Online fashion company Koovs sacks about half its staff

New Delhi: Barely two months after Reserve Bank of India (RBI) rejected Kishore Biyani’s investment proposal to throw a Rs 64-crore lifeline to fashion e-commerce company Koovs, the latter sacked about half its staff, or 140 people, two people familiar with the development, said. One of them said except for the technology vertical, the company has virtually sacked whole […]


Digital Travel Firm Webjet Has Launched Its Booking Verification Blockchain

Digital travel agent Webjet has launched its long-in-development blockchain-based platform in a bid to remove disparities in hotel booking data. Working in conjunction with Microsoft through the firm’s Azure blockchain-as-a-service sandbox since 2016, Webjet said Thursday the new Rezchain application will address hotel reservation snafus and overcharges by looking for data mismatches in real-time between customers, hotels and […]


Paytm invests Rs 250 crore to boost its travel business

Digital payments firm Paytm on Thursday announced to invest Rs 250 crore in its travel business over the next six months to scale up product and technology team and set up new business verticals. According to the company, owned by One97 Communications, it has sold over 100 million tickets within just three years of operations. […]


WhatsApp is finally rolling out PIP mode 2.0 to its Android users

WhatsApp is constantly adding new features and functionalities to its platform. Earlier this year it was reported that WhatsApp was working on improving the functionality of its picture-in-picture (PIP) mode. The original PIP mode had one critical limitation. It would stop playing a video whenever a WhatsApp user switched to another application. This, even when […]


Poshmark Expands Its $625 Million Retail Empire From Fashion Resale Into Home Decor

Poshmark started eight years ago as a way for women to offload their extra clothes and make money, like a more social eBay where people could comment and share the clothes they liked. It has since become a retail empire that racked up an estimated $140 million in revenue in 2018, thanks to its 20% […]