InnerChef, Gurugram-based food ordering platform has raised $2.5 million funding led by Japanese early-stage fund Mistletoe with participation from Singapore-based M&S Partners and existing investors. Prior to this, InnerChef had raised around Rs 11 crore funding from a clutch of investors including Paytm’s Vijay Shekhar Sharma, redBus co-founder Phanindra Sama, Shaadi.com’s Anupam Mittal and GOQii founder […]
Sunil Bharti Mittal has been re-appointed as the Chairman of telecom giant Bharti Airtel for another five year, with effect from October 1, 2016. “Sunil Bharti Mittal has been re-appointed as the Chairman of the company for further term of five years with effect from October 1, 2016,” the company said in a BSE filing, […]
ANI- Taxi aggregator Ola, which acquired rival TaxiForSure a little over a year ago in a USD 200 million (roughly Rs. 1,240 crores) deal is now reportedly shutting down TaxiForSure as a separate offering, laid off 700 employees and integrating its fleet a report stated here today. “The TaxiForSure (TFS) value proposition as an economy […]
Didi Chuxing’s acquisition of Uber’s China business last week reshapes the landscape in Asia’s growing ride-hailing sector, and leaves India’s Ola more vulnerable to attack by Uber in its $12 billion home market. Four months ago, Ola executives met with Didi hoping the Chinese firm would invest fresh capital to help it fight Uber Technologies […]
US-based ad tech startup AdPushup, creator of a patent-pending ad layout optimization platform, has secured an undisclosed amount of financing as part of its Series A round led by Geniee Inc , whose major shareholder is SoftBank Group Corp; other investors include Purvi Capital, and existing investors have also participated in the round. The companies […]
The taxi industry, with a potential of $7 billion to be reached by 2020( as predicted by SoftBank) has started sheltering e-payment besides cab hailing services. While everyone is familiar how Uber and Ola are striving to gain an upper hand in this sector, theres a silent battle brewing between the wallet and payment service […]
In a report, Us based FTC ordered InMobi, SoftBank-backed Indian mobile advertising firm to pay $950,000 civil penalties for tracking locations of “hundreds of millions of consumers – including children – without their knowledge or consent” to serve their geo-targeted advertising. InMobi is subject to a $4 million penalty but the agency suspended the fine […]
Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal. Last November, it had decided to monetize its products as part of the restructuring exercise. “Housing.com is receiving an overwhelming response to the products […]
In his first year at Wipro, former TCS veteran got an annual pay package of USD 1.8 million (about Rs 12.04 crore). This is higher than what his predecessor and former CEO T K Kurien earned at Bengaluru-based IT major. However, his peers at rivals Infosys and Tata Consultancy Services (TCS) have fatter pay packages. […]
“Rahul Yadav” a name which does not require any kind of introduction. From last 6 to 7 months, this name is promoted by the person himself through his own activities on social media and in media. Why? Let’s start from the beginning, 1) Rahul Yadav is an IItian who left IITB in his last […]
Snapdeal today said it has acquired TargetingMantra, a move that will help the ecommerce major enhance personalisation of shopping experience of customers. The acquisition amount was not disclosed by Snapdeal. TargetingMantra specialises in the field management of customer life cycle through personalisation, targeting and big data analytics. Founded by former Amazon executive Saurabh Nangia and […]
A flurry of complaints from Uber drivers about an unusually high number of canceled bookings was the spark that ignited a bitter legal fight with Ola, Uber’s rival for dominance of India’s $12 billion taxi market, according to court documents and a source with direct knowledge of Uber’s case. A seven-member internal team was set […]