Razorpay works with multiple small merchants and business such as Nestaway, Papa John's, Knowlarity among others and is backed by Tiger Global and Mastercard.
The 160,000 square feet hospital will be operation in September and will achieve break-even over three years.
The company has also moved to a mixed model where it will serve certain categories using employees on its payroll and the rest on a marketplace model.
The company, which analyses mobile app security on the cloud, has among its clients major ecommerce and payments companies such as Paytm, BigBasket, Myntra and Goibibo
GoJavas, which began life as an arm of fashion retailer Jabong and was spun off as an independent company in 2013, is co-owned by Snapdeal.
Snapdeal, which owns 42% of Go-Javas and accounts for a substantial bulk of its orders, has been holding talks to acquire the remaining stake in the logistics firm.
Myntra’s acquisition of Jabong is estimated to have placed the combined entity right at the top of pile, with an estimated market share of 60-70%.
The urban fulfilment centre will add to the six FCs to be set up by Amazon India ahead of the festive season starting next month.
In the run-up to the jury meeting to choose the winners of ET Startup Awards 2016, we will run a series of special articles on the theme of entrepreneurship. Here is the fourth article of a five-part series of tips and tricks to survive and thrive in an environment where money is not plentiful but ideas are
By launching digital stores, brands are directly competing with other as well as with online marketplaces such as Flipkart and Amazon that also sell their products.
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