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Layoffs, the dark side of startups in India?

Edit The Times of India 07 Oct 2016
The trail of tweets captured their pain ... " Startups are making jobs vulnerable ... A similar question would be haunting Ankit Kesharvani, till recently a content writer at AskMe ... The managing director of Getit Infoservices, the company that runs AskMe, had moved the tribunal against Geit and Astro for alleged mismanagement. Astro's contention reportedly is that despite investing $300 million in AskMe, it hasn't seen any profits ... RELATED....

Marketing no longer belongs to a department, everyone is a marketer.

Edit Your Story 24 Sep 2016
Marketing is too important to be left to the marketing department. David Packard, Co-founder, Hewlett-Packard. Marketing is a function that historically has relied on the understanding of human behaviour and has been based on a lot of intangible factors that influence consumer brand preferences like brand messaging, brand logos and so on ... So what’s changed?. Fundamentally, not much ... fast forward ... brand messaging ... Apple Amazon Housing AskMe....

Top exits over the years and what they mean for the Indian startup ecosystem

Edit Your Story 20 Sep 2016
In a time when there are talks of a dearth in funding, bloodbath, and even a bubble burst, the success of the startup ecosystem is defined by the number of successful exits investors have. It acts as one of the best validation of the funding decisions made by them ... Image Credit. Aditya Ranade Makemytrip ... Here’s their funding timeline ... JustDial ... Mani first started his entrepreneurial journey as ‘Askme’ in 1989 ... redBus ... Myntra ... Image Credit ... ....

Layoffs in startups: What's the other side of India's entrepreneurship story?

Edit The Times of India 11 Sep 2016
The trail of tweets captured their pain ... "Startups are making jobs vulnerable ... A similar question would be haunting Ankit Kesharvani, till recently a content writer at AskMe ... The managing director of Getit Infoservices, the company that runs AskMe, had moved the tribunal against Getit and Astro for alleged mismanagement. Astro's contention reportedly is that despite investing $300 million in AskMe, it hasn't seen any profits ... AskMe. ....

Online vendors meet Sitharaman on AskMe payment issue

Edit Deccan Chronicle 06 Sep 2016
... e-commerce firm AskMe on priority basis ... Hit by a cash crunch, e-commerce company AskMe has decided to shut shop, leaving 4,000 staffers jobless....

Why startups should thank the IITs for blacklisting them

Edit Your Story 06 Sep 2016
So after a tussle with the startups that rolled back their job offers, the IITs recently blacklisted 31 startups from hiring on their campus. Many well known startups like Zomato, Grofers, Portea, Nowfloats, HopScotch and Zimply got thrown out immediately, while others, Flipkart being one, were let go with a reprimand. The message was loud and clear. ... Askme) or otherwise downsizing their employee strength (e.g ... (Disclaimer....

Hiring at startups: What went wrong with the global model of incubation

Edit The Times of India 03 Sep 2016
Flipkart, launched in 2007, had raised $30 million ... Fast forward to 2016 ... Astro intends to appoint a forensic auditor to review the books of Getit, the owner of online retailer Askme Bazaar in which Astro is the majority investor with a 98.5 per cent stake, because of performance issues ... Meanwhile, vendors of Askme Bazaar approached the Economic Offences Wing last week to register a case against the company alleging non-payment of dues....

Where it all begins: raising the curtain on 2016 Orientation (UOIT - University of Ontario Institute of Technology)

Edit Public Technologies 02 Sep 2016
(Source. UOIT - University of Ontario Institute of Technology). September 2, 2016. The excitement and anticipation of a new academic year has arrived at the University of Ontario Institute of Technology (UOIT) as nearly 2,300 first-year students prepare to complete their transition to university ... Quote ... For more information about Orientation, email askme@uoit.caor call the Office of Student Life at 905.721.8668 ext. 3833. Media contact....

Hiring so-called founders at startups: What went wrong with the global model of incubation

Edit The Times of India 01 Sep 2016
Flipkart, launched in 2007, had raised $30 million ... Fast forward to 2016 ... Astro intends to appoint a forensic auditor to review the books of Getit, the owner of online retailer Askme Bazaar in which Astro is the majority investor with a 98.5 per cent stake, because of performance issues ... Meanwhile, vendors of Askme Bazaar approached the Economic Offences Wing last week to register a case against the company alleging non-payment of dues....

Askmebazaar vendors move EOW over dues

Edit The Times of India 30 Aug 2016
Askme plans to hire 500 people globally. Online firm Askme is looking to make an initial investment of $100 million to fund its domestic and overseas expansion plans and increase its headcount to around 2,500 people over the next 12 months ... "A week later, we were told in a mail by the CFO, Anand Sonbhadra, that the portal, Askme, will be shut down temporarily and no transactions will be accepted....

Swamy writes to Corporate Affairs Ministry to save AskMe

Edit Deccan Chronicle 28 Aug 2016
BJP leader Subramanian Swamy has sought the intervention of the Ministry of Corporate Affairs (MCA) to prevent the closure of e-commerce firm AskMe and save 4,000 jobs ... Instead, the government should consider assisting askme.com to buy out Malaysia's Astro Overseas' shares ... AskMe operates askme.com (classifieds), askmebazaar(eCommerce), askmegrocery, askmepay, and Mebelkart (online furniture retail)....

IT industry offers good opportunities despite layoffs: Experts

Edit The Times of India 28 Aug 2016
NEW DELHI. Reports of layoffs in startups and IT sector notwithstanding, HR experts believe these pink slips are due to a mix of non-performance and margin pressure and the overall outlook is not that bleak, with medium and high skilled jobs likely to see continued growth. Layoffs are becoming pretty common these days as there were recent reports of job loss in Flipkart, Askme, Ola and Infosys, among others ... READ ALSO IT professionals....

Subramanian Swamy comes to the rescue of AskMe employees

Edit DNA India 27 Aug 2016
Writes to Ministry of Corporate Affairs (MCA) to halt "winding up" of Getit Infoservices and save 4,000 jobs; asks the ministry to facilitate askme.com to buy out the 98.5% shareholding of Malaysian investor in the group ... All AskMe marketplaces – AskMeBazaar, AskMeGrocery, AskMeFurniture, AskMeFin and others – have been closed down as the Malaysian investor has refused to pump in any more funds....
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