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Top performing Snapdeal employees receive 20 percent hike in their salaries

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Snapdeal, an online shopping giant in, just announced 20 percent hike in the salaries of its top performing employees. The company justified the hike by saying that it expects to lead the organization ahead through meritocracy. The company continued its trend for second year now. Last year, it gave 16 percent hike to its best performing employees.

Each top performer will be also eligible for the Employee stock ownership plans. It means that the employee will become partner in the company by owning its stock. Vice President (Human resources) Saurabh Nigam informed the press that the company has implemented trimester based performance review now. Top performers will be continuously rewarded through this system.

Bengaluru, Gurgaon and Delhi offices of the Snapdeal employ around 6,000 employees as of now. 5-15 percent of those are expected to be benefited from the salary hike. It will increase the commitment of employees to the company and add motivation to work better. Indian e-commerce market is facing intense competition and this strategy is aimed at retaining best employees within company.

The pay hikes are not decided by the profit or financial impact of the work done by an employee. The overall contribution of the worker to company is taken into the account. The high performing members of team will be fairly compensated for their skillset. The company has also looked at the low performing employees. It recently gave notices to 200 employees to increase their performance in 30 days or face the termination otherwise.

The big compensations, stake in the ownership and other such incentives are getting common in the Indian e-commerce companies due to steep competitions from giants such as Flipkart and Amazon. The Snapdeal’s plan to hike the salaries of employee is definitely going to help the organization.

 

Snapdeal employees salary

Snapdeal employees salaries

snapdeal salary hike

E-commerce

Amazon Prime Day Sale 2018 to Offer More Than One Million Deals

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Amazon Prime Day Sale 2018

Amazon Prime Day Sale 2018 will be starting on 16th of July at 12 PM and will go on till 17th July midnight. This 36 hour is expected to showcase some unprecedented offers. The company website claims that there will be more than one million offers for the customers and given their past record with sales, this is going to be true. Last year, this sale saw a record number of people registering for Prime to get access to this sale and this year the number is expected to double.

During these two days, Amazon will launch 200 new products from top brands, both national and international. With this sale, Amazon will be offering almost 40% off on many mobile phone brands which is expected to be the most selling section of the website.

Phones That will be Launched During Amazon Prime Day Sale 2018

The first phone to go on sale will be Xiaomi’s Redmi Y2. This phone will start selling from 1 PM on the first day. Amazon will be offering 10 percent discount when payment is made using HDFC card and will also be offering a No cost EMI starting at Rs 1,111. There is also an option of getting up to Rs. 3000 off on exchange of an old phone. The website has already listed phones that will be available on sale. This list includes the names like Honor 7X, Moto G5 Plus, and Samsung Galaxy On7 Prime. OnePlus6, which exclusively sells on Amazon is also expected to go on sale.

Other Big Deals That You Cannot Miss

Amazon will be offering up to 50 % off on electronics and appliances, 50-80% off on clothes and accessories and up to 70% off on home and outdoor products. The daily essentials section will also see a discount of up to 50 %. All the discounts will be available on all the big brands including names like Satya Paul and tech brands like Bose.

This is not all, Amazon Prime Day Sale 2018 will be giving its customers a cashback of up to Rs. 150 on Dominos, Fassos, and BookMyShow. It will be also be offering a cashback of up to 1,600 for flight tickets on ClearTrip.

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Flipkart trying to increase their business by tying with Make My Trip

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flipkart make my trip

 

Flipkart is said to be one of the biggest online shopping apps where online transactions can be done in an easy way as well as cash on delivery also. Whereas Make My Trip deals with the booking of tickets for railway, flights, buses. A new deal has been signed up by Flipkart to tie up with Make My Trip to increase their business.

Flipkart enters the online space of travel

Flipkart is mostly known for selling gods whether it may be clothes, electronic items, home and kitchen appliances etc. Flipkart is said to be the E-commerce market leader who recently entered into a partnership with Make My Trip, the online ticket, and traveling platform. More commonly it can be said that the Flipkart users can easily leverage the service of Make my trip on the platform of Flipkart.

Other online services which include the services which have been offered by Goibibo, Redbus and other platforms that are owned by Make My Trip will be accessible through Flipkart because of the tie-up.

According to the press release

According to the press release, starting off the new partnership of Flipkart and MakeMy Trip will be the roll-out of the bookings of the domestic flight bookings in the next upcoming booking which may be followed by the booking of bus, hotel and holidays. There are almost 100 million users who have registered and downloaded the app. This can now be leveraged by Make My Trip. A substantial portion of the revenue of the Make My Trip is coming from the Indian unit that is Make My Trip (India) Private Limited.

Other subsidiaries include UAE, Singapore contribute small revenue towards revenues of parent firms. It also executes travel insurance apart from bus tickets, rail tickets, airplane tickets and holiday bookings.

Early incident performed by Snapdeal

A similar incident was performed by Snapdeal also that has they included booking of rail and airplane tickets but they fail to attain any success. However, Flipkart can gain success if this is implemented in a better way. Travel bookings will be a seamless experience if this partnership is implemented in a good manner.

We can hope that this tie-up of Flipkart along with Make My Trip will benefit their customers.

 

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Paytm Declares Tyranny in the Online Payments Market – Will it be Overthrown?

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The Paytm UPI (Unified Payments Interface) has grown to be bigger than all other platforms combined with an apparent record of 68 million transactions in the month of February 2018.

Paytm

This is an increase of about 33% from its 51 million in the month before. The Senior Vice-president of Paytm, Deepak Abbot, is glad to acknowledge this and says that their main motto is to make online transactions simpler for the user.

With its ever-increasing user base, the company stands ahead of all competition and is not willing to look back. Paytm is the largest beneficiary of the NCPI (National Payments Corp. of India) and the company promoted the demonetization scheme brought forward by the Modi Government, while tremendously increasing its own revenue.

Since the rollout of its full UPI services in November 2017, it has grown to accommodate even the Government provided UPI service – BHIM and became the winner of the race in the UIP market.

But will this change since the bigger giants want a piece of the delicious pie too? Google, Flipkart, and more recently the widely popular Whatsapp have introduced their own UPI services. While Paytm is the oldest in the market, how can it ensure its tyrannical rule against these well-funded companies?

Last month, the founder of Paytm, Vijay Shekhar Sharma lashed out against WhatsApp Payments, probably to avoid competition. He claims that the company is trying to mislead its customers and take advantage of the cash-less India moto. Even with Google’s Tez and Flipkart’s PhonePe, he says, there are security flaws and warns the users to beware of them.

These comments have triggered a debate among the UPI providers which throws light on the fact that the online transaction market is the most sought after at the moment.

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E-commerce

Binny Bansal is new CEO of Flipkart, Sachin Bansal becomes the Executive Chairman

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Binny Bansal is new CEO of Flipkart

Binny Bansal is new CEO of Flipkart, Sachin Bansal becomes the Executive Chairman

‪‪Binny Bansal is new CEO of Flipkart. He will take charge of the India’s e-commerce giant from it’s another co-founder and present CEO Sachin Bansal.

The new CEO currently serves as the COO of the company. Present CEO Sachin is expected to be posted as the Executive Chairman. He will be guiding the leadership team of the India’s online shopping major. Sachin is also going to handle the task for exploring new investment sources for the company. The most important challenge will be to create the solid ecosystem for the Flipkart. He will be also representing company in several conferences and forums. The company statement informed that the Sachin Bansal will remain as the Chairman of the board.

Sachin Bansal informed that the Flipkart can play important role in improving online shopping experience in India. The Flipkart co-founder also said that the e-commerce sector is going through most vibrant phase in the country today. Sachin told press that they are going to take Flipkart on the next level and aim to create a world class internet company.

Binny Bansal, the new CEO is going to focus on the core operations of the Flipkart. He will be responsible for improving the overall performance of the company. This means that Myntra, Ekart and Commerce, three main divisions of Flipkart will directly come under Binny Bansal. Other departments like Legal, Corporate Communications, Human Resources, Finance and Corporate Development will be reporting to the new CEO too.

Flipkart’s new CEO Binny Bansal said that the company is going to lead innovation in the domain of mobile commerce.

Read Also :

Flipkart is back with Big Billion Days

How to become a buyer on Flipkart?

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E-commerce

Here are some best deals spotted at Snapdeal’s Electronics Monday sale

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snapdeal

The e-commerce major ‘Snapdeal’ has taken lead in launching first mega sale this festive season. The company unveiled heavy discounts on electronics through ‘Electronics Monday’ sale. Snapdeal is specifically targeting gadgets category unlike its counterparts Amazon, Flipkart and Shopclues, which are going to organise sales in all segments. The online retailer is probably aiming at electronics because smartphones, tablets and camera’s drive the sales of online shopping portals in India.

The company pleasantly shocked its customers by offering massive discounts on premium products such as iPhones. Though deals were changing hourly, iPhone 5s was spotted for Rs.24, 999/- on the website. That’s is less than half of market price. The Moto E 2nd generation’s 3G version was available for Rs.4, 999/- and 4G version was available for Rs.5, 999/- on Snapdeal. Looks like Motorola is moving away from its traditional retail partner Flipkart during this festive season.

snapdealsale

snapdealsale

The discount on Lenovo laptops was as high as 25%. Snapdeal was offering Lenovo G50 Notebook for Rs.23, 990/-. The market price of this laptop is as high as Rs.31, 790/-. Google’s former flagship Nexus 5 smartphone was selling at Rs.16, 000/-. Snapdeal was giving away Google’s ultimate streaming device ‘Chromecast’ for free along with nexus device.

The electronics sale worked well for shutterbugs too. Canon’s entry level DSLR model 1200D was selling for Rs.22, 990/- along with two kit lenses.  Nikon Coolpix L340, a 20MP semi SLR was priced at Rs.8990/-.  Other camera accessories such as selfie sticks, tripods were available at lower prices too.

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