The controversies have not ended for the online marketplace Snapdeal. This time the founders, Kunal Bahl and Rohit Bansal and the company’s former Senior Vice President (Finance) Vijay Ajmera have been accused of copying the business model of entrepreneur Gaurav Dua. In his complaint, he claimed that the non-inventory holding marketplace model was his idea and the ‘Snapdeal officials cheated him under the garb of raising funds for his business.’
Not only this, the Delhi-based ecommerce marketplace was caught also in the crossfire of citizens reacting to Snapchat CEO Evan Spiegel’s “poor India” remark, and erroneously venting out their anger on Snapdeal app instead of Snapchat. It all started after an interview of ex–Snapchat employee Anthony Pompliano’s appeared in Variety magazine.
Important Developments Of The Week
Uber To Launch UberEATS In India
Uber will be launching its food delivery app UberEATS in India in the second quarter of 2017. The services will initially be launched in six cities – Bengaluru, Hyderabad, Pune, Mumbai, Chennai and Gurugram – and will expand further.
Also, Uber has launched its business solution ‘Central’ in India. Central allows an organisation to centrally request, manage, and pay for rides.
Zoho Launches Zoho Finance Plus
The GST-ready financial suite will help Indian businesses make a smooth transition to the new GST regime, offering an end-to-end integrated cloud platform for businesses to manage their finances and operations, including the filing of GST returns.