wordpress blog stats
Connect with us

Hi, what are you looking for?

Fetise.com Co-Founder & CEO Abhishek Shah Quits

Exclusive: Abhishek Shah, CEO and co-founder at Fetise.com, a niche e-commerce site, has resigned from the company as the company goes through management change. The move has been confirmed to MediaNama by Mahesh Murthy, whose early stage venture capital firm, SeedFund, has invested in Fetise. We tried to contact Shah for the confirmation but he did not respond to our call and SMS. Murthy has also informed that the management change is a part of the planned transition and that business will continue as usual at Fetise. The company had raised $5 million in its first round of funding from Seedfund in January 2012. SeedFund has invested in two fashion related eCommerce ventures - Fetise and Done By None. It's not clear where he'll be heading next, however, his LinkedIn profile states that he's currently taking a sabbatical. Prior to joining Fetise, Shah had co-founded DealsAndYou.com (formerly Wanamo.com). He has also worked with Tyroo Media Pvt Ltd as a regional manager and at Pencon Infotech Ltd as a Marketing Manager - Institutional Sales. Fetise focuses on luxury brands for men and was launched in March 2011.  In January 2012, the company was apparently handling around 500 transactions per day at a revenue run-rate of Rs 2-2.5 crore per month and an average billing amount of Rs 1500. Fetise competes with online apparel players like Smile Interactive’s Freecutlr, Times Internet Limited’s* HutK.com, ThePrivateSales, Exclusively.in (acquired by Myntra), FashionAndYou, and the India Today group’s bagittoday. *Disclosure: Indiatimes is an advertiser with MediaNama

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

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

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

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