Capital Float, a leading online lender for small businesses, has raised about ₹170 crore ($25 million) in a Series B round led by Creation Investments. Existing investors Aspada, Sequoia India and SAIF Partners participated in this round that valued the company at over $100 million. This is Capit…
Tag: Uber
Tech startups, e-commerce companies cut down on joining bonuses
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…
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…
With new services, Uber and Ola target value-conscious consumers
Uber and Ola are opening a new front in their ongoing battle for leadership in India’s cab aggregation business with specific services that target the value-conscious consumer. Uber aims to invest further in low cost riding options like carpooling, bike taxis and auto rickshaw services to s…
Operators like Rapido, Ubermoto and others look to make bike-taxi services ‘safe’ for women
Operators of bike-taxis, which have over the past few months been emerging as viable, convenient and low cost solutions for travel in the city, are now looking to attract more women riders to use the service. “We have around 400 mandatory steps that the driver needs to pass. We take a ride …
Self-drive rental business startups may overtake taxi-booking apps
While the Uber and Olas of the world are busy upping their game in the $8-billion taxi-rental market, there is another parallel industry selfdrive car rentals which though nascent is growing at a fast peg. In the last one year, at least a dozen-odd startups have sprung up in the space — MiCar, Se…
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…
Uber launches UberMOTO in Gurgaon
After Bengaluru, taxi-hailing app Uber on March 30 launched a pilot of its bikesharing product – UberMOTO – in Gurgaon. “Uber today announced a pilot of Uber’s bikesharing product – uberMOTO in Gurgaon… This follows our agreement with the government of Haryana …
Uber to invest $500 million by June in India as it takes on rival Ola
Ride-hailing app Uber plans to invest $500 million (Rs 3,300 crore) in India by June — or Rs 1,000 crore a month, on average — as it challenges Ola for leadership in its third-biggest market, two people aware of the matter said. Just nine months ago, the world’s most valuable startup commit…
Uber resumes bike taxi pilot UberMoto in Bengaluru
Uber has resumed its bike taxi pilot UberMOTO in Bengaluru after giving the service a different coat of paint —’bikepooling’ — and promising not to charge the rider any commission till regulations for the service are framed by transport authorities. The ride-hailing app is trying to p…