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News Roundup: 400 Layoffs at AOL India(?), Visa and Snapdeal Enter Strategic Partnership

AOL India to Layoff 400 Employees?

AOL India will layoff 400 employees in Bangalore, as well as transition 300 more to contractors working for partners. That leaves about 200 staffers, who will work on consumer-facing products for the Indian and Asian markets.[source/unconfirmed yet]

Snapdeal And Visa Announce Partnership

Snapdeal, owned by Jasper, a leading marketing platforms company, has entered into a strategic alliance with Visa.

As part of this partnership all Visa Debit and Credit cardholders in India will enjoy various benefits on www.snapdeal.com and will additionally enjoy a free Rs.100 credit, usable against their purchase on www.snapdeal.com. The partnership is designed to provide additional benefits and convenience to the growing number of online cards users in the country and further encourage existing Snapdeal users and Visa cardholders to utilise the various programs designed for the Indian users.

Komli Media Strengthens its Leadership Team

Komli Media has announced the appointment of Jaisimha Muthegere as Vice President of Engineering and Bangalore Center Head and Gulshan Verma as Vice President and Country Head, Ad Network, India and Middle East. Jaisimha will spearhead the engineering efforts for the company globally and will lead Komli Media’s recently announced engineering center in Bangalore whereas Gulshan will lead the Ad Network business in India and its expansion in Middle East. Both will be part of Komli Media’s management team.

Vamoose, Group buying travel portal launched

TravelMartIndia, travel web portal announced that it has launched India’s first group buying portal for travel, leisure and vacation destinations. Vamoose.in’s platform has been developed and will be run by ‘EL Media’, a UK-based technology company that has built the group-buying model across the globe! Their platform is in operation in South Africa, Israel, Kenya, Russia, and now in India.

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