Rahul Yadav’s behaviour towards investors, ecosystem and the media has been called the basis of this decision of firing him from the board. Company said in an official statement, “The Board believed that his behavior is not befitting of a CEO and is detrimental to the company.”
Lets have a look at the important developments of the week:
Amazon became the most visited ecommerce site in India
According to data collected by Internet analytics firm comScore Data, Amazon India had 23.6 Mn unique visitors, followed by Flipkart with 23.5 Mn visitors and Snapdeal, which had 17.9 Mn visitors in the month of May.
Narendra Modi Launched Digital India Project
Digital India is government’s initiative to connect the entire country through broadband by 2019. Project will bring 2.5 lakh villages under broadband connectivity, promote e-governance, realize universal phone connectivity to make India a global leader of IT in services like health, education and banking. PM has also announced various schemes including Digital Locker, e-education, e-health and National Scholarships Portal.
FabFurnish Co-founders, Vikram Chopra and Mehul Agrawal quit the company
Paytm Launched A Bus Ticket Marketplace
The company forays into travel segment with four travel aggregators on board to incorporate all bus routes on its system.This launch is a part of Paytm’s strategy to enter as many new segments, to grow its gross merchandise value ( GMV) to $3-4 Bn by the year end.
Uber Pulls Off A Simultaneous Launch In Seven Cities
The launch took place in Bhubaneswar, Coimbatore, Indore, Mysore, Nagpur, Surat and Visakhapatnam. With this, now Uber has it services in 18 Indian cities.
Snapdeal hires P&G executive Amit Choudhary as their new senior VP – corporate finance
Former Procter & Gamble executive, Amit Choudhary will be responsible for driving overall controls in finance, FP&A and taxation at the group level, Snapdeal said in a statement. Snapdeal has been doing a series of top level appointments in the past 12 months.
IndiaMART Strengthens Leadership Team with Appointment of Veteran, Mudit Khosla
Mudit Khosla will join the company as Senior Vice President at Brand Solutions Group. As an integral part of the company’s leadership team, Mudit will be a visionary for devising innovative strategies and managing effective implementation of the same for smooth functioning of the Big Brands associated with IndiaMART. Mudit has played a key role in setting up of Indiatimes Shopping. He was also a part of the core founding team of Yatra.com and has served as CEO at reputed organizations like Seventymm.com and Tradus.com (ibibo Group).
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Lets have a look at other developments of the week:
HDFC Bank launched Its Banking App For Apple Watch
An Online Lingerie Marketplace, Clovia appointed its new CEO And CTO
Former Mount Apollo employees, Pankaj Vermani and Aditya Chaturvedi have joined Clovia as the new CEO and CTO respectively. According to the company’s statement, Neha Kant, the CEO and founder of Clovia, will now become chief revenue officer while continuing to be a board member.
Flipkart Tied Up With Three Major home retailers to expand portfolio
This tie-up with Home Town (Future group), HomeStop (Shoppers Stop) and @Home will add a whole new range of products from these retail brands to Flipkart’s existing portfolio of 1,000 plus brands with seven lakh home products.
Flipkart to introduce ‘Image Search’ feature for its app
With this new Image Search feature, users can now click a picture or use a photo on their phones to find fashion products of same colour, pattern or style on Flipkart. The feature is currently at beta stage and will be available to customers through an app upgrade.
SilverPush Bags The First Prize At Quantium Australia startup event
Quantium, a globally recognised leader in the development of data-driven insights and ideas, sought to attract and partner with Australia and India’s best innovators through this venture support initiative.
MobiKwik partners with WHSmith India to become the first Mobile Wallet to enable shopping at Offline Retail Stores
Over 17Mn MobiKwik users can now shop for stationery, snacks and more at over 55 WHSmith India outlets. WHSmith India stores will also serve as ‘MobiKwik Nodes’, where users can even load money on their MobiKwik wallet. MobiKwik targets to create India’s largest independent payments network with 100M digitally paying users and 200,000 retailers
GrabOn looks set to revolutionize coupon industry dynamics with the cutting edge Buzz Me feature
Buzz Me is a personalized anytime notification popping-up on the desktop for providing coupon users with the best deals. This unique feature by GrabOn, can function without the need to register or download any app/plug-in. Moreover, the Buzz Me feature will also automatically adjust to any browser/interface upgrades, eliminating the need for manual updating and simplifying the user experience.
CCAvenue Introduces A Startup-Friendly Pricing plan
StartUp Pro offers the lowest possible processing fees and tools to run online business with minimal cost. This new scheme was launched by CCAvenue to complement PM’s Digital India Initiative.
Truebil pioneers India’s first-ever virtual car booking feature
‘Book Now’ feature on their website which will enable buyers to book their car online, a first of its kind in the used-car industry in India.Truebil also added a ‘Quick-Sell’ feature on their platform that propels a faster sale for the seller. The features also offer multiple benefits to buyers aimed at making the whole process hassle-free and rewarding.
Printvenue Appointed Bipin Narang As CEO-Southeast Asia
Previously CMO at Vistaprint India, Bipin brings over 17 years of rich experience across E-commerce, Telecom, Retail, Media, Liquor & Advertising and has worked with organizations like Bharti Airtel, Videocon Mobiles, United Spirits and Network 18. In his current role, he will be directly reporting to Gagan Arora, CEO-Printvenue.