Bengaluru, 8th July 2024: In a significant development within the tech and transportation industry, Ola Cabs, under the leadership of Bhavish Aggarwal, has made a strategic transition to utilizing its proprietary online mapping service, Ola Maps. This move marks a pivotal shift for the Bengaluru-based ride-hailing company as it aims to enhance operational efficiency, reduce […]
London-based food delivery startup Deliveroo will shut down its service in Germany on Aug 16.
Amazon walk off to establish its office in NewYork
Tata JLR Job Cut
With senior executives resigning from various important companies, Chief marketing officer of Myntra and head of Jabong Gunjan Soni, and Myntra’s chief strategy officer and head of categories Ananya Tripathi have decided to leave the organization. Both the executives will work with their respective companies till the end of this year. “Gunjan has played a key role in firmly positioning the […]
The automotive and energy storage company, Tesla has confirmed that the head of Model 3 production, who went on leave after chief executive Elon Musk took over his duties, will not be coming back. The departure of engineering senior vice president Doug Field came as California-based Tesla appeared to have finally hit a self-imposed goal […]
Zodius capital, a tech-oriented investment firm has elevated its stake in Zivame, which is a lingerie retailer by purchasing shares of the early backers of the lingerie startup named Kalaari Capital and IDG Ventures that invested in Zivame in early 2012. According to the reports, the funding agency now controls almost 45% in Zivame. It […]
The spectacular performance of Computing Infrastructure platform E2E Networks Ltd backed by Blume Ventures earlier this week could bring significant opportunity for VC exits through the route, as forecasted by the experts. The company’s IPO marked a close on 7 May with over a subscription of 70 times, while it’s listing on 15 May witnessed […]
The world’s largest asset manager BlackRock Inc. is all set to sell its 40% stake in DSP BlackRock Investment Managers Pvt. Ltd. to joint venture partner DSP Group, adding to the club of foreign asset managers that have left from Indian fund industry. As far as sources are concerned, DSP Blackout Investment Manager is currently […]
Jan Koum, the co-founder of social messaging app Whatsapp announced that he was leaving Facebook, which acquired the messaging service in 2014 for $19 billion. Koum announced his decision to leave the ranks of Facebook to the public on his Facebook page, citing that he will now focus on his passions off work such as […]
A Business Standard Report suggests that Government may completely exit Air India by selling its residual stakes to Life Insurance Corporation of India (LIC) and other financial institutions. As per the plans, 76 percent of equity would be sold in the national carrier, 50 percent in ground handling and AISATS hospitality firm, while 100 percent […]
Kalaari Capital, the venture capital and investor in Snapdeal, held talk with the company’s promoters about selling part or the totality of its stake in the e-commerce on the online market. According to anonymous sources, the discussions are still at an early stage and there are yet no guarantee that the request will be granted. […]