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Hyper-local delivery startup Genie to halt operations; to deliver last order on March 31

Chennai based hyper-local delivery startup, Genie is halting its operations and will be delivering the last order on March 31. Genie decided to shut shop as it failed to raise the funds to sustain operations and for growth. The company made...

5 startups that shut shop in 2016

It has been a tough year for e-commerce companies, which have been hard hit by market realities this year, their fund-raising game drastically lowered. Where 2015 led to a jump in registering startup-preneurs, 2016 proved to be a U-turn of sorts as...

Corporate Affairs Ministry assures Nirmala Sitharaman of solving AskMe's pending payment issue

Corporate Affairs Ministry has assured Commerce Minister Nirmala Sitharaman of taking up the pending payment issue of cash-strapped e-commerce firm AskMe on priority basis. According to a PTI report: Representatives of All India Online Vendors Association (AIOVA) met Sitharaman on...

AskMe VS Astro: Who's to blame?

Just last week news regarding the AskMe Group, which runs ventures such as online search, listings and deals portal AskMe.com, and e-commerce site AskMeBazaar, hit the retail world. The word was that the group plans to curtail operations due...

AskMe may get Govt help; Subramanian Swamy seeks MCA intervention

BJP leader Subramanian Swamy has sought the intervention of the Ministry of Corporate Affairs (MCA) to prevent the closure of e-commerce firm AskMe and save 4,000 jobs. According to a PTI report: In a letter to MCA Secretary Tapan Ray,...

AskMe to shut ops from August 31, says official e-mail

On August 31, consumer Internet firm AskMe will shut down its operations. The firm has already terminated the services of its delivery boys and has asked employees to work from home. AskMe had indicated in the meeting held on July...

AskMe shuts down, lays off employees without pay

Consumer internet search platform AskMe has shut down its operations laying off the remaining staffs owing to the severe cash crunch. They have not been able to pay salaries, or fund their day-to-day operations, leading to the shutdown. Although the...

Seven steps to retain consumers in the Omnichannel era

With Omnichannel strategy gaining ground in India, the retail sector is looking up to myriad innovations that will help them to tap tech-savvy customers. The sector is responding to shifts in the consumer-buying behaviour. However, consumer behaviour is changing faster than...

Online payment mechanism must gather momentum in sync with retail e-commerce evolution

~India Retail Forum 2015 emphasizes the significance of online transactions to boost e-commerce~ While the e-commerce is revolutionising the retail movement in the country, the payment mechanism is still in the stage of evolution. Speaking at the India Retail Forum 2015,...
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