- News Roundup: 12 Startup Stories You Don’t Want To Miss This Week [25 July – 30 July] In a bid to have a leaner organisation structure, and make better utilisation of its cash resources, Flipkart will let go number of its employees based on performance. The company has given 700-1000 of its employees an option to either resign or be sent off with severance pay. Important Development Of The week Paytm, Zomato, […]
- Updated: Askmebazaar Lays Off 250 employees Askmebazaar, a Gurgaon based home and lifestyle products etailer has reportedly fired over 250 employees. The step came in lieu of company’s strategy to increase automation and thereby the productivity, as told by a company’s spokesperson. Another report by Business Standard, stated that over 650 employees from over 40 offices have left Askme. These were […]
- News Roundup: 12 Startup Stories That You Don’t Want To Miss This Week [25 April – 30 April] A recent report by IAMAI states that the proposed 6% equalisation levy of tax, also termed as ‘Google Tax’, on digital ad firms by Modi Government, will significantly increase business cost for tech startups. Nasscom To Take 30 Tech Startups To Valley NASSCOM is hosting the third edition of Nasscom Innotrek 2016. The program is […]
- Housefull International Sends Legal Notice To MebelKart; Accuses It Of Default Payments & Selling Imitations Mumbai-based online furniture store Housefull International has sent a legal notice to AskMe Group backed online furniture marketplace MebelKart for allegedly selling defaulting on payments and selling imitations, reported ET. Housefull International has demanded INR 150 Cr from MebelKart. The company said that it had stopped selling its furniture on MebelKart since February, after the […]
- MebelKart Acquires 53central, Will Introduce Bulk Selling Bangalore-based online furniture marketplace, Mebelkart, has acquired 53central, a crowd bargaining platform that enables group buying options for sports enthusiasts worldwide. 53central was founded this year by Josy Mathew. Post acquisition, Josy will join Mebelkart as the head of business development and lead its new business lines of bulk selling under Mebelkart. On the acquisition, Rahul […]
- Askme To Invest $20 Mn In Furniture Marketplace MebelKart Local search platform Askme is going to invest $20 Mn in Bangalore-based online furniture marketplace Mebelkart. Manav Sethi, Group CMO Askme & head of digital strategy told ET, that the company will be investing this amount in MebelKart in a period of three months for a majority stake (75%) in the company. Currently a 30 member team, […]