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Last year, Snapdeal’s founders drew total compensation of about Rs40 crore each.
No other market illustrates Rocket’s decline more than India, one of the company’s most promising bets until last year.
Since the start of 2016, Rocket has sold Jabong and FabFurnish, two of its largest investments in the country, in a fire sale; its other holdings, Foodpanda and Printvenue are struggling to survive.
India’s largest online marketplaces Flipkart, Amazon India and Snapdeal have temporarily suspended their sales so as to comply with new e-commerce regulations that ban marketplaces from influencing product prices.
For India’s top start-ups, recruiting from California’s Silicon Valley is like a badge of honour. If an Indian unicorn—a start-up valued at $1 billion or more—can attract senior technology and product talent from companies such as Google Inc., it means the start-up has truly arrived in the big league.
The government seeks to curb pricing power of e-tailers, responding to calls by brick-and-mortar store chains that can’t match the deep discounts that have propelled the exponential growth of online retail
If the Flipkart-Alibaba deal goes through, it will make Alibaba one of the three most important investors in India, along with Tiger Global Management and Japan’s SoftBank Group. SoftBank, Alibaba’s largest investor, is also Snapdeal’s biggest backer.
India’s largest e-commerce platform Flipkart.com has named co-founder Binny Bansal as the new chief executive officer (CEO), replacing Sachin Bansal, who will take on the role of executive chairman with immediate effect, the company said in a blog on Monday. Sachin Bansal announced the senior management change in an email… Read more »
Customers will be able to use the apps of the 4 online taxi firms when in India, China, the US, Singapore and Southeast Asia
VC Tiger Global is reducing the number of start-up deals in India and is pushing for consolidation.
Zo Rooms, which is scrambling to raise a fresh round of funds in order to avoid being sold, three people familiar with the matter said.