29th February, 2016. Bangalore, India: Unitus Seed Fund, India’s most active seed fund supporting startups innovating for the masses, announced its investment in DriveU, a firm that aggregates on-demand drivers for private car owners in India. If Uber and Ola have changed the way people travel in urban India, there has been another creeping gap […]
It’s raining discounts on anything and everything you can buy at Paytm. What started out as an online mobile recharge site has transformed into a mobile retail marketplace. Add to it the Paytm wallet and the company offers a complete package to its users. INCORPORATED IN 2000 REVENUE FY 14-15 INR 337 CR LOSS FY 14-15 INR […]
On Tuesday, Ant Financial, Alibaba’s financial service affiliate, released its 2015 Alipay consumer spending report. Alipay is a business operated by Ant Financial and China’s largest third-party online payment service provider. This annual report sheds light on the online consumption behavior of Chinese people and the penetration of mobile internet in China. 1. Shanghai […]
Facebook Inc’s Messenger app surpassed 800 million users, the company said on Thursday, making it the fastest-growing app of 2015 according to research firm Nielsen. The means Messenger, which Facebook created as a standalone app in 2014, has more active monthly users than rivals Snapchat and Viber, but still lags the 900 million using WhatsApp, […]
With greater possessions and a good rank comes greater responsibilities. It need not to be reminded how some of the extraordinary Indians have made many globally scaled headlines. Be it our Prime Minister Mr. Narendra Modi or Sundar Pichai who proved his worth by becoming the CEO of Google or his ex-colleague Nikesh Arora, President […]
American Multinational corporation, Automaker General Motors or popularly known as GM has decided to invest a sum of $500 million in Lyft Inc. a ride-sharing service provider alliancing with it to create a network of On-demand Self-Driving cars. Lyft is one of the biggest ride-hailing companies which is fastest growing rideshare company in US and […]
About Parth Patel and the reason behind this idea? Hi, I’m Parth Patel, co-founder of Zupp – an intra-city carpooling mobile app for daily office commute. In 2011, after graduating from IIT Delhi, I joined EY in Mumbai. Since I was accustomed to a hassle-free campus life, the menace of daily commute in Mumbai caught […]
A fall in tech valuations may send U.S. and Chinese unicorns running in different directions. Several private Silicon Valley firms worth $1 billion or more have taken valuation hits once they are in the public eye. The same may be happening to one-horned beasts in the People’s Republic, only in private. Take Jack Dorsey’s U.S. online […]
Online skills assessment company Aspiring Minds has acquired online and mobile internship platform, Letsintern, for an undisclosed amount in an all-cash deal. “The constant feedback we got from organisations was that people need practical knowledge and training,” said Himanshu Aggarwal, CEO of Aspiring Minds, who cofounded the company with Varun Aggarwal in 2008. “Internship has […]
“Why own a car, when you have a taxi at your doorstep?” has emerged as a trending concept in India. India is witnessing a revolutionary change in urban road passenger conveyance – from traditional horse carriages of only a few decades earlier to modern-day fleet cabs, radio taxis and rental cars. The industry, very new […]
It’s late morning on a Thursday in September, and Slack Technologies CEO Stewart Butterfield has convened a meeting with his design and product heads in the company’s low-key San Francisco headquarters. On the agenda is the question that’s been most on Butterfield’s mind lately: how his $US2.8 billion ($3.9 billion) start-up, which makes business-collaboration software, […]
In a bid to control the alarming levels of Delhi’s air pollution, CM Arvind Kejriwal has planned to allow private vehicles with even and odd registration numbers on alternate days from January 1 next year. This step, however odd it may sound, can get really beneficial for bus aggregation startups like Shuttl and ZipGo, who […]