Snapdeal sellers knock govt’s doors as e-tailer struggles

SnapdealA group of sellers on online marketplace Snapdeal has approached commerce minister Nirmala Sitharaman to protect their interests as the company’s troubles mount. The All India Online Vendor Association (AIOVA), an industry group set up to safeguard sellers’ welfare, said in a letter to Sitharaman it was afraid that Snapdeal may default on payments to […]

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Paytm’s Sharma, Mahesh Murthy on cloud 9 as Musk hints at summer launch for Tesla

It was just a 23-character tweet. But it came from Elon Musk, the maverick founder of electric vehicles giant Tesla Motors. And it was enough to leave the poster boys of India’s startup community euphoric. In response to a question from an apparent Tesla fan, who asked, “eagerly waiting for Tesla to launch in India. […]

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Fashion marketplace Voonik in legal tussle with Surat-based vendors

VCCircle_voonik2223In another clash between sellers and online marketplace operators, fashion e-tailer Voonik and a group of Surat-based garment sellers are engaged in a legal battle over non-payment of dues. A group of garment sellers had filed a first information report (FIR) against the fashion e-commerce firm on 7 January 2016. In response, the company dismissed […]

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Voonik appoints ex-Groupon executive as chief data scientist

Himmat Singh Padode, chief data scientist, VoonikFashion marketplace Voonik has appointed ex-Groupon executive Himmat Singh Padode as its chief data scientist, the company said in a statement on Thursday. Padode was previously leading the data team of coupons firm Groupon, from its Silicon Valley headquarters. He has also worked with companies such as Essar and Religare. “Voonik is building one-of-a-kind data […]

Read more raises $2 mn Series A funding

FabAlleyHigh Street Essentials Pvt Ltd, the company that owns and operates, an online fashion brand exclusively for women, has raised $2 million (Rs 13.42 crore) in Series A round of funding led by India Quotient. FAO Ventures, Indian Angel Network (IAN) and a group of angel investors including Tushar Singh and Ranjan Sharma also […]

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