Exclusive: O2O startup Shopsity shuts down; founder joins Paytm

Danish AhmedYebhi.com co-founder Danish Ahmed’s second venture—Shopsity—also seems to have fizzled out. Shopsity followed an online-to-offline (O2O) retail model and connected customers to fashion retailers in their vicinity. Its website and app are no longer working. Moreover, according to Ahmed’s LinkedIn profile he has joined mobile wallet and e-commerce firm Paytm as vice president of O2O […]

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Why startups are making a beeline for the online-to-offline space

1: Praveer Kochhar (Shouut), 2 & 3: Co-founders Satish Mani & Manish Chopra (Little), 4 & 5: Co-founders Samik Sarkar & Shashank Agnihotri (Zakoopi), 6 & 7 & 8: Co-founders Amit Koshal, Rishi Batra, Amit Sharma (Fashalot), 9: Danish Ahmed (Shopsity)End-of-season sales were once known for eager shoppers lining up at store doors early in the morning to get the best bargains. In the last couple of years, however, the crowds have thinned out. Customers now prefer to buy online, attracted by the frequent discounts offered by e-commerce stores. It is to lure back the […]

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Why startups are making a beeline for the online-to-offline space

1: Praveer Kochhar (Shouut), 2 & 3: Co-founders Satish Mani & Manish Chopra (Little), 4 & 5: Co-founders Samik Sarkar & Shashank Agnihotri (Zakoopi), 6 & 7 & 8: Co-founders Amit Koshal, Rishi Batra, Amit Sharma (Fashalot), 9: Danish Ahmed (Shopsity)End-of-season sales were once known for eager shoppers lining up at store doors early in the morning to get the best bargains. In the last couple of years, however, the crowds have thinned out. Customers now prefer to buy online, attracted by the frequent discounts offered by e-commerce stores. It is to lure back the […]

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Exclusive: Chinese entrepreneur Peter Zou floats India-focused VC fund

Peter Zou CO-CEO, at YeahMobiPeter Zou, founder of Chinese mobile ad network YeahMobi, has launched an India-focused venture capital fund joining several other peers who are looking to latch on to the opportunities in the Indian startup space, a senior company executive told  Techcircle.in. For full story click here

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