Facebook Inc., the social media giant, rolled out its update, the Job Search feature in 40 countries. Although Facebook launched this feature over a year ago, it was only available in United States of America and Canada. The new update will now be available in Brazil, U.K., France, Germany, Italy and Spain among other countries.
In a blog post, Facebook’s Vice President of Local, Alex Himel said based on feedback from both users and businesses, the company added new features to improve the job search tool. While LinkedIn is one such application for users to search for jobs and potential candidates, Facebook’s aim is to make itself more meaningful to people’s lives while laying the foundation for a lucrative business.
Businesses will now be able to post job openings to the Jobs tab on their Page, Jobs dashboard, Facebook Marketplace, the News Feed and promote these posts using the Facebook ads. At the same time, users seeking for jobs can discover new openings, auto fill the applications using their Facebook profile information, edit and submit the application. As an added feature they can also communicate with companies on the Messenger app to further schedule interviews. Additionally, job seekers will also be notified when a particular company updates its job listings. In September in 2017, Facebook partnered with the job aggregator company ZipRecruiter to strengthen its offering in this field.
Alex Himel further added, “We know there is more Facebook can do to connect people and businesses. Since 2011, Facebook has invested more than $1 billion to help local businesses grow and help people find jobs. And in 2018 we plan to invest the same amount in more teams, technology and new programs. Because when businesses succeed, communities thrive.”
Facebook recently launched their Marketplace service in select cities in India. In an attempt to strengthen its presence in the country, the company also launched the Messenger Lite app for users with old smartphone models or slow Internet connections. If successful, this move will prove social media is more than just a place for teenagers and adults alike to waste time.
Cashfree Payments has appointed Piyush Anchliya as its new Chief Financial Officer (CFO), effective April 15, 2025. Anchliya brings over 15 years of experience in investment banking, corporate finance, strategy, and mergers and acquisitions, with senior roles at Barclays, Bandhan Group, and most recently as CFO of Bandhan AMC. He holds an MBA from IIM Ahmedabad and a B.Tech. from IIT Kharagpur.
In his new role, Anchliya will lead Cashfree’s financial strategy, optimize operations, and support the company’s next growth phase. He will report to CEO and Co-founder Akash Sinha, who highlighted Anchliya’s expertise as vital for sustainable scaling and strengthening the company’s financial foundation. Anchliya succeeds outgoing CFO Vikas Guru, who will assist during the transition.
Founded in 2015, Cashfree Payments processes over $80 billion annually for more than 800,000 businesses. The company recently raised $53 million in funding led by KRAFTON and Apis Growth Fund II and secured key RBI licenses, positioning it for accelerated growth in India’s fintech sector. Anchliya’s appointment comes at a pivotal time as Cashfree aims to expand its leadership in digital payments.
Jeyandran Venugopal, the outgoing Chief Product and Technology Officer of Flipkart, is set to become the CEO of Reliance Retail Ventures (RRV), the retail arm of Reliance Industries. His appointment, expected to be finalized in May after his exit from Flipkart, signals Reliance’s push to strengthen its retail business with a technology-first approach.
Venugopal brings extensive experience from leading roles at Flipkart, Myntra, Yahoo, Snapdeal, and Amazon, where he focused on scaling technology platforms and driving innovation. At Flipkart, he managed product, engineering, data science, and more, helping build robust systems and improve user experience.
His move comes as Reliance Retail undergoes transformation, including cost-cutting and a renewed focus on digital growth. Venugopal’s leadership is expected to accelerate Reliance’s ambitions in omnichannel and tech-driven retail, positioning the company for continued dominance in India’s evolving market.
Delhivery, one of India’s leading logistics companies, has announced its acquisition of Ecom Express in an all-cash deal valued at ₹1,407 crore. This strategic move marks one of the largest consolidations in the logistics sector and is expected to enhance Delhivery’s scale, profitability, and operational efficiency.
Background
Ecom Express, founded in 2012 and headquartered in Gurugram, has faced significant financial challenges recently. The company canceled its IPO plans in 2024 and laid off hundreds of employees due to operational setbacks, including losing a major client, Meesho, which shifted to its in-house logistics service Valmo. These struggles led to a distressed sale, with private equity investors like Warburg Pincus and Partners Group exiting their stakes entirely.
Strategic Benefits for Delhivery
Enhanced Scale: The acquisition will strengthen Delhivery’s network reach and infrastructure, enabling better service delivery across India.
Operational Synergies: Combining operations with Ecom Express will improve efficiency and reduce costs through economies of scale.
Competitive Edge: With Ecom Express as a subsidiary, Delhivery solidifies its leadership position in the logistics space by offering broader coverage and faster services.
Challenges Addressed
The acquisition mitigates risks from Ecom Express’ financial struggles while addressing past disputes between the two companies over inflated shipment volumes reported by Ecom Express during IPO filings.
Future Outlook
The deal is expected to close within six months after regulatory approval from the Competition Commission of India (CCI). Post-acquisition, Ecom Express will operate as a subsidiary of Delhivery, unlocking new growth opportunities such as advanced logistics technology integration and expanded customer reach.
With ₹5,488 crore in cash reserves as of September 2024, Delhivery is well-positioned to finance this acquisition without compromising financial stability. This move underscores Delhivery’s commitment to innovation and efficiency in India’s rapidly evolving logistics landscape.