Housing.com has informed of its decision to focus on home buying and selling business and scale down all other verticals including listings and rentals. The company has laid off over 200 employees. This layoff is also meant to drive further efficiencies across the company. With this development, the company will be reorganising its teams to execute the new strategy.
Startups also lent a hand to Chennai in mitigating the woes of the flood. Ola deployed boats in water logged and partially submerged areas of Chennai in order to help citizens who were stranded in waterlogged Chennai. This was done in cordinatyion and on the basis of information provided by the Fire and Rescue Department of Tamil Nadu. The boats manned by professional rowers and fishermen were also used to provide food and drinking water in specific areas. Both the ferrying services and supplies were offered free of cost. Similarly, budget hotel aggregator Oyo offered rooms at discounted prices to provide a safe stay for people stranded due to floods. Lookup partnered with Bhumi, India’s independent youth volunteer non-profit organisations, to conduct collection of clothes as well as other materials from residents living in different areas of Chennai for donating to the victims of the floods.
Important Developments Of The Week
Govt To Probe 21 Ecommerce Companies For FDI Law Breach
The Indian ecommerce players are in a tough spot again after the Delhi High Court on Thursday directed the Delhi government to probe 21 websites for possible breach of foreign direct investment (FDI) laws.
Bluegape Launches Murmur
Bluegape has launched a new app and rebranded itself Murmur, as part of its mobile-first approach. The move came after Bluegape managed to garner impressive traffic on its platform – over 28 Mn unique views and about 47 Mn sessions.
SilverPush Faces Allegations Of Privacy Breach
SilverPush, a cross-device retargeting company, raised concerns in the US over allegations of privacy breach over its technology. Washington-based Centre for Democracy & Technology has submitted a written statement to the Federal Trade Commision that the exercise of connecting a mobile device with other electronic devices creates ‘new privacy issues’ as it enables user activity to be tracked in a more efficient manner.
Frankly.Me Lays Off Almost 40% Employees As It Pivots
Video micro-blogging platform, Frankly.me, laid off close to 30 employees – about 40% of its team, as the company pivots its business model. The company has shifted its focus from a Q&A platform to a more horizontal video social network.