Future Group, the Kishore Biyani-led company, has decided to scale down its e-commerce venture Retail 3.0. In a bid to restructure its e-commerce business, the company has laid off about 400 people. According to a report by LiveMint, the layoffs are from roles in sales, product development, marketing, and ground operations. The company had recently…
Audio equipment seller Bose Corporation has recently announced its plan to shut all its 119 retail stores worldwide across Australia, North America, Europe, and Japan. The move is a significant shift towards selling all its products online. The company said that it will be closing 119 of its remaining stores over the next few months.…
Y Combinator, the Silicon Valley start-up accelerator has picked 28 Indian start-ups for its 2019 winter batch, which is more than double of their earlier batch from India. Last year the strength was at 12 for its summer batch, said sources familiar with the development.* This is a significant increase from the past few years…
Reliance Industries will kick off its online retail foray starting with grocery. Mukesh Ambani’s plan to move a part of Reliance Industries’ retail division into the e-commerce space has been known for a long time. The company plans to offer express deliveries of fresh fruit and vegetables to homes in Mumbai, making it the first…