CommonFloor founders quit a year after merger with Quikr

Just over a year after online classifieds portal Quikr announced the acquisition of realty portal CommonFloor, the latter’s three co-founders have quit the merged entity. Sumit Jain, co-founder and former CEO of CommonFloor, confirmed the development to Techcircle, adding the “reason of moving was to pursue other interests.” CommonFloor, run by maxHeap Technologies Pvt Ltd, […]

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Will Tiger man Kalyan Krishnamurthy ride Flipkart out of trouble?

Kalyan-KrishnamurthyShedding 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 loss, apart from “operationally driving it”, with the COO and heads of […]

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PropTiger-Housing deal to be signed this week

PropTiger-HousingOnline property broker PropTiger and SoftBank-funded realty portal Housing.com are in the final leg of talks to ink a merger that may be announced as early as this week, two persons aware of the development told Techcircle. This would mark the second such consolidation among the top tier ventures in the online real estate or […]

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You can now sell used goods on Amazon India

Amazone_shah_feAmazon 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 used books in August 2016. The move is seen as an attempt to […]

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You can now sell used goods on Amazon India

Amazone_shah_feAmazon 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 used books in August 2016. The move is seen as an attempt to […]

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Flashback 2016: Challenging year for India’s unicorns

flashback-logo_feThe internet and tech unicorns that sprung up in the recent years have inspired the entrepreneurial spirit among the country’s youth. They attracted billions of dollars of foreign capital and triggered the rise of hordes of startups. The good run in terms of expanding customer base, successive rounds of funding at ever-increasing valuation and steady […]

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Amazon opens new front, pilots beauty service in Bangalore

Amazon-by-Shah-Junaid-(2)1Even as it is making deep inroads into the Indian ecommerce market, Amazon India is piloting in-home beauty services in the country, the most viable segment among home services that offers high frequency of transactions, better margins and repeat business. By stepping into services marketplace, the ecommerce major is opening a new front where it […]

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Quikr’s FY16 loss widens; other income props up revenue

QuikrOnline classifieds site Quikr India Pvt. Ltd posted a wider loss for the year through March 2016, but the pace of increase slowed sharply as it controlled its expenses after expanding at a breakneck pace in previous years. Net loss for 2015-16 expanded to Rs 534 crore from Rs 446 crore the year before, show […]

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Quikr acquires Grabhouse; launches cashless managed rentals

For-Quickr-Story_ThinkstockPhotos-519528974Online classifieds firm Quikr India Pvt. Ltd has acquired home rental startup Grabhouse, run by Cryptopy Technologies Pvt. Ltd, Quikr said on its website on Monday. “This strategic move will help the company address an acute pain point in India’s real estate market with a solution that does not involve any cash payments,” the company […]

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Automobile startup BookMyTime buys Servicemykar

ServicemykarCar purchase and servicing platform BookMyTime has acqui-hired car management startup Servicemykar, according to a press statement. Servicemykar was founded by Raghavendra Chandrappa. The 10-member team of Servicemykar as well as CEO Chandrappa will become a part of BookMyTime. “With this acquisition, we are ready to expand our operation in terms of service and geography,” […]

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