul Garg, co-founder, IGP.ComIndian Gifts Portal (IGP) has raised $2 million in the latest round of funding from the family office of Naveen Arya, one of the three promoters of Karamchand Appliances, and Tarun Joshi, the India director of UK-based private equity firm 3i. Karamchand Appliances is best known for its mosquito repellent brand All-Out. Joshi, who is […]

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Exclusive: Former Snapdeal exec’s B2B e-tail startup DealBerg acqui-hires WeAreGadgets

DealBerg Technologies Pvt. Ltd, an e-commerce platform that caters to businesses, has acqui-hired another online B2B platform WeAreGadgets. The terms

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