Fashion&You, the ecommerce company which acquired UrbanTouch some six months ago, has shut down the UrbanTouch portal and is directing traffic to its site. According to a notice on UrbanTouch.com, the company has now integrated its operations with Fashionandyou.com, the…
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Since they’re always online and always connected, they end up spending hours sifting through thousands of profiles online – and they end up having a deeper relationship with their computers (or iPhones) than with each other!
Two sources familiar with the matter told NBW that SAIF partners, a common investor in both companies, has been considering merging the two of the portfolio companies.
There is a slow but noticeable change in the way ecommerce players are operating. The business model of the Indian ecommerce is taking a full circle flip to go back to where it started, though this time the infrastructure has changed and along with that the size and understanding of the market as well.
This week’s SunnyMag is almost dedicated to Aaron Swartz, the computer activist who committed suicide last week. Swartz was 26 when he died. He was found dead in his apartment on Friday.
There are reports of internal conflict between founder Harish Bahl & his core team and Abhishek Goyal. This has led investors in Fashionandyou to bring in Ambareesh Murthy from Pepperfry, ex eBay India head to lead Fashionandyou.
Under the new leadership of Marissa Mayer, Yahoo is restructuring its products and scrapping features to overcome its financial woes and keep tab on losing market share. By discontinuing such products Yahoo spends more energy on creating experiences on the fresh products and feature ,said the blog post.
The leadership team of the site has “revolted” against Abhishek Goyal, the new chief executive officer of the company, alleged a new post on Quora.
The authenticity of the post could not be independently verified. However, we have been in touch with Smile Group founder Harish Bahl to know more.
In its second Indian buy this year, European firm Gruner + Jahr snaps up mobile ad-network SeventyNine
Seventynine is G+J’s second digital acquisition in India after Networkplay, which was acquired by G+J earlier this year. In June, Manish Vij, who sold his earlier e-commerce venture Letsbuy to Flipkart was looking to raise $10 million to fund SeventyNine and Tyroo (another group company).