Exclusive: Ola’s head of luxury cab business quits

Abhimanyu RawalIt 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 first reported about the exit of Sahni, former MD […]

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

VCCircle_Quit2Cab 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-half after joining the firm to start his own firm, according to one of […]

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

softbank_feBy 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 at SoftBank in terms of fresh investments can […]

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

Snapdeal-by-Shah-Junaid_ASnapdeal, 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 million from Canada’s Ontario Teachers’ Pension Plan and other […]

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Snapdeal offers to deliver cash at home

snapdeal22Snapdeal, 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 facility, it said in a media statement. “As the country […]

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BigBasket targets 45% revenue from private labels by March 2017

BigBasketThe 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 expand its private label offerings to non-food categories and […]

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PressPlay co-founder Anand Sinha joins FreeCharge

10377429_10152617238857772_192189687037188245_nSnapdeal-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 addition to working on several strategic initiatives for the firm, the company said in a press statement. Sinha […]

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

NoBroker TechnologiesThe 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 Gupta of NoBroker, says the company, which raised $13m in two […]

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

HousingJapanese 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 invested $15 million in the company in January […]

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Snapdeal reorganises top management structure

Snapdeal_by-Junaid2Online 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 Snapdeal’s co-founder and chief operating officer Rohit Bansal to […]

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