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In an earlier tweet Arora who recently left Google to join SoftBank Corp and is now its President said, "Brilliant guy, clear thinker, gets things done and a wonderful person at that.
Private labels remain big business for e-commerce marketplaces. They comprise almost 15 per cent of the total business of such firms.
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
Ghosh, 43, will be reporting to 25-year-old Ritesh Agarwal, who founded OYO with a single hotel in 2013.
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Readying its game plan, the Bengaluru-based e-commerce giant plans to renew talks of investments in various companies such as Swiggy, BookMyShow, Pepperfry, UrbanClap
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Alibaba Group Holdings Ltd may scrap plans to invest in online marketplace Snapdeal, technology website Recode has reported.
Paytm, which recently hived off its e-commerce and payments bank businesses into separate companies, would use these fresh funds to bolster the two businesses
Former England captain David Beckham was officially awarded a Major League Soccer (MLS) franchise in Miami on Monday with hopes that the team will begin playing in 2020.
InMobi helps companies target the users of phones.
Naveen Tewari loves cycling but over the past few years, he has been keeping his first love waiting.
The cost of luring buyers and sellers to its platform means the new funds won't last long.
Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
Internet entrepreneurs are the next big thing in India.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
The Chinese e-commerce giant has outlined its vision, but hasn't really explained the logic behind a recent spree of investments.
Bob van Dijk, chief executive officer of Naspers, is now betting on companies in food tech, payments, travel and other consumer sectors to tap the potential of the Indian market.
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
Chinese mobile brands are deeply entrenched in the Indian market. A move to bar them may send a bold diplomatic message. But its cost for the local industry is anybody's guess. In the event that Chinese brands face curbs, two handset makers - Samsung and Apple - squarely stand to gain.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
The company received a fresh equity infusion in 2012-13.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
RupeePower aims to become the No 1 originator of financial products.
These workers have been asked to undergo a 30-day performance improvement plan.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
Foreign money has been pouring into India's fast-growing e-commerce sector, with investors ranging from Japan's Softbank Corp to Singapore's Temasek Holdings.
Meru Cabs' founder says they were a traditional company.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
Snapdeal delivers to the Dharavi centre, where buyers pick up their orders.
NRIs are increasingly buying properties in India online.
Key events that rocked India Inc in 2014 and one of them is Vishal Sikka taking over reins at Infosys.
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