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To share user data or not? Tech companies not on same page
Cos aren’t on the same page over the issue of sharing non-personal, or anonymous, information with govt.
Whiteboard Capital mixes incubator, micro-VC approach
As the name suggests, Whiteboard Capital bet on founders even before their business pla...
Snapdeal clocks over 50% of its condom sale from Tier 3 cities
The company said in a press statement that its discreet shipping policy for se...
Govt asks Snapdeal, Paytm Mall to give business details
The government had last month asked top two e-commerce firms Flipkart and Amazon to share details of their top five sellers and total business quantum for each seller, variations of commission agreements they have with various sellers, and how investments from their parents are disbursed.
Soon, service provider to sell FASTags online
The service provider will also have to set up a system to resolve customer complaints or queries online. Only owners of cars, utility vehicles, vans and other light motor vehicles will be allowed to buy FASTags online. It has been specified in the bid document that the service provider shall not sell FASTags “in bulk to any single customer or a group of customers.”
Snapdeal in talks for $100m at valuation of $800m-1.2bn
The new round is expected to benchmark a new valuation for Snapdeal besides testing if its founders can win investor trust for the business after seeing a significant value erosion, said the first source mentioned earlier.
Growing up is hard! Lessons in IPO survival
Often growing losses in tech businesses are seen by private investors as smoke signals.
Ex-Housing CEO in fray for WeWork top job
When asked about the development, a SoftBank spokesperson said, “We don’t comment on speculation.”
Flipkart and Amazon clock Rs 31,000 crore in festive sales
The average order value for Flipkart stood at Rs 1,976 versus Rs 1,461 on Amazon, indicating that customers bought higher-value items from the Walmart-owned marketplace. Flipkart led with 64% share of the combined gross sales while Amazon continued to fare higher in net promoter score (NPS). NPS measures the loyalty of customers to a company.
Snapdeal records 52% rise in Diwali sales volumes
Nine out of every 10 orders received on the platform were from non-metro towns in the country, said Snapdeal, which now has more than 500,000 registered sellers.
E-tailers meet data panel, show varying flexibility on sharing data with government
Ecommerce companies Amazon, Walmart-owned Flipkart and Snapdeal presented views on possible data localisation, sharing aggregate customer data with the government and potential data portability on Tuesday.
Snapdeal to launch 3 e-stores for festival essentials
Snapdeal said the e-store will also have all products required for the Diwali pooja, including idols of Lakshmi and Ganesh.
A billion-dollar dream: Kiran Mazumdar-Shaw feels agriculture sector will be big in India, abroad
The Biocon CMD said that the agri sector comes with amazing technologies and big opportunities.
Take three: Flipkart’s $100+ million online grocery bet in India
In its third big shot at online food and grocery, Flipkart pieces together the legs of its strategy through two big investments in seven days — Shadowfax and Ninjacart.
Wish to become an entrepreneur in India? Snapdeal co-founder Kunal Bahl says the best time is now
Bahl gave credit to the Modi government for promoting startups and giving them plenty visibility.
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