Snapdeal has reported a loss of INR 1,328 Cr. on revenue of INR 938 Cr. in FY 14-15. As per the documents filed with the Registrar of Companies, Jasper Infotech Private Limited, which owns and operates Snapdeal, reported its revenue at INR 938 Cr. out of which INR 766 Cr. is the revenue from operations.
Paytm Launches Paytm Force
To assist and advise small & medium sellers in its growing merchant base, Paytm launched Paytm Force. Paytm Force will comprise of over 3,000 experienced and certified ecommerce specialist partners who will offer end-to-end services to merchants including catalogue creation, order fulfillment, account management, returns management and will also resolve their queries.
Foodpanda Dominates Online Food Ordering Space
According to a survey done by Gigato, Saavn is most popular music streaming app while Foodpanda was the most preferred app for food delivery among others.
FreeCharge Launches ‘FreeCharge Go’
FreeCharge launched its virtual card ‘FreeCharge Go’ in association with YES Bank powered by MasterCard. With FreeCharge Go, customers can transact across all major ecommerce portals, pay for movie tickets, book event tickets, pay for various transportation services like a bus, cabs and metro rides, leverage it for hyperlocal services like grocery shopping, etc. across all Indian websites.
Tolexo Launches Fulfilment Service
To make B2B buying & selling easier Tolexo.com launched a fulfillment service, Tolexo Speedy. It will arrange storage and dispatch of products under “Tolexo Speedy” by enlisting the services of its warehousing partners along with added assurance of speed and reliability to the buyer.
Other Developments Of The Week
Spinny Launches Spinny Inspect.
To make an Informed Decision before buying used car, Spinny launched pre-purchase inspection service called Spinny Inspect. This will enable people interested in buying pre-owned vehicles to make an informed choice and pay the right price for their purchase.