- What Does Sachin Bansal’s Flipkart Exit Mean? Walmart’s acquisition of Flipkart has been a cause of celebration for many former and current employees of Flipkart (Flipsters as they call themselves) who have shares (via employee stock options or ESOPs) as they have struck gold, a few of them even becoming millionaires overnight. But despite all the cheer, it’s a bittersweet day for […]
- Softbank To “Very Likely” Finalise Uber Multi Billion Dollar Investment Deal By Next Week Arianna Huffington, the co-founder, and editor-in-chief of The Huffington Post has reportedly stated that Softbank will “very likely” finalise its investment deal with Uber by next week. She made this statement while speaking during WSJ D.Live in Laguna Beach on Monday. Arianna is also a board member in Uber. As shared by her, “The proposed […]
- Ebay India Now A Flipkart Group Company; Merger Transaction Complete The merger transaction between home-bred ecommerce giant Flipkart and eBay has been formalised. This makes eBay India a Fipkart Group Company, along with names such as Myntra, Jabong, PhonePe, and Ekart. Commenting on the development, Flipkart CEO Kalyan Krishnamurthy said, “I’m delighted to welcome eBay.in, its employees, sellers, and partners into the Flipkart family.” Reports […]
- Mastering The Art Of Negotiation Being an entrepreneur can be challenging because you need to wear multiple hats all the time. A lot of this is stuff you’ve never been taught, and you need to learn “just in time” and on the job. There is no safety net, and you need to learn many different skills: how to interpret a cash […]
- O2O Deals Marketplace Little Acquires Gurugram Based Stylofie Bengaluru-based O2O deals marketplace Little has acquired Stylofie, a curated online marketplace for salons and spas. The acquisition will enable Little to further penetrate the beauty and wellness segment. According to a company statement, it will get access to more than 50,000 registered visitors and 1,000+ merchants on the Stylofie platform. Commenting on the acquisition […]
- Products And Deals Discovery App Scandid Acqui-Hires Local Ecommerce Platform Snabar Pune-based mobile-first savings discovery platform Scandid has acqui-hired hyperlocal startup Snabar for an undisclosed deal amount. Once the deal goes through, Snabar CEO Onkar will join Scandid as product manager. Onkar will be responsible for overseeing development of a seamless user experience on Scandid. The acquisition is strategic, as Scandid is on the lookout for […]
- Jaarvis Backed Online Deals Platform PromOn Raises Funding From Now Capital Online deals and marketing platform PromOn has raised a bridge round of $180K (INR 1.2 Cr) led by Now Capital. With this, Sahil Baweja and Ankit Gupta from Now Capital have joined Promon as directors and will be helping them in forming corporate strategies. As per Sahil Baweja, co-founder, Now Capital, “Discounts are ubiquitous, but for […]
- Pune’s Delta Corp Ltd Forays Into Online Gaming; Acquires Poker Site Adda.com For $27 Mn Pune-based hospitality firm Delta Corp Ltd has announced that it will acquire Gauss Networks Pvt. Ltd, which operates online poker site adda52.com, in a $27 Mn (INR 182 Cr) cash and stock deal. Gauss Networks, a software developer, and SaaS firm, owns Gaussian, the entity behind adda52.com. Add52.com was founded by IIT-Delhi graduates Anuj Gupta […]