![]() As per the report, Nearbuy’s losses were close to Rs 51 crore, and turnover had crossed Rs 44 crore in FY19. While the company has not filed its financials for FY19 with RoC yet, Paytm’s annual report hinted a gloomy picture for the company. Interestingly, Warikoo claimed that Nearbuy had achieved the milestone of being cash flow positive two months ago. The company had an overall turnover of Rs 33.28 crore with losses amounting to Rs 49.11 crore FY18. However, it failed to make a mark as revenues couldn’t keep up with the expenses. You will get all the details of nearby dominos shop address, direction, opening hours and Dominos Pizza offers a variety of menu options ranging from fresh. This is a limited period offer can expire at any time so hurry up and grab your Domino’s voucher worth Rs.500 at just Rs.175 How To Loot Nearbuy Dominos. The purchase consideration for the acquisition of both companies was set at Rs 272.31 crore.Īfter the acquisition, the company had access to a vast pool of resources as well as a wide userbase of acquirer – Paytm. Nearbuy is offering an awesome steal deal for Domino’s pizza lovers.Nearbuy is offering Dominos voucher worth Rs.500 at just Rs.249 if you use below given code then you will get in Rs 175. Paytm facilitated a share exchange agreement between shareholders of Little and Nearbuy following which Nearbuy became a wholly-owned subsidiary of Little Internet. Two years later, Nearby was acquired by the payments firm Paytm in a distress deal, along with Little. Later, Groupon India rebranded as Nearbuy after Sequoia facilitated the exit of Groupon Inc in 2015. Warikoo and Shankar were executives in Groupon and the former led the company after founders of SoSasta exited. Nearbuy was founded in 2011 as Groupon India after its Chicago based Parent Groupon Inc acquired SoSasta in 2011 to start operations in India. Warikoo will continue as a shareholder and board member of the company. Shankar, who is the current COO of Nearbuy, will assume the role of CEO while Mitra will take over as the COO of the Paytm-owned company. In a LinkedIn post published this morning, Warikoo said: he will leave the company in November passing on the baton to the other co-founders Ravi Shankar and Snehesh Mitra who will take over the management of Nearbuy. The San Jose Sharks, who acquired veteran Mackenzie Blackwood from the New Jersey Devils on Tuesday, finally secured a two-year agreement with the goaltender on Saturday, signing him to a deal. ![]() Ankur Warikoo, CEO and co-founder of deal discovery platform Nearbuy, has announced today that he would step down as the CEO of the company. ![]()
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