The key post had fallen vacant on April 30, when its Managing Director and CEO Manoj Vaish resigned citing "health reasons", after which two committees were formed to look after the daily operations of the exchange.<br />
Microsoft Ventures today announced the graduation of 17 technology startups, 16 of which constituted the fourth batch of its accelerator program and another from an earlier batch. <br />
The CIIE- Village Capital Accelerator is a partnership between two organizations with a track record of identifying, supporting, and funding early-stage companies. The program places heavy emphasis on peer mentoring and selection of best ventures within the cohort.<br />
In preparation for phase three of the 10,000 Startup Program beginning June 2014, National Association for Software and Services Companies (NASSCOM) has tied up with two more outreach partners to channel into their database of startups and has launched the Great Indian Startup Carvnival this month.<br />
One of the biggest online marketplaces Snapdeal has reportedly raised $100 million (Rs 590 crore) from a group of five investors.
A Flipkart-Myntra merger will result in a far more bulked up rival against the likes of eBay and Amazon, and could also blow domestic rivals like Snapdeal out of the water.<br />
"The relationship between investors and entrepreneurs is like a couple's, nobody can say who is taking advantage of the other," Ma said in an emoticon-filled post, written on Alibaba's mobile social networking app Laiwang.
OB is the foundation on which management education is built. Management is called the bastard science because it does not have a single original concept and everything is borrowed from other sciences, predominantly social sciences.
When every other e-commerce company was stressing on partnerships with small traders and SMEs, eBay went and partnered the most difficult people in the business - the small traders who have been vociferously opposed to FDI under the Conferedation of All India Traders (CAIT). With this one step, perhaps eBay has already created a huge gap for competitors and their relations with small Indian businesses. <br />
If we think of the biggest and best companies that have created a legacy and impacted our society and economy in a meaningful way, we will see a clearly articulated purpose for each. When you build a car, are you trying to make some money or are you trying to make personal transport convenient and affordable?
Similar to the Amazon Prime service available to US e-shoppers, Flipkart First is a annual subscription-based service that affords members a host of perks.
Snapdeal has seen an exponential 25x growth in mobile based transactions compared to a year ago, when mobile devices accounted for just 5 percent of its total orders.
According to the paper, e-commerce sites are being pulled up for receiving foreign funding in sectors that allow FDI and then transferring the money to separate entities where such backing is either not allowed or allowed under certain conditions.<br />
Snapdeal is working on a quick delivery service, similar to the 30-minutes-or-free model of Dominoes Pizza, where customers will be given store credit if the order isn't received within a certain time-frame.<br />
Cisco Investments has made three minority investments in IoT accelerators and startups Alchemist Accelerator, Ayla Networks, and EVRYTHNG.
Chandigarh-based The Morpheus was one of India's earliest, if not the first, private startup accelerators, opening its doors to the nation's budding entrepreneurs six years ago. After successfully helping the likes of Yourbus, Online Prasad and xxxx become viable enough to attract multi-crore investments and even bigger acquisitions, The Morpheus last month announced that it would bring down the shutters on its wildly successful accelerator program. But worry not, the team is coming back bigger and better, as Nandini Hirianniah, co-founder, The Morpheus, told Firstbiz.<br />
The fashion retailer, which sells products from over 650 brands like Nike, HRX by Hrithik Roshan, Biba and Steve Madden, clocked revenues of about Rs 1,000 crore last fiscal.<br />
Research firm Forrester expects India's online retail spending to grow at a compounded annual growth rate (CAGR) of more than 50 percent over the next five years and reach $16 billion by 2018, an eight-fold increase from 2013.<br />
India does not allow foreign direct investment in B2C retail transactions, but does permit foreign equity in B2B transactions. The probe is for the period before April 2013, before Flipkart switched to its current marketplace model, where it serves as a platform for online transactions without having any control on the inventory.<br />
The brainchild of 27-year-old NIT-Trichy grads, Vivek Ravishankar and Harishankaran K, Hackerrank (earlier known as Interviewstreet) gives companies a comprehensive platform that allows them to set coding challenges, test candidates, analyse results and conduct telephone interviews before deciding whom to meet in person.<br />
Trying to mimic Wal-Mart's direct distribution model that puts small time merchants on the same footing as FMCG giants like Proctor & Gamble, Snapdeal's Launchpad will also give entrepreneurs access the website's payment gateway, distribution and logistical services
Though Flipkart is not the first one to dangle the same-day delivery carrot to customers, it has offered this service across all product categories and in the largest geographical area. Amazon is still running a pilot for same day delivery but only in Mumbai.
Starting today customers in 10 cities - Bangalore, Delhi, Mumbai, Kolkata, Noida, Gurgaon, Faridabad, Manesar, Navi Mumbai, Thane - can avail of the service across all categories, according to a Flipkart press release.
By September, the portal expects to notch up annual sales of Rs 200 crore and it hopes to close 2014 with revenue of Rs 180-220 crore, about 3.5 times higher than last year, he said on the sidelines of the Indian eRetail Congress 2014 here.<br />
According to a company statement, Amazon India offers over 12,000 styles in a variety of garments, like sarees and kurtas from more than 90 brands like BIBA and W for Women. The company's creative head, designer Narendra Kumar, has curated the collections available on the site. <br />
Online ad exchange portal, releaseMyAd, has come a long way since its inception in 2009. After establishing a solid presence in the newspaper classifieds sector, the company is turning its attention to a new medium - radio - with releaseMyAd.fm. The company's founder and business head, Sharad Lunia, spoke to Firstbiz about the newest offerings from the firm.<br />
That Amazon India wants to increase its footprint is also evident from its recent foray into advertising - with TVCs during the current IPL tournament to billboards boasting of its same day delivery services.<br />