This post has been updated to include ScoopWhoop’s official statement on allegation against its co-founder: “The company is adhering to the rules and regulations set forth by the Hon. Supreme Court of India and the law of the land against sexual harassment at workplace and the investigation is ongoing. As an FIR has also been…
Getting people to work for you and be the emperor if a kingdom seem like amazing jobs. But do you really think it is like a cake-walk. Trust me! This is not discouraging you to pursue any of your dreams, nor do we intend to make you any less of a person than you already…
Bengaluru: India’s largest online retailer Flipkart has closed a mammoth funding round of $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp., in the biggest-ever start-up funding round that both boosts Flipkart ability to compete with arch-rival Amazon India and takes the company a step closer to presenting itself (to investors and customers)…
NEW DELHI: Indian ride-hailing firm Ola, backed by Japan’s Softbank Group, is preparing for a large-scale rollout of electric vehicles by next year even as it runs trials on the viability of the business model, chief executive Bhavish Aggarwal said. Ola will pilot a few thousand electric vehicles in several Indian cities this year and,…
Mumbai-based brand licensing startup Black White Orange Brands Pvt Ltd has raised funding from Yuvraj Singh’s YouWeCan Ventures. Black White Orange will build licensing solutions for brands across sports, entertainment, and lifestyle. The startup will also create and manage YouWeCan merchandise as part of the strategic partnership. “At Black White Orange, we are also planning…
After two unsuccessful attempts in the lower courts, Yogendra Vasupal, the jailed co-founder of home stay aggregator StayZilla, has moved the Madras High Court for bail in the alleged cheating case filed by a Chennai-based advertising agency. After two unsuccessful attempts in the lower courts, Yogendra Vasupal, the jailed co-founder of home stay aggregator StayZilla,…
Makoto Takano, former managing director of investment firm PIMCO Japan Ltd, has committed to invest about $4.6 million (Rs 30 crore) in Indian startups. Takano will make the investments through Gurgaon-based GHV (Green House Ventures) Accelerator’s early-stage investment programme, the accelerator said. Takano is already on the board of GHV Accelerator through his association with…
Bengaluru/New Delhi: A rift between investors on the board of directors of online marketplace Snapdeal has led to the company missing out on at least two desperately needed funding offers over the past six months, said three people familiar with the matter. The clash is between early and powerful Snapdeal investors Kalaari Capital and Nexus…
Bangalore-based ANI Technologies Pvt. Ltd, which runs cab-hailing app Ola, is in talks to raise fresh funding of Rs 650 crore (about $100 million) led by RNT Capital Advisers, a venture investment platform floated by Tata Sons chairman emeritus Ratan Tata. Existing investor Falcon Edge Capital will also invest in the round, a financial daily…
Aeries Financial Technologies Pvt. Ltd, which operates personal loan app CASHe, has raised Rs 25 crore ($3.8 million) in Series A funding led by Mathew Cyriac, former India co-head of private equity at Blackstone Group LP, media reports said on Saturday. Cyriac invested both in his personal capacity as well as through Florintree Advisors, the…