For consumer internet companies used to spending their way to market leadership or otherwise, conserving cash has now become a priority to extend their runways. In the new regime, startups are shunning previously popular buzz-phrases such as ‘growth over profit’ and ‘winner take…
Companies, Finance & Markets
Online marketplace shopclues drops regional operations, eyes cities for growth
Online marketplace ShopClues is looking to expand its seller base and make intra-zonal shipments the norm to speed up deliveries and reduce logistics cost, a move that comes at a time when etailers are seeking to fulfill orders faster than their competitors as discounts take a back seat. “W…
ZOMATO now sees gravy in the clouds
In a bid to boost revenues through new business verticals, Zomato is getting into sales of a cloud-based point-of-sale product for restaurants called Zomato Base. While the company had been working with a few restaurants to pilot the product, including food trucks or mobile food vans in Gurgaon, …
Uber kicks off uberAUTO service in Bhubaneswar, Coimbatore
Uber, the smartphone app that matches riders with drivers, launched uberAUTO in Bhubaneswar and Coimbatore. “Auto-rickshaws play a big part in city transport, and uberAUTO will help transform the existing transportation options by using the best-in-class technology,” a release from Ub…
US-based venture capital to launch $50 million fund focused on India
US-based investor, Entrepreneurship and Venture Capital (EVC), is launching its maiden, India-focused $50 million (Rs 332.6 crore) early-stage investment fund that will look to back enterprise software, internet and mobile-focused startups. The venture capital firm, which is led by serial entrepr…
OLA to make wi-fi services available across categories soon
Transportation app Ola will soon extend Wi-Fi services to users across segments including Micro, Mini and even autorickshaws. The Bengaluru-based firm currently offers in-car Wi-Fi services to users of its Prime category. Ola today announced the launch of Ola Wi-Fi that will allow users to auto c…
Affordable, yet advanced technology make India’s medical devices startups grab global attention
Dr Sheela CN, head of the obstetrics department at St. Johns Medical College Hospital in Bengaluru, seems pleased with a new product she’s testing to detect fetal distress during childbirth. “We are testing this device to see if it can help us (diagnose) high-risk problems during deli…
In a global first, Ola brings ‘Auto-Connect Wi-Fi’ experience
Ola, India’s most popular mobile app for transportation, today announced the launch of Ola Wi-Fi, a proprietary experience from the company’s innovation labs, that allows users to auto connect to Wi-Fi in an Ola cab without having to enter credentials every single time. Users with a one-time auth…
Guidelines on e-commerce markets may save small & medium sellers
Small and medium sellers on e-commerce platforms said the latest guidelines on online retailing will give marketplaces fewer opportunities to arm twist them on matters such as pricing and return policies. But, the All India Online Vendors Association, which has 500 large and medium sellers as mem…
23 SMEs file IPO papers in Jan-Mar quarter to mop up Rs 200 crore
To tap the upbeat investor sentiments, as many as 23 Small and Medium Enterprises (SMEs) have filed draft papers in the first quarter ending March 31, to raise over Rs 200 crore through their initial public offerings. The shares will be listed on the SME platforms of the BSE and National Stock Ex…