According to sources, employees from marketing, ad-tech, category, digital marketing, engineering team, catalogues, have all been asked to leave.
Over 25 years, societies evolve and tastes change. Cinema absorbs and reflects this transformation. Picking only 25 films from the first quarter of the century is tough.
Kunal Shah has funded over 266 startups including Razorpay, Snapdeal, Zetwork, BlueSmart, Unacademy, Bliss Club, and Spinny, amongst others.
While Tata Sons' Chairman Emeritus Ratan Tata has made an investment in e-commerce company Snapdeal, he is not involved in its functioning.
'There is need for India-specific pricing.' 'Google, Microsoft and others also have different pricing.' 'It is important for OpenAI to think on these lines as the global pricing may not work in the Indian context.'
Two years after his dismissive stance on India's AI potential raised eyebrows here, OpenAI CEO Sam Altman on Wednesday gave a ringing endorsement to Artificial Intelligence momentum in the country -- and billed India as an important market not just for the new-age technology itself but for the ChatGPT creator as well. In New Delhi on Wednesday, Altman -- while sharing dais with Union IT minister Ashwini Vaishnaw -- said India is the second biggest market for the company and that Open AI had tripled its users here in the last year.
SoftBank-based e-commerce marketplace Snapdeal has deferred its Rs 1,250 crore IPO, joining the list of startups that have decided to shelve their initial public offering (IPO) plans this year. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell-off in tech stocks worldwide. "Considering the prevailing market conditions, the company has decided to withdraw the DRHP. The company may reconsider an IPO in the future, depending on its need for growth capital and market conditions," a Snapdeal spokesperson said.
Raymond India recently unveiled its brand new line jacketing fabric collection. We bring you snapshots from the fashion show held in Chandigarh.
Snapdeal chief executive officer Kunal Bahl said Piramal's investment was a significant endorsement for the firm and the transformation the company has undergone over the last couple of years.
India is the next major breeding ground for start-ups.
Ladies First, at this screening.
Every shopper dreams of getting the best discount. Now, imagine if you can avail of this discount at the click of your mouse.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
Founders should have faith in themselves, their vision and their team, feels Infosys founder Narayana Murthy.
Snapdeal's Kunal Bahl tells team to follow DMart example. Sources close to the company says Snapdeal plans to launch an IPO by 2019.
Snapdeal's rival Flipkart had last announced its GMV in March this year -- $1 billion. Many rounds of funding later, sources estimate Flipkart's GMV at about $3 billion, a figure Snapdeal is trying to catch up with.
Even as their venture Snapdeal is clocking rapid growth, Kunal Bahl and Rohit Bansal are mentoring young entrepreneurs.
Snapdeal is conducting due diligence on ShopClues, a move that may lead to a potential acquisition of the latter, which may bring in a fresh infusion of funds for the new entity.
Internet entrepreneurs are the next big thing in India.
Beauty and Personal Care (BPC) e-retailer Honasa Consumer's initial public offering (IPO) has failed to find backing from analysts due to the company's weak financial track record and expensive valuation. T Manish, research analyst at Samco Securities suggests avoiding the IPO as the company's financial performance does not inspire confidence. "The profit has been inconsistent and advertising and marketing expenses are incredibly high at around 40 per cent of the revenues.
The co-founder of Snapdeal was talking a day after he signed an agreement with Tata-run Croma
Second Tata firm to join hands with e-commerce portal.
Modi will get the maximum chunk of the session time.
Snapdeal said on Wednesday it bought online mobile recharge firm Freecharge for an undisclosed amount.
The Kunal Bahl-led firm wants to add 1,000 sellers every three months in its loan scheme.
Snapdeal CEO Kunal Bahl said those who do not perform will have to leave.
Prime Minister Narendra Modi had announced the policy last month.
N R Narayana Murthy, co-founder of Infosys, blamed the venture capitalist community for inculcating a culture among entrepreneurs to chase growth at all costs. He said the VC model of investment looked like a ponzi scheme. "I would hold venture capitalists responsible who propounded the theory that only the top-line is important and not the bottom-line. "I think that is completely wrong. In many ways it looks like a ponzi scheme.
Snapdeal, which has raised about $400 million since its inception, has invested about $100 million in logistics and operations to expand its presence in the $3 billion Indian eCommerce market.
Snapdeal had appointed merchant bankers for listing on an American stock exchange
E-commerce platform Snapdeal has filed preliminary documents with markets regulator Sebi to raise funds through an initial public offer (IPO), joining the league of internet-led businesses looking to list on domestic stock exchanges. The public issue comprises fresh issuance of equity shares worth Rs 1,250 crore and an offer for sale (OFS) of 3.07 crore equity shares, according to the draft red herring prospectus (DRHP). According to market sources, potential listing could value Snapdeal at about $1.5-1.7 billion.
For the traditionalists, wars on Twitter and Facebook smack of immaturity.
The Bombay High Court had revoked the ban on Maggi on October 19 paving the way for it to be back on shelves.
Celebrating Kisan Diwas, e-retailing firm Snapdeal on Tuesday announced the launch of "The Agri store", offering products like seeds, fertiliser and irrigation tools.
JM Financial, Axis Bank, and Bank of America have been roped in as the bankers to run the mandate, say sources.
The FDA Maharashtra on Friday lodged an FIR against Snapdeal.
In April, Snapdeal had said it was delisting the drugs from its portal and was assisting the regulator in the investigation.
Infibeam appointed Kothari as president, strategy, corporate development, international operations, and investor relations.
Alibaba, the world's biggest e-commerce firm by transaction value, supports small businesses on its platforms.
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New York Stock Exchange President 38-year-old Tom Farley (ranked 7) and Twitter co-founder and CEO 37-year-old Jack Dorsey.
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