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Tradus.com is Shutting Down

Deepanker Verma September 5, 2014 Internet

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As per the NextBigWhat reporting, Tradus.com is in process to shut down its operation very soon. Yesterday, its CEO Mudit Khosla left the company. Tradus is a brand owned by Naspers, the parent company of Ibibo.

Yesterday, Ibibo group CEO Ashish Kashyap confirmed that Mudit has left the company but denied the rumors in a statement given to Medianama. He confirmed that you will see the new avatar of Tradus soon.

As per Ashish Kashyap’s statement, Tradus.com recently changed the business model from a location-based mobile marketplace to a fresh food & grocery e-tailer. It has added groceries vertical around four months ago strating from Delhi. In this service, users can order various groceries from its mobile app.

Ibibo parent Naspers is one of the biggest investors in Indian e-commerce industry. It has also invested in Flipkart. Other companies owned by Naspers are Redbus, OLX, PayU and Tradus.

Tradus.com was launched back in 2009. It acquired Hyderabad based BuyThePrice in 2013.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.