Curtains Down
Not all is well in the e-commerce industry. Snapdeal’s Kunal Bahl and Bhavish Aggarwal of Ola Cabs have decided to shut down Exclusively.com and TaxiForSure, respectively. While Bahl decided to absorb all the employees of Exclusively.com, which Snapdeal had acquired in February 2015, it is estimated that Ola’s move may result in 700 people losing their jobs, though it is not very clear if some will be absorbed. Ola had acquired TaxiForSure in March 2015.