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Author Archive ‘ Binu Paul ’

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Three senior execs step down from Urban Ladder

Three senior employees have resigned from furniture e-tailer Urban Ladder since October last year, marking yet another episode of top-level attrition at the country’s e-commerce firms. Vice president of products and design Kartikeya Misra, director of brand management Vishwanath V, and directo...

21 February, 2017 | More »

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Zoomcar co-founder David Back to drive strategy at Idein Ventures

Early-stage venture capital firm Idein Ventures has hired David Back, co-founder of self-drive car rental startup Zoomcar, as entrepreneur-in-residence. Back will advise Idein and its portfolio companies on strategy, growth, hiring, compensation, legal structure, customer acquisition, monetisation a...

20 February, 2017 | More »

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Is Flipkart clawing back in the game against Amazon?

In early signs of a reversal in fortunes, Flipkart has outrun rival Amazon India in gross sales in two consecutive months, after trouncing the US-based ecommerce company with its Big Billion Day sales in October. The Indian ecommerce giant recently witnessed a top-level management rejig. Citing four...

17 February, 2017 | More »

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Ola, Uber drivers go on strike in Bangalore as talks fail; one attempts suicide

As the latest round of talks between driver representatives and cab-aggregators failed, drivers associated with taxi-hailing companies Ola and Uber have launched a fresh round of agitation in Bangalore. One of the protesters attempted suicide outside Ola office by consuming poison. He has been rushe...

16 February, 2017 | More »

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Amazon plans to launch brick-and-mortar food outlets in India

Ecommerce major Amazon has sought the Indian government’s approval to open food-only physical outlets combined with an online platform to sell locally produced food items. Citing a person who saw the application submitted to the government by Amazon Corporate Holding Pvt. Ltd, The Economic Times r...

16 February, 2017 | More »

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Exclusive: Drone management platform AirZaar raises $350K seed funding

Drone operations management platform AirZaar has raised $350,000 in seed funding led by New York-based VC firm Quake Capital. Missouri Technology Corporation, a public-private partnership that provides seed money for tech startups, and a few other strategic angel investors also participated in the r...

15 February, 2017 | More »

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Ola, Uber services affected as drivers go on strike in Bangalore

Taxi-hailing services of Ola and Uber have been partially affected by a strike called by various unions protesting a recent hike in driving licence and other fees by the Regional Transport Office (RTO), apart from the flexible fare structure followed by cab aggregators and falling incomes of driver...

15 February, 2017 | More »

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V-Day deal: Dating app Aisle raises fresh funding from CIO Angel Network

Bangalore-based startup Aisle Network Pvt. Ltd, which runs matchmaking app Aisle, has raised an undisclosed amount in fresh funding from CIO Angel Network. Konglo Ventures, White Unicorn Ventures and LetsVenture also participated in the round. The funding was led by Anthony Thomas, former CIO of Vod...

14 February, 2017 | More »

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Queue management app Sminq acquires software service provider CodePandora

Pune-based Sminq India Solutions Pvt. Ltd, which runs queue management app Sminq, has acquired Codepandora, a UX-focused software service provider, in a cash-and-equity deal. The CodePandora team has joined Sminq and all its members will be part of the stock rewards programme at Sminq, the company s...

14 February, 2017 | More »

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Cab drivers protest outside Ola offices in Delhi

The agitation by Uber and Ola drivers demanding better incentives got out of control in the national capital on Monday, with protesters gathering around Ola’s offices in the city. A person aware of the development told Techcircle that after protests flared up at one of its offices, the cab-hai...

13 February, 2017 | More »