With the funding frenzy cooling down and concerns of a valuation bubble rising, India’s tech startups and e-commerce companies are cutting back on plum joining bonuses. “Joining bonuses, used to lure quality talent fast, are being offered to about 10% of the staff now from 30%-40% a y…
Companies, Finance & Markets
Bike taxis in Delhi see engines revved up during ‘Odd-Even’ days
At a time when residents of Delhi are hoping for a workable solution for the next phase of “odd-even” car rule from April 15, the newly introduced bike taxis may well provide a breather. After gaining popularity in Goa, Bengaluru, Mumbai and Gurgaon, bike taxis have made their debut i…
Naturals to take over Yuvraj Singh-funded startup Vyomo
Vyomo, an aggregator of beauty salon doorstep services funded by cricketer Yuvraj Singh, will become a part of Naturals with the nation’s largest salon chain investing Rs 100 crore for a controlling stake. This deal, the first where a brickand-mortar salon chain is collaborating with an app…
Start-ups milk the IPL cash cow again
Whether you like the Indian Premier League or don’t, there is no escaping the din and crackle surrounding the event this year. And that is exactly what start-ups, paying anywhere between Rs 5 and 5.75 lakh for a 10-second spot on television during the matches, are betting on. The rates, alm…
Banks look to cash in on start-up wave by carving a new segment
Many banks have established a separate internal segment to cater to the needs of start-up entities, as they see value in building a relationship with some of these expected to become large companies in years to come. “For the first time in our country, entrepreneurship is being promoted in …
India to support mutual cooperation among IORA members
India has called for advancing mutual cooperation among members of the Indian Ocean Rim Association (IORA) for joint marketing, transfer of technology and forming joint ventures to enable small and medium enterprises to cater to the markets in grouping. “India’s vision for the Indian …
ixigo launches app discovery platform for train travellers
ixigo, India’s leading travel search marketplace, has announced the launch of an innovative app discovery platform that lets brands reach out to train travellers contextually and helps them discover apps and deals relevant to them. Over 20 brands including Amazon, Flipkart, Paytm, Freecharge, Pep…
Sequoia leads $7.5 million funding in video platform 90 Seconds
Cloud video production platform 90 Seconds announced it has raised $7.5 million in Series A financing led by Sequoia India. The round was supported by SKY TV NZ, Airtree Ventures, Beenext and Fotolia.com (sold to Adobe for $860 million) and the founder of the platform Oleg Tscheltzoff, will accel…
VentureNursery’s demands in way of Oyo’s Zo acquisition
Budget hotel aggregator OYO Rooms has hit a hurdle in completing its acquisition of rival Zo Rooms with fresh demands from one of its early investors stalling the process, according to four people aware of the negotiations. VentureNursery, a Mumbai-based accelerator which was the first investor i…
Goldman Sachs scouting for fintech start-ups
Goldman Sachs, the investment bank, is scouting for financial technology start-ups and is looking at Bengaluru for new picks. The Principal Strategic Investment Group of the bank has a global portfolio of 75 firms, including a dozen investments in the Asia-Pacific. Two are in India — National Sto…