I use an Ola cab almost everyday. It is reliable, reasonably cost effective and in the wake of the government’s recent demonetisation drive, a lifesaver because of an efficient e-wallet built into its mobile app. I also like the fact that this online cab hailing service is made available to me by…
Tag: Flipkart
Start-up Inc split over Sachin Bansal, Bhavish Aggarwal’s call for ‘protectionist’ policies
US-based Amazon and Uber kept a conspicuous silence on Thursday after the poster boys of Indian Internet entrepreneurship — Flipkart Chairman Sachin Bansal and Ola Chief Executive Officer Bhavish Aggarwal — joined forces to make a strong pitch for policies that will favour homegrown companies. So…
Indian start-ups call for a level playing field against global peers: Flipkart co-founder
Bengaluru: India needs to create a level-playing field for start-ups to compete effectively against global companies with significantly larger capital, said Sachin Bansal, Co-Founder Flipkart Ltd, and Bhavish Aggarwal, Co-Founder Ola (run by ANI Technologies Pvt. Ltd). “There’s a fair way to comp…
PayU to invest in consumer lending start-up ZestMoney
Naspers-owned online payments platform, PayU is leading a financing round in consumer lending startup ZestMoney, people familiar with the development told. The $3.7 million fund raise will give PayU a 20% stake in ZestMoney and see existing investors Ribbit Capital and Omidyar Network also partic…
Demonetisation Effect | Indian e-Commerce growth projection cut to 55.5% for 2016
Four months after forecasting a 75% increase in Indian e-commerce in calendar year 2016, eMarketer, a US-based market research firm, on December 6 cut its projection to 55.5%, or around $16 billion, citing the impact of demonetisation on order volumes. While orders will recover in the long run fr…
Amazon rolls out Launchpad for start-ups in India
New Delhi: Amazon Inc. on December 5th announced the launch of its global programme for start-up products, Launchpad, in India. “Launchpad is a destination for start-ups to showcase unique products to millions of consumers world over,” Jason Feldman, Director of global innovations, Amazon, said a…
Telemedicine start-ups give gateway to rural women for providing medical help
When Pooja Rathore, 23, was brought to Karma Health care’s clinic in Jaisamand in Rajasthan, she was in a critical condition. The doctors ordered a blood test, found that her haemoglobin level was as low as 2.1 and ordered an immediate transfusion to save her life. All within minutes and fr…
Hedge funds fleeing Indian start-up market
Hedge funds were all over the Indian startup scene last year. Look around now and it will be hard to spot one. They have simply fallen off the cliff in 2016. There have been only 10 deals involving hedge funds in the first three quarters of 2016, compared to 50 deals in the same period […]…
SMEs, start-ups have to digitise businesses, says Tata Teleservices VP (SME Operations)
Over time, SMEs have gradually learnt to embrace technology as they have realized the value of becoming tech-savvy. The newer generation of SME owners are now adopting methods that help in reducing costs and streamline operations. Tata Teleservices has been on the forefront in the enterprise spac…
Accel Partners raises $450 mn India fund
Bengaluru: Venture capital (VC) firm Accel Partners, which over the years has backed high-profile technology start-ups, including Facebook Inc. and Flipkart, has raised $450 million for its fifth India fund, indicating that investors are still enthusiastic about Indian start-ups. The latest fund …