Akin to Cyber Monday and the Black Friday in US, Google use to organised GOSF during the month of December in India, which has been scrapped now. This move comes because of the heavy discounts running from ecommerce stores all throughout the year.
Vizury Pivots To A Data Management Platform
Vizury has pivoted its business model to a data management platform (DMP) business due to which it has laid off around 50 of its employees in 3 cities in ad retargeting business.
Ad Network AdMagnet Suspends Operations
Funded by Sequoia Capital, AdMagnet, has suspended its operations. The senior executives and founding members declined to state the reason commenting that it was a management decision.
Paytm Partners With Microsoft
The partnership is aligned with Paytm’s vision of cashless economy. The initiatives includes integration of Paytm Mobile app and the Paytm Wallet into Microsoft Cortana.
Housing To Lay Off Another 200 Employees
Flipkart To Pump Over $2 Bn In Its Logistics Network
Flipkart opened it largest automated warehouse in Telangana which is spread over 2.2 lakh sq ft and holds storage capacity of 5.89 lakh cubic ft, creating over 17,000 direct and indirect employment opportunities within the area.