e-commerce
ScholarKart.com is now Fastudent.com
MUMBAI: ScholarKart.com – a one stop shop for all the academic needs of students – has announced to change its name to Fastudent. Fastudent is a part of EduVision Retail Pvt. Ltd., a first of its kind e-commerce technology enabler. The change in name, accentuates the transition this e-commerce technology platform, which services student communities all the way from Play Group to Post Graduation (PG to PG), has undergone. This announcement highlights the company’s desire to bring bigger and better value to every student in India, ranging from local to global education products.
Speaking on the development Gaurav Barman, CEO, EduVision Retail Pvt. Ltd. said, “Fastudent is one its kind e-commerce portal that is intended to service the education fraternity like never before. We are the first ever to include one of the widest product ranges in this segment, from Books, Stationery, Branded Merchandise, Digital Learning, Uniforms , Musical Instruments ,Sports Goods, Art & Craft and Electronics. The change in name marks a change in our approach.”
Adding to this, Ms. Geetanjali Khanna, COO, EduVision Retail Pvt. Ltd. said, “The role of the youth is the most important in today’s time. With Fastudent we intend to facilitate access to international education products to make available more learning avenues to the youth of India. ”
Fastudent, taking from the legacy of scholarkart.com, will continue to focus on offering comprehensive educational services to schools, universities and retail segments across India. With clearly defined operational arena and objectives, Fastudent is entering a phase of diversified growth in the education industry, across India, with the potential for widespread growth in the near term
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
