Amazon's delivery network, which started as a pilot programme called 'I Have Space' in May 2015 with 2,500 stores, has now been ramped up to reach deeper into tier-II and -III cities.
The platform also has an in-built marketplace for registered brands to reach out to shoppers.
Rajesh Jain-led netCORE Solutions, which owns local language news portal Oneindia and is an angel investor in Inuxu, will remain invested in the company.
We will be utilising the LogiNext platform for better trackability across service providers as well as optimum utilisa-tion of our delivery force," said Ashutosh Lawania, cofounder, Myntra.
As per analysts, it had more to do with the so-called founders not having enough skin in the game to want to stick by and lead their cos through thick and thin.
While the company is alleging that the Astro Entertainment Networks (AENL), which owns 98.5% of the company, has not cleared its dues and has also not let the management buyout happen, vendors are alleging that the Indian arm has not been paying them for many months now.
Company's pilot, which runs across 40 offices, has employees ordering lunch from a curated selection of dishes from five to six restaurants in select areas
In its recent round of funding in May, MobiKwik had raised $ 50 million led by Japan’s payment gateway GMO and Taiwan based semi-conductor company, MediaTek.
Analysts do not expect any bump-up during flagship sales events to be significant enough to lift shipments to earlier envy-setting growth levels.
ET had reported earlier that Paytm will spin off its marketplace to allow China’s Alibaba Group, an investor in One97, a direct presence in India.
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