The five-month-old Delhi-headquartered company, which operates in the higher education space, runs a career assessment and mentorship programme.
Combined gross merchandise value, a proxy for gross sales, for Flipkart and Amazon India from their festive sales events increased to $900 million in 2016.
Many employees are being asked to leave without notice on 1 month's salary and a month's severance package, as opposed to 3 mths severance pay promised.
Snapdeal founders said Snapdeal 2.0 is set to clock in gross profits of Rs 150 crore over the next 12 months.
This marks the Noida-based company's entry into content play, after it recently formed a joint venture with Alibaba-backed Hong Kong Stock Exchange listed AGTech to set up a gaming company in India.
Paytm Mall also restricts delivery to 17,000 pin codes to get the "house in order"
This is the third instance of old hands at Paytm being given a leg-up to head independent business verticals after Renu Satti was appointed CEO of the Payments Bank vertical and Amit Sinha was appointed COO of Paytm Mall, the ecommerce business of One97.
The revised costs divide the country into four regions, making it cheaper for sellers to ship to customers falling under the same region.
The online marketplace, which has launched close to 40 exclusive smartphone models since January, will continue its focus on growing this category over the coming months.
ET was the first to report that Singhal had stepped down as COO of Bluestone in March.
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