Few months back, Nykaa’s CFO had resigned. Now 5 more senior executives of the Company have resigned. Chief Commercial Operations Officer, Manoj Gandhi Chief Business Officer of fashion division, Gopal Asthana Chief Executive Officer of wholesale business, Vikas Gupta Vice President of Nykaa fashion division’s Owned Brands business, Shuchi Pandya Vice President of Finance at … Read more
Walmart-owned e-commerce giant Flipkart is among SoftBank’s list of portfolio companies which are poised to go public. Other such portfolio companies of the Japanese investor which are expected to list publicly include the British chip designer arm, TikTok parent ByteDance, mobile payment system PayPay, Mexican online used-car dealership Kavak and Brazilian real estate startup QuintoAndar. … Read more
Zomato Gold is a periodic subscription based membership, whereby the subscribing customers get significant discounts and free deliveries from the member restaurants. Initially, it was mainly available on offline eating. However, later Zomato extended it to deliveries and that’s when member restaurants put up a significant protest because of which the scheme was altogether stopped … Read more
Released by the US Trade Representative (USTR) on January 31, 2023, the 2022 Notorious Markets List identifies 39 online and 33 physical markets globally that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. In India, IndiaMart is the only ‘online’ marketplace named in the list. Rest 4 are all offline … Read more
Trend of Co-founders and Key Employee resignations continue at Zomato. Mr. Gunjan Patidar, Co-founder and Chief Technology Officer (CTO) at the Company has now tendered his resignation. Gunjan was one of the initial employees of the Company. He had joined in 2008 and built the core tech system of Zomato. Despite being the CTO, he … Read more
In a surprise announcement, Nykaa announced the resignation of it’s CFO Mr Arvind Agarwal. Arvind had joined Nykaa in July 2020. Reason for his resignation – “to pursue other opportunities in the digital economy & start-up space” Who is replacing him – no one has been announced yet. It seems that his resignation has come … Read more
Mohit Gupta, the co-founder at Zomato for last 4 and half years has resigned. Reason for Mohit’s exit – no clarity Where is he going – no one knows Is Zomato concerned – atleast not publicly. They didn’t even designate him as a Key Managerial Person (check the company disclosure in the source link). This … Read more
It has launched Direct to Consumer (D2C) website mynestle.in to sell its own products. For now the platform is only servicing the Delhi-NCR customers. Gradually it will be ramped up into other cities. The platform is targeting to value add by providing curated product bundles, personalised gifting, subscriptions, discounts etc. Consumer engagement is targeted through … Read more
Value merchandise retailer, V-Mart has announced acquisition of once fancied ecommerce start-up Limeroad on a slump sale basis. Total consideration is Rs 67 crore Rs 31 crore cash payout Rs 36 crore liabilities takeover Limeroad will operate as a separate business unit under V-Mart and will continue to be run by the existing key team … Read more