Blog Page - Blogs
- Shekhar ChsExpert +07:07 pm 27 February 2017
Ola the online cab aggregator, has raised USD 350 million from a clutch of investors lead by Softbank reports The Financial Express.
The latest round of funding of $300 million plus has been led by Softbank and also includes other existing investors, according to sources. Ola has been in the market for raising fresh round of funding over the last six months at a valuation of $5 billion.
According to Ola’s latest profit and loss details, the cab aggregator poRead More
- Abhinav MishraExpert +05:28 pm 24 January 2017
When you go to a new restaurant or to a car/bike service station or buy a new phone, you are eager to share your experience with your friends and family in both the possible scenarios – if the experience is good you would like your closed ones to experience it, on the other hand if experience is not good then also you would like to tell them so they don’t go for it.
People have always been sharing their experiences; the difference that has come recently is the ease of doing it. Now sharing your experience just takes a minute and it reaches not one or two people but thousands of people who could beRead More
- Abhinav MishraExpert +06:11 pm 18 January 2017
Over years people have related Start-up’s success rate with age of its founders. This mindset has changed somewhat in the past few years because of success of some start-ups whose CEOs are under 30. Though experience is key driver for entrepreneurship but it is not a mandatory one. The CEO of 4 biggest companies today were all under 30 when they started their journey - Facebook (20), Microsoft (20), Apple (21), Google (25). Here are successful and young CEOs from India –
- Pooja PanditExpert +04:26 pm 15 December 2016
A Flipkart delivery man was killed by a gym trainer to get hold of the smartphone parcel he ordered without paying money in Bengaluru, reported NDTV. The 29-year-old man’s body, throat slit, was found in a life shaft.
“Varun Kumar, a 22-year-old gym trainer, has been arrested for murder.”
According to the police, Swamy was brutally murdered as K Varun Kumar, a gym-trainer by profession, did not have the money to pay for a Chinese phone he had ordered.Read More
When swamy didn't return home for two days, his family filed a missing report, and the police tacked down his last delivery point – the gym.
Following the murder of the employee, Flipkart r
- Pooja PanditExpert +02:16 pm 12 December 2016
- Pooja PanditExpert +07:12 pm 10 December 2016
Delivery Hero which is valued at $3.1 billion, aquired foodpanda. The acquisition of foodpanda will be funded through the issuance of new shares in Delivery Hero to existing foodpanda shareholders.
Delivery Hero says foodpanda will enable it to consolidate its market leadership position in the Middle East.
foodpanda will add 20 new countries in Eastern Europe, MENA and Asia to Delivery Hero’s platform. It currently processes approximately 2 million monthly orders across the 22 countries it operates in.
Delivery Hero competes with Deliveroo, Uber Eats and Amazon worldwide.
Speaking over the addition of Foodpanda to their business, Niklas Östberg, CEO of Delivery Hero, says
"Foodpanda has built a fantastic position and service offeri
- 40Rajath BhatShekhar Chspradeep shettyKUMARA K R
- Shekhar ChsExpert +01:11 pm 23 September 2016
Apple is on a machine learning company buying spree. After buying Perceptio at the end of 2015 and Turi just a few months ago, Apple has now acquired an India/US-based machine learning team, Tuplejump.
“Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans,” Apple spokesman Colin Johnson said.
Artificial intelligence has become a key investment field for tech giants as Google, Facebook Inc. and Amazon.com Inc. compete with Apple to develop virtual assistants. The Tuplejump deal is Apple’s third acquisition in the industry this year, after the iPhone maker bought Seattle-based Turi Inc. for $200 million and purchasedRead More
- Shekhar ChsExpert +11:02 am 21 September 2016
Online furniture and home decor marketplace Pepperfry has raised Rs 210 crore as part of a new round of funding from existing investors Goldman Sachs, Norwest Venture Partners, Bertelsmann India Investments and Zodius Technology Fund.
The funds will mainly be used for expanding its horizon to 1000 cities by next 2 years.
Pepperfry was valued at over Rs 1,800 crore or $280 million when it raised $100 million in July 2015. Pepperfry, which clocked gross sales of Rs 1,0Read More
- Pooja PanditExpert +04:46 pm 20 September 2016
On-demand laundry services startup DoorMint has called it a day. The Mumbai-based startup — which began its journey from Powai and expanded to Gurgaon and Bengaluru to become a trustworthy name in the online laundry space — has succumbed to the financial pressures of processing clothes.
In an email to DoorMint community, DoorMint Co-founder and Chief Executive Abhinav Agarwal wrote, “A truly scalable and profitable business model in laundry as an online-enabled business for mass consumption eluded us till the end. The costs of processing clothes, pick up and drop logistics and packaging made it difficult to recover through prices.”
“We are proud of what we have accomRead More
- Pooja PanditExpert +11:45 am 20 September 2016
Milofy offers a social platform for enabling couples and activity providers to meet, plan and participate in activities. Milofy is currently operational in Newyork and Bangalore.
Milofy was founded in December 2015 by Arshya Lakshman, a graduate of University of Strathclyde, who had earlier worked with Kalaari Capital.
Milofy is an exclusive platform for couples to socialize with other like-minded couples, enjoy cool activities, and create memories for lifetime. It is conceptualized and created by an enthusiast and sociophile entrepreneur, who herself felt the need for such a platform after relocating to a new city when she needed couRead More