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Jason Kothari Quits Infibeam Within Five Months of Appointment

3Nov By Gauri SinghNo Comments

News

Jason Kothari Quits Infibeam Within Five Months of Appointment

Jason Kothari, who was appointed as the president of listed e-commerce company Infibeam Avenues approximately five months back, has reportedly resigned from his position due to personal reasons. The company stated that Kothari was responsible for heading its strategy, corporate development, international operations, and investor relations functions. He is stepping down as he was “required to spend more time abroad due to personal reasons.” Along with this, Infibeam also mentioned that Kothari would continue to be associated as a senior advisor. Prior to joining Infibeam, Kothari used to hold the position of chief investment and strategy officer at online marketplace Snapdeal. He played an integral role in not only turning around the troubled venture. Even before that, Kothari was ...

Snapdeal CEO Jason Kothari Quits, Joins Infibeam as President

17Jun By NitishNo Comments

News

Snapdeal CEO Jason Kothari Quits, Joins Infibeam as President

Jason Kothari the former chief executive of Snapdeal is joining Ahmedabad-based online e-commerce platform Infibeam as President. In the sudden move, Kothari will now hold company's lead strategy, corporate development, international operations, and investor relations process. According to the press release, the company said, Kothari will help drive infibeam next phase of growth with the leadership team, it added. Jason Kothari said, "I'm very excited and happy to work with Mehta and the team at Infibeam to help accelerate the company's expansion. Earlier, Kothari served as the Chief Strategy and Investment Officer at Snapdeal. Now Snapdeal CFO Vikas Bhasin has taken over the responsibilities of Snapdeal. "Jason joins us with a history of high-impact business and strategic lead...

‘This Is The Best Time For Our Business’ Says Kunal Bahl

28Jul By RishabhNo Comments

Entrepreneurs Talk

‘This Is The Best Time For Our Business’ Says Kunal Bahl

Kunal Bahl comments on the sale of Freecharge to Axis Bank, says it will provide Snapdeal the "necessary boost in resources" to continue its e-commerce journey. Just hours after the deal was announced, Bahl wrote to employees seeking to assuage concerns saying Axis Bank intends to not just retain all Freecharge employees but also "invest significantly" in the team and brand. His comments also assume significance amid reports that the Snapdeal board is leaning towards selling the e-commerce company to Flipkart. Snapdeal earlier announced the sale of Freecharge to Axis Bank for $60 million, which was much lower than the price of $400 million for which it bought Freecharge back in 2015. Bahl referred to the transaction with Axis Bank was "a great outcome". "They intend to retain...

Housing.com Target $10 mn Revenue in 2016

30May By PriyankaNo Comments

News

Housing.com Target $10 mn Revenue in 2016

Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. "Housing.com is receiving an overwhelming response to the products it launched in January with revenue growing 200 percent month-on-month and the company on track to achieve $10 million in revenue this fiscal year," it said in a statement. After the company decided to focus its business on home buying and selling, Housing.com said it has started a series of digital advertising products for developers and brokers to provide maximum customer exposure and return on investment for their home sal...

Housing.com to restructure business, will focus on buying and selling of apartments

19Nov By Press Trust of IndiaNo Comments

News

Housing.com to restructure business, will focus on buying and selling of apartments

One of the biggest Online Realty portal in India, Housing.com will restructure its business to focus only on buying and selling of apartments, and also reduce its employee strength. SoftBank backed-Housing.com, which was founded in 2012, provides independently verified listings of homes. It has presence in 50 cities with about 2,500 staff members. "The company is restructuring to focus on the home-buying real estate segment and drive further efficiencies across the company", Housing.com said in a statement. "Furthermore, Housing.com will be reorganizing its teams to more efficiently execute this new focused strategy and, as a result, will be reducing its employee base", it added. The company however did not specify the number of employees it would reduce. "Housing....