Flipkart Hires Honchos From Amazon, Google, Microsoft

Leading e-retailer Flipkart on Tuesday announced it hired senior executives from its rival Amazon, search engine Google and global software major Microsoft by scouting for best talent on a global scale. “Dan Rawson from Amazon has joined as head of customer logistics and supply chain ecosystems, Ravi Byakod from Google as director of engineering and Anand Lakshminarayana from Microsoft as ... Read More »

Groupon Slashing 1,100 Jobs in New Retrenchment

Online deals giant Groupon said Tuesday it was cutting some 1,100 jobs over the coming months in another sign of cooling in the once-hot sector. Groupon also said it would be ending operations in several markets around the world including Morocco, Panama, the Philippines, Puerto Rico, Taiwan, Thailand and Uruguay, following recent exits from Greece and Turkey. The streamlining aims ... Read More »

‘Netflix-for-Ebooks’ Oyster Shuts Down; Part of Team Reportedly Hired by Google

Oyster, the startup seeking to be the “Netflix for ebooks” by offering unlimited reading for a monthly fee, says its story is coming to an end. The company announced in a blog late Monday it “will be taking steps to sunset the existing Oyster service over the next several months.” Oyster readers will be informed about the shutdown over the ... Read More »

4chan Sold to Founder of Hit Japanese Message Board 2channel

The popular anonymous online forum 4chan on Monday announced that it has been bought by the founder of hit Japanese-language message board 2channel. Christopher Poole, who was 15 years old when he created 4chan in his New York City bedroom in 2003, said that Hiroyuki Nishimura has taken his place as the owner. Financial details of the acquisition were not ... Read More »

Texas Man Pleads Guilty in NY Bitcoin Securities Fraud Case

A man involved in what federal authorities have described as the first Bitcoin securities fraud case pleaded guilty on Monday. Trendon Shavers, of McKinney, Texas, pleaded guilty in New York to a count of securities fraud on his 33rd birthday. He told US Magistrate Judge Sarah Netburn that he made false statements to investors. “I know what I did was ... Read More »

Snoop Dogg Launches Cannabis Lifestyle Website

Snoop Dogg is rolling his love for cannabis into a new lifestyle website intended to be an online “encyclopedia” for anything anyone would want to know about pot. went live on Monday, featuring a homepage inviting people to apply for early access to a beta version of the platform. The full launch is expected in October. The rapper described ... Read More »

eBay India to Expand Refurbished Products Portfolio

E-commerce company eBay will expand its refurbished devices portfolio to electrical goods this month and increase sales in the category, the company said on Monday. “We are scaling up the refurbished products category to include white goods. We have seen a 100 percent rise in demand for such goods since we introduced it in August,” head of retail exports and ... Read More »

IRCTC Booking Time Window Extended by 15 Minutes

Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the Indian Railways announced that it has extended the time for e-ticket booking on its portal by 15 minutes – till 11:45pm. IRCTC said that it had recently imported five new HP Itanium servers from Singapore to speed up e-ticketing operations on its digital platform. Earlier this year, IRCTC had ... Read More »

Amazon Kindle Unlimited Subscription Launched at Rs. 199 Per Month

On Wednesday, Amazon India launched the Kindle Unlimited subscription service that allows customers to “borrow” Kindle library books which they can read and return, up to 10 at a time. Confirming what NDTV Gadgets had reported last week, Kindle Unlimited is available in India for Rs. 199 per month, and you can sign up now to get access for the ... Read More »

India Funding Roundup: Capillary Technologies, Luxury Hues, StyleCracker, TOFlo, iamWire, HolaChef

Capillary Technologies Bengaluru-based software firm Capillary Technologies has raised $45 million (roughly Rs. 300 crores) led by New York-based private equity firm Warburg Pincus, ET reported. The report further states that the company has used a significant portion of the funding to acquire Hyderabad-based digital e-commerce solution provider MartJack and machine learning startup Ruaha Labs, other than a minority stake ... Read More »