Housing.com CEO Rahul Yadav, one of the most controversial startup founder of the year, has allotted all of his personal shares – said to be worth between INR 150 Cr. and INR 200 Cr. – to all of the 2251 employees of Housing.com, says the company (he owns 4.5% shares in the company). Rahul made this announcement in the company town hall that was attended by all employees of Housing.com, with this, Housing employees will get approximately one year of their annual salaries worth of Housing stocks. Rahul Yadav reasons the step with – “ I’m just 26 and it’s too early in life to get serious about money etc.”
Let’s have a look at important developments of the week:
Myntra is now app-only
Fashion and lifestyle startup, Myntra has shut down its web operations and is now “app-only” platform. Speaking on this new development, Mukesh Bansal said, “India ranks second to the US in terms of reach and engagement for shopping apps. With smartphones growing at tremendous rate, we see this percentage increasing.”
Zomato Separates Its Order Service From Main App, Launches As Zomato Order
The company has launched a separate app Zomato Order. The hyper growth of the company made it inevitable for it to enter into food delivery. Three months back, Zomato was all set to deliver food to its customers, as the company announced its plans to invest $50 Mn for the launch of food delivery business. It became apparent after a point and the company is now all set to go out in full swing. The app has been separated from the main app a month after it launched its online food delivery system in Delhi. On this move, Zomato stated three major reasons- More Focus means less clutter leading to a better UX, Independent release cycles mean fewer updates and Smoother app experience due to deep-linking.
CommonFloor Introduces ‘Live-In Tours’ for the secondary and rental properties
India’s leading online real estate platform, CommonFloor.com announced the launch of a first-of-its-kind feature – ‘Live-in Tours’. This new feature has been especially designed for the rental and resale reality market in India. Live-in Tour can be accessed on the Personal Computer’s web, mobile app and will soon be available on mobile web. It Reduces time and efforts of property seekers looking in the secondary market and also helps buyers in getting complete perspective and shortlist properties quickly.
Enterprise Software Startup Sapience Enters Into B2C With New Product, Seeks $20 Mn Revenue By 2018
Pune-based enterprise software tech startup, Sapience Analytics has forayed into the B2C segment with the launch of its new product – “Sapience Buddy”. Sapience Buddy a PC – based software application that automatically discovers daily work patterns and time spent on multiple work activities. The product uses the insights gained from over 200 Mn hours of workplace data to offer working professionals a user friendly and intuitive PC application to achieve more and with reduced stress. The company is expecting about one million users to be using the newly launched product and generate a revenue of INR 2 Cr ($312K) by 2015-16. The company aims at an overall revenue of $20 Mn in the next three years and are also expecting the revenue growth from the B2C segment to be 50% of the total revenue.