News Roundup: Gurmit Singh Is Yahoo India’s New MD, getitBazaar Launches Integrated Payment and Delivery Solution & More

Yahoo India appoints Gurmit Singh as their new MD, getitBazaar launches a new integration transaction processing service and Magicbricks gets a revamp.

The ex-CEO of Forbes India, Gurmit Singh, has been appointed as Yahoo India’s new Managing Director.


He will take care of the company’s India business as well as growth. Singh who commences office today, will report directly to Yvonne Chang who is the VP and head of India and South East Asia at Yahoo.

Singh’s experience with advertisers and users is what Yahoo will be banking on for its upcoming product innovations in the country, said Chang.

Gurmit Singh has previously worked with Sony Music, Hindustan Times and Marico among other companies.

getitBazaar Launches Integrated Payment and Delivery Solution

SME bazaar getitBazaar has launched a new integration transaction processing service that allows sellers to take care of payment and logistics needs from a single platform. The service will integrate existing portals, Facebook pages, mobile apps onto getit’s platform.

Sellers will have to pay a one-time integration fee of Rs 15,000 and a transaction processing fee of Rs 100 to avail the service.  


Merchants will only be charged for orders that have been completed successfully. There will be no payments charged for returned goods.

The company will charge a payment of 2.5% when order values exceed Rs 4,000. Items that weigh over 5 kg or 25 liters will attract a surcharge as well.

The fact that it will only charge merchants for completed orders, may get many more sellers using this platform.

Magicbricks Revamps Portal

Realty portal Magicbricks has revamped and redesigned key pages on the portal. It has changed the Homepage, post requirement form and search pages of its portal.

magic bricks

The company says the homepage has undergone a change with the search feature now only having three columns with search options for ‘Property’, ‘New Projects’ and ‘Agents’ being brought to the front.

Magicbricks has also added new refine filters and sort fields apart from a single search form that integrates the ‘Commercial Section’ previously present on the portal.

Overall, while it is an improvement over the previous site, not too much has changed really. It also looks very similar to another competitor in the field with the changes.


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