Snapdeal to lay off 30% of its workforce

layoffstock-by-shah-junaid-(33)_feE-commerce firm Snapdeal, operated by Jasper Infotech Pvt. Ltd, plans to lay off almost 1,000 employees, which comprises 30% of its workforce, as it looks to reduce mounting losses, a financial daily reported on Saturday citing four people aware of the development. About 5,000 contract and 3,000 on-roll employees from Snapdeal’s logistics subsidiary Vulcan Express […]

Read more

Snapdeal to shut C2C marketplace Shopo

Snapdeal to shut C2C marketplace ShopoThe app and web store will not be operational after February 10. “The e-commerce market in India will continue its robust growth. However, we realise that it will take some more years for a broader ecosystem to develop around the C2C segment,” the post said. Sandeep Komaravelly, who headed Shopo, had quit Snapdeal recently, and […]

Read more

Exclusive: Social commerce enabler Meesho bags angel funding

MeeshoSocial commerce platform Meesho has raised an undisclosed amount of angel funding from investor Rajul Garg, besides other investors, two people familiar with the development told Techcircle.in. The two people did not want to be named. They also declined to name the other investors. A business-to-business (B2B) platform, Meesho, previously called Fashnear, allows sellers to set […]

Read more

Snapdeal claims 1M listings on mobile marketplace Shopo

Snapdeal said on Monday that Shopo, its recently launched ‘zero-commission’ mobile-based marketplace, has crossed the one million mark for active product listings. Launched in July, the Shopo app has been downloaded about 200,000 times, the company said. There are about 20,000 listed shops on the platform. The Shopo platform is pivotal to Jasper Infotech Pvt Ltd-owned […]

Read more

Snapdeal to invest $100M in Shopo: Kunal Bahl

E-commerce major Snapdeal will invest $100 million (about Rs 665 crore) in Shopo as it looks to build up the recently launched venture into a one million seller-strong platform. Launched in July, Shopo is a mobile-only platform, which aims to bring small and medium businesses (SMBs) that cannot register on bigger e-commerce portals. “We launched […]

Read more