It goes without saying that a CFO should have proven success and appropriate experience in a mid- to high-level financial role within a VC-backed company. But there are several other seemingly ‘soft’ skills and traits that shouldn’t be underestimated. The role has undergone a large-scale transformation over the last decade. Thanks to the infectious nature [...]
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Along with virtual reality, Facebook Live and other in-house projects, Facebook is now venturing into the hyperlocal services segment in India. The social networking giant has introduced the services rather discreetly into the market. One can now look for spas, pet services, and even event planners on the page. This step marks the move of [...]
Saving a great business idea is one thing, but starting a new venture is another. Setting up one’s own venture involves a lot of legalities and first-time entrepreneurs are rarely able to fully comprehend the implications of various legal terms and conditions. If you are embarking on an entrepreneurial journey or are on the verge [...]
The government on Tuesday has introduced 100% FDI in the marketplace model of e-commerce retailing with a view to attract more foreign investments. A marketplace entity will be permitted to enter into transactions with sellers registered on its platform on business-to-business basis, DIPP said. It said that an e-commerce firm, however, will not be permitted [...]
Entrepreneurs starting a new business are curious if they should register a Private Limited Company or Limited Liability Company . Both entities offer many similar features required to run a business and its hard to differentiate between two. The LLP can continue its existence irrespective of changes in partners. LLP is capable of entering into [...]
BigBasket.com, online grocery business run by Supermarket Grocery Supplies Pvt. Ltd, raised $150 million in a funding round led by Dubai-based Abraaj Group which saw the participation of new investors such as the International Finance Corporation and Sands Capital. Existing investors like Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital also participated in [...]
Girnar Software Pvt Ltd, which owns six portals including auto portals CarDekho.com and Gaadi.com, has secured an undisclosed amount of funding from Google Capital, with participation from existing investor Hillhouse Capital. The new funding will be used for technology development, research and development, and expansion of operations within and outside India. “Google Capital is one of [...]
Sellers on marketplaces such as Amazon, Flipkart and Snapdeal say they're being penalised because buyers are increasingly returning merchandise, adding to operational costs that they have to bear. About 1,000 sellers have formed the eSeller Suraksha Forum to convey their concerns and one vendor has even sent a letter to Amazon founder Jeff Bezos to [...]
Snapdeal-controlled FreeCharge has launched a social payment feature called ‘Chat N Pay’ which directly connects buyers and sellers and allow them to pay over the chat function. This is the first time a person-to-person and person-to-merchant interface for digital payments has been introduced in India. “Payments are often social; they are in fact a very [...]
Infibeam Incorporation Ltd, the parent of horizontal e-commerce platform Infibeam and e-commerce enabler BuildaBazaar, is to hit the market with its initial public offer (IPO) on March 21. This would make it the first among peers, including those several times bigger, to go public. Indeed, its proposed issue that has been in the planning stages for several years [...]