TCS Shuts Down eCommerce Business Yayvo.com after 10 Years

After a decade, TCS has finally decided to shutdown the operations of its e-commerce business i.e Yovocom, after a series of desultory attempts to sell off its e-commerce business. TCS is expected to have a deficit of around Rs 1.2 billion which means 10-20% of decline in valuation after the closure of Yovo.