wordpress blog stats
Connect with us

Hi, what are you looking for?

FutureBazaar.com CEO Sankarson Banerjee Resigns

After three years of being at the helm of FutureBazaar.com, Sankarson Banerjee has resigned, MediaNama has learned from sources. We contacted Banerjee, but he has declined to confirm or deny whether he has resigned. "There will be an announcement on Friday", we were told. FutureBazaar.com is the online shopping site by Kishore Biyani's Future Group and is backed by KPCB and Sherpalo Ventures. In his own words, Banerjee led the company through its conceptualization, launch (in 2007) and fund-raising. Futurebazaar offers over 20,000 products and reaches more than 200 cities and towns in India. It has partnerships with with Blue Dart and Aramex for delivery. Some of the most popular items bought online in 2007-08 were mobiles, home electronics, laptops, MP3 players, T-shirts and gift vouchers. Financials: The company registered profits of Rs. 3.95 crores over operating revenues of Rs.15.62 crores in FY07-08, according to the Annual Report of Pantaloon Retail. It showed a profitability of 25%, which is good, but lower than that of the group. The website went through a redesign last year by Wipro Technologies and was supposed to shift to e-commerce platform ATG, which was "expected to improve customer experience, increase customer choices and lead to better business performance." It recently tied up with Infibeam for an online books store. Banerjee's blogs at LotsaFood. Related - Future Bazaar Turnover At Rs. 62 Crores; Needs To Get Real On Savings, Reduce Delivery Time

Please subscribe/login to read the full story.
Written By

http://www.linkedin.com/in/preethij

Free Reads

News

Given that Apple itself admits that no threat is currently posed by quantum computing, this move might seem like too much too soon, but...

News

OpenAI argued that common use of the term GPT could lead to ‘infringement issues’ wherein users are likely to assume that products with the...

News

Flipkart at the moment remains unsure of precisely what it would be able to take over if it were to acquire Dunzo, which has...

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ