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 […] [...]

Exclusive: O2O startup Shopsity shuts down; founder joins Paytm

Danish 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 […] [...]

Karnataka HC upholds ban on surge pricing by Ola, Uber

OLA_UBER2In a blow to ride-hailing apps Uber and Ola, the Karnataka High Court on Thursday upheld the state’s ruling on a cap on cab fares. The Karnataka government had notified in April that cab-hailing firms should get a permit before operating in the state, to comply with Karnataka On-demand Transportation Technology Aggregators Rule, 2016. US-based […] [...]

Amazon launches subscription service Prime in India

Amazone_shahIn yet another move aimed at outdoing rival Flipkart, e-commerce company Amazon India has launched its much-awaited membership programme Amazon Prime for Indian customers. A popular service in markets such as the US and the UK, Amazon Prime promises to deliver products ordered to member customers within a day or two. In India, the service […] [...]

Flipkart to control 70% of online apparel market after Jabong buy

Flipkart_by_shah_junaid_1001The acquisition of Jabong will help e-commerce company Flipkart strengthen its position and control almost 70% market share in India’s growing online apparel shopping segment. According to sellers and executives who work in the online apparel commerce industry, Jabong commands around 25% of the online fashion market despite losing steam over the past year due […] [...]

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 […] [...]