Where one side startups are raising innumerable funding and excelling in their business strategies tech blog Gigaom announced a shutdown of its website, which has an estimate of 8.3 Mn monthly readers. The news came just a year after it had raised $8 Mn in funding from a number of venture capitalists.
Let’s have a look at the roundup of news that created a buzz this week:
Nasper’s Grocery Marketplace Tradus Down For Maintenance; Shutdown?
Naspers-owned online marketplace Tradus.com which was rumored to shut last year, currently, hosts a banner stating, ‘We’re under maintenance. We will be back soon’. Authenticating its backing off Tradus’ name on the Naspers website could not be found, its helpline and the customer care numbers were inaccessible, also, the apps are also no longer available on the app store. Though nothing is still confirmed officially. Ibibo, CEO, Ashish kashyap said that he is not associated with Tradus anymore. We have written to him, his reply is awaited.
Myntra’s 90% Traffic Is Now Generated From Mobile Devices; Tier II & III Cities Accounts 50%
Online fashion and lifestyle portal, Myntra achieved its annual target of generating 90% of its customer traffic through the mobile platform. The company also claimed 50% of the mobile traffic from Tier II & III cities. Myntra’s mobile app has also been ranked No. 1 among fashion shopping apps in India with a positive rating of 4.0 on the android app store. It claims to have over 6Mn installations and draws 85% of traffic by Android, iOS and Windows platforms.