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…
Tag: OYO Rooms
Ola acquires Chennai-based Qarth technologies
Ride-hailing app Ola said it has acquired Chennai-based Qarth Technologies, which has developed a mobile payments app X-Pay, in a move aimed at strengthening its payments business — Ola Money. Ola did not disclose the size of the deal. The IIT-Madras-incubated startup, founded in 2012, offers a p…
Truecaller plans alliances with e-commerce giants
In an effort to tap on the start-up system in India and open a new revenue stream, phone number identification app Truecaller is planning to get into tie-ups with e-commerce giants such as Snapdeal, Flipkart and other online players which require phone number verification on their customers and o…