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ECOMMERCE EXECUTIVE EXITS
Udaan in talks to raise $50-60 million from existing backers Lightspeed, M&G: sourcesThe Bengaluru-based company had closed a $114 million funding round last June led by the two investors. The new round is being negotiated a...
ET Prime Special Series: Multibagger or Bankrupt - Part 58: The ICE veteran that quietly became an EV lightweighting storyMost auto ancillary investors think linear. Company makes Component X. EV disrupts Component X. Stock goes down. Every story does not fit t...
Pine Labs acquires ecommerce enabler Shopflo for Rs 88 croreDigital payments major Pine Labs has acquired ecommerce enabler Shopflo Technologies for Rs 88 crore, aiming to strengthen its online merch...
Revamped Tata Neu to bet on loyalty, financial services: Tata Digital CEO Sajith SivanandanTata Digital is pivoting Tata Neu from a broad commerce aggregator to a loyalty-led financial services platform, focusing on payments, inve...
Global streaming platforms trade control for scale in India’s OTT marketStreaming powerhouses are choosing to partner with Indian digital platforms, looking to delve into the rapidly expanding OTT market without...
TCS Nashik case escalates; Zepto’s road to IPOHappy Tuesday! TCS COO Aarthi Subramanian will head the investigation into a sexual harassment case at its Nashik unit. This and more in to...
Sharon Pais takes over from outgoing Myntra CEO Nandita Sinha, says M-Now will be big growth driverMyntra, owned by Flipkart, is expanding its rapid delivery service M-Now as a key growth area, new head Sharon Pais told ET. Despite leader...
Unilever bets on 'super growth assets' to strengthen India playUnilever is prioritizing smaller, high-growth acquisitions in India and the US, focusing on premium and digitally native brands. This strat...
Flipkart’s Ankit Jain likely to join Swiggy Instamart as SVPJain will now be working closely with Swiggy Instamart CEO Amitesh Jha, who also joined from the Walmart-owned company in August last year.
Former SoftBank managing partner Lydia Jett joins Flipkart boardLydia Jett previously joined Flipkart’s board as a representative of SoftBank in 2017. She had exited Flipkart’s board after stepping down ...
Flipkart CEO Kalyan Krishnamurthy confirms SVP exits in communication to staffFlipkart CEO Kalyan Krishnamurthy told his staff in an internal communication that Cleartrip’s head Ayyappan R, marketplace and categories ...
Tata Cliq struggles as losses rise after exit from key categoriesIn the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platform’s exit fr...
Tata's first ecommerce platform struggles to click as losses rise after exit from key categoriesThe Tata Group is continuing to burn money on its first ecommerce platform, Tata Cliq. Tata UniStore, which owns and runs Tata Cliq, posted...
With Walmart in driver’s seat, Flipkart set to speed up hiringWalmart has confirmed that Flipkart is about to embark on an expansive recruitment drive.
With Binny Bansal gone, senior Flipkart executives start looking outBengaluru-based The Head Hunters India confirmed at least half a dozen early conversations with Flipkart executives in the past two days.
Big retailers starts poaching top talent as sector returns to growth pathRetailers like Spencer’s, Lifestyle, Fashion Retail have seen some senior level exits in recent times as the sector has started hiring acti...
Snapdeal hit by another top executive exit; now HR Head Saurabh Nigam quitsSnapdeal, over the past many quarters, has seen exit of senior executives like Tony Navin, Sandeep Komaravelly, Anand Chandrasekaran, Abhis...