The Indian School of Business (ISB) and SAP Labs India have entered into a collaboration to nurture technology-based startups in the social space, focusing on ventures which are working in areas that have relevance to national priorities. According to a statement issued by the ISB, titled Jumpstart Social Enterprise Accelerator, the programme aims to identify […]
US-based cab aggregator Uber today said it will roll out an insurance programme for over 4.5 lakh of its driver-partners in India in partnership with ICICI Lombard General Insurance. The programme, which will go live from September 1, will be extended for free to driver-partners aged 18-65 years. Uber currently has a similar offerings in […]
Myntra co-founder Mukesh Bansal and former Flipkart executive Ankit Nagori’s health and fitness platform CureFit, has raised a fresh round of funding of $25 million from existing investors Accel Partners, Kalaari Capital, IDG Ventures and UC-RNT fund, a joint investment vehicle of the University of California and Ratan Tata’s RNT Associates. The new round expects to […]
Uber Technologies Inc on Sunday chose Dara Khosrowshahi, the chief executive of travel company Expedia Inc, as its chief executive, according to two sources with knowledge of the matter, handing him the challenge of leading the ride-services company out of a nearly year-long crisis. Khosrowshahi, 48, would take on the daunting task of mending Uber’s […]
Bangalore, Karnataka, India- Amidst increasing digital payments preference and awareness amongst consumers, FreeCharge today announced that the number of transactions on its platform has crossed 500 million, with the value of these transactions exceeding USD 1.2 billion. Mobile recharges remain the biggest component of the transactions done on FreeCharge. Apart from recharges, nearly 20% of […]
AFP- McDonald’s apologized Thursday after it briefly posted on Twitter a blast criticizing President Donald Trump, which the company blamed on a hack from an external source. They quickly deleted the tweet and offered an uncharitable appraisal of Trump, saying, “You are actually a disgusting excuse of a President and we would love to have […]
Shadowfax, one of India’s largest express delivery platform has raised $10 million (Rs 68 crore) in Series B funding led by existing investor Eight Roads Ventures, an investment arm of Fidelity International Ltd. The investment will use to build its network, consolidate its market position and stabilise performance in existing cities, Eight Roads said in […]
Aramex, a leading global provider of comprehensive logistics and transportation solutions has recently invested in last mile mobile-based companies Grab.in and Logisure to strengthen its last-mile delivery service in the category of e-commerce in India. The company has committed to invest Rs 20 crore in Zomato backed last-mile delivery company Grab a Grub, which does on-demand hyperlocal deliveries as well as first […]
Domino’s Pizza in India is dominating the market. With a 70% share of the pizza market and 16% share of the total QSR (Quick Serve Restaurants) market they are clearly in first place. India’s QSR market may reach Rs 25k in the next 5 years. Studying how Domino’s has internationalized for the India is an MBA case study […]
Ride-hailing companies Uber and Didi have brought many new dimensions to the startup industry, such as making billion-dollar-plus funding rounds routine. Now, they have added another to the list: sharing big investors who are backing both companies, even though they are fierce rivals. Uber, the leading ride service in the United States and much of […]
NearU App, an Online to Offline (O2O) App Signs up 6000 Retailers in 6 Months Including Marquee Brands, Empowering Them to Push Deals to Their Target Customers, Anytime, Anywhere. The Indian Retail Industry today comprises of 7.5% organized retail, 92% unorganized retail and a meager 0.50% of e-tail. This clearly reflects the scope of tapping […]
The quick service restaurants (QSR) sector in India is currently growing at a compounded annual growth rate (CAGR) of 25 percent and is likely to touch Rs 25,000 crore mark by 2020 from the current level of Rs 8,500, according to an analysis by apex industry body “Entry of various national and international players […]