snapdeal
Retail
Snapdeal to lay off 600 people across e-commerce, logistics, payments operations over next few days
SoftBank-backed Snapdeal will lay off around 600 people across its e-commerce, logistics and payments operations over the next few days.
According to sources close to PTI, the company started the process last week and will lay off 500-600 people across...
Retail
FreeCharge CEO Govind Rajan quits; Jason Kothari to take charge of biz ops
Freecharge CEO Govind Rajan has resigned within a year of taking charge at the Snapdeal subsidiary.
Going forward Jason Kothari will oversee the business operations of FreeCharge as part of his overall responsibilities of portfolio management as the Chief Strategy...
Retail
Snapdeal witnesses 50 pc growth in general merchandize category
Snapdeal, India’s largest online marketplace, has shared annual sales trends for its general merchandize category, for the period January 2016-2017. The company has reported a 50 per cent overall increase in the sale of GM products, with the maximum...
Retail
Snapdeal witnesses 3X growth in kids fashion category
Snapdeal's kids fashion category has witnessed an unprecedented 3X surge. This finding has come out from their annual digital buying trends for kids segment that the company announced today.
Realising growth potential in this segment, the company said, they are...
Retail
Snapdeal launches 120+ new fashion brands on its platform
India’s largest online marketplace, Snapdeal has announced a massive expansion of its fashion portfolio. With an additional 120+ fashion brands added to the platform, the expansion is in sync with the brand’s focus on building its fashion vertical.
Owing to...
Retail
Will the e-commerce wagon gather speed putting the sluggish growth year behind?
Going by short medium term trends, the Indian e-commerce wagon gathering speed seems to be the case and that too on an optimistic note. However, this may not remain the case in the long run if certain changes in...
Retail
Snapdeal dispels job cut rumours, says overhaul an exercise in efficiency
Struggling e-commerce firm Snapdeal, which has over the past year more than halved its employee strength, is reportedly shutting its non-core businesses. However, the company has firmly denied all reports that it is laying off over 1,000 employees.
When contacted,...
Retail
GST's tax collection at source will hurt sellers: E-commerce players
IANS -
Admitting that the proposed Goods and Services Tax (GST) is a key reform which will simplify the tax compliance, the e-commerce players on Thursday, however, said the proposed tax collection at source will hurt lakhs of small sellers by...
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In cost-cutting move, Snapdeal to shut down marketplace Shopo
Snapdeal-owned marketplace Shopo will close down from February 10, after a year and a half of operations.
The move comes at a time when Snapdeal is aggressively looking at optimising costs amid intense battle with Flipkart and Amazon.
"We started, a...
Retail
Yet again, China's Alibaba pumps Paytm with fresh funding of $200 mn
Mobile wallet service provider, Paytm is all set to get a huge investment push from Chinese internet giant Alibaba.
To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation...
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RedTape Unveils New Store at Reach3Roads, Gurugram
Situated in Reach3Roads, RedTape's new store is strategically positioned, enhancing its appeal to both brands and consumers alike.New Delhi:...
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