Articles by Vijayakumar Pitchiah

The rise and fall of Jabong

Jabong_feFashion portal Jabong ranks among the e-tailers that redefined the concept of online shopping in India. But it is also in the list of companies that only flattered to deceive. Jabong is being bought in an all-cash deal by Flipkart-owned Myntra for $70 million. That’s a steep drop from the $1.2 billion valuation for Jabong […] [...]

Myntra to buy Jabong to boost fashion e-commerce play

myntra_feFlipkart-owned Myntra said on Tuesday it has agreed to acquire main competitor Jabong from Global Fashion Group to create India’s biggest fashion e-tailer. The deal consolidates Flipkart’s position in the Indian e-commerce market and enables Jabong parent Rocket Internet to exit the loss-making venture. The acquisition will also provide Flipkart some much-needed arsenal in its […] [...]

Quikr acquires Hiree to enter white collar jobs space

Pranay-ChuletOnline classifieds firm Quikr has forayed into the white collar jobs space by acquiring IDG Ventures-backed Abhiman Technologies Pvt. Ltd which runs portal for white collar jobs, it said in a statement. Hiree said its platform will be merged with QuikrJobs and the company will function out of Quikr’s headquarters in Bangalore. The acquisition […] [...]

Online hypermarket Urdoorstep gets $300K in bridge funding

Dinesh-Malpani_feBangalore-based online hypermarket operator Urdoorstep Eretail Pvt. Ltd has raised $300,000 (Rs 2 crore) in a bridge round of funding from CP Murali, former chief operating officer of US-based telecom software firm Aricent Inc. Urdoorstep will use the funds to augment the technology backbone of its operations, founder and CEO Dinesh Malpani told TechCircle. “As […] [...]

Mobile marketing startup Skrilo gets $1.5 mn in seed funding

Manish Sinha, founder and CEO, SkriloGurgaon-based Skrilo India Pvt. Ltd, which operates a mobile marketing and rewards platform, has raised $1.5 million (Rs 10 crore) in seed funding from individual investors including Livspace co-founder Anuj Srivastava and AT Capital Group founder Arvind Tiku. The company will use the funds mainly for marketing its reward programme and building its product pipeline, […] [...]