Mukesh Ambani’s online grocery venture JioMart has expanded operations to multiple cities after running pilot programme in Maharashtra’s Navi Mumbai, Thane, and Kalyan. While the number of cities JioMart is now serving is not confirmed but based on the pin codes punched-in showed that the service is available in multiple Tier-I and II cities such as Chandigarh, Dehradun, Dhanbad, Gwalior, Kota, Ludhiana, Surat etc. Customers in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata and other...

E-commerce marketplace for value-conscious buyers Snapdeal has furloughed around 7 per cent – 50-55 employees – of its 750 full-time workforce for three months even as the company sees recovery in demand for goods during the fourth phase of the Covid-19 lockdown in India. Snapdeal also has around 800 contractual workforce. “Furlough could be extended depending on the situation. The affected employees are across teams including product, technology, sales etc.,” a source aware of the...

Credit and Finance for MSMEs: To ensure small businesses are able to secure collateral-free loans from banks under the new Rs 3-lakh-crore government scheme, MSME Minister Nitin Gadkari has sought feedback from units in the form of grievances to follow up with banks. The minister in a video conference with the members of the Calcutta Chamber of Commerce on the impact of Covid-19 on MSMEs asked them to send him the grievances if there are any problems in raising loan from banks for the...

India’s e-commerce sector seems to be on a recovery spree just around three weeks after the government started easing lockdown restrictions for online delivery of goods. Nearly 70 per cent of the pre-Covid order volume, according to e-commerce-focused cloud solution provider Unicommerce, has been re-gained by the e-commerce sector that is led by Amazon, Flipkart, Snapdeal, BigBasket, Grofers and others. Unicommerce, which provides cloud-based solutions to manage inventory and orders, said it...

PayU India cofounder Nitin Gupta, who joined Ola Financial Services (OFS) in December 2017, has stepped down as its CEO, according to an email sent by Ola co-founder and CEO Bhavish Aggarwal to employees on Tuesday. “Nitin is a solid entrepreneur and in his two-plus years with us, has built a great foundation for our OFS business,” Aggarwal wrote in the email. OFS, which operates OlaMoney, will now be led by Ola’s Group CFO and interim UK operations head Harish Abhichandani as its interim CEO...