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Author Archive ‘ Binu Paul ’

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Top-level exits continue at Ola as another senior exec quits

The exodus of key personnel at cab-hailing firm Ola shows no signs of stopping, with another top-level resignation coming to the fore. Chief operating officer of offline initiatives, Anuj Bhargava, who was instrumental to some of Ola’s recent initiatives like Ola Play, has resigned, a company spok...

13 February, 2017 | More »

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Med-tech startup SigTuple raises $5.8 mn from Accel, IDG Ventures, others

Medical-technology startup SigTuple Technologies Pvt. Ltd has raised $5.8 million (around Rs 38.8 crore) in a Series A funding round led by Accel Partners with participation from IDG Ventures, Endiya Partners, pi Ventures, VH Capital and Axilor Partners. A number of angel investors, including Flipka...

13 February, 2017 | More »

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Two more senior execs leave Flipkart

India’s largest e-commerce marketplace Flipkart has suffered another bout of senior-level exits at its engineering team, a national daily reported on Friday. Citing unnamed people aware of the development, The Times of India reported that Ashish Gupta, vice president, engineering, and Ashish Vikra...

10 February, 2017 | More »

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Uber, Ola drivers go on strike in Delhi; demand better incentives

Just as app-based taxi drivers’ agitation over falling incomes is fast spreading to more Indian cities, drivers of cab-hailing companies Uber and Ola started an indefinite strike in the national capital from Friday to protest against the unfriendly policies of their employers. The protest comes we...

10 February, 2017 | More »

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Snapdeal loses yet another long-timer as Grabbon co-founder Tony Navin quits

Tony Navin, Snapdeal’s head of partnerships and strategic initiatives and one of its oldest employees, has quit the company, a national daily reported on Thursday. Navin’s exit comes just three days after the home-grown e-commerce company’s head of corporate development Abhishek Kumar and ...

10 February, 2017 | More »

Participants at Amrita TBI PitchFest 2017

Meet the five startups selected by Amrita University’s incubator

Coimbatore-based Amrita University’s Technology Business Incubator (TBI) has chosen five startups from its annual PitchFest programme for seed investment. TBI will invest a total of $350,000 in these startups, the university said in a press statement. The PitchFest is conducted every year to find ...

9 February, 2017 | More »

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Wooplr gets $8 mn in Series B round from Sistema Asia Fund, others

Wooplr Technologies Pvt. Ltd, which runs an eponymous fashion discovery platform for women, has raised $8 million (around Rs 53.6 crore) in a Series B round of funding from Sistema Asia Fund (SAF), a proprietary fund of Russian conglomerate Sistema JSFC, it said in a statement. The round also saw pa...

9 February, 2017 | More »

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Nasscom’s IoT centre ties up with Revvx for startup accelerator

IT industry body Nasscom’s Centre for Excellence for Internet of Things has tied up with Bangalore-based hardware accelerator Revvx to launch an accelerator that will focus on startups in areas such as IoT, smart gadgets and artificial intelligence. As part of the alliance Revvx will move its ...

8 February, 2017 | More »

Prime Video

Amazon bets big on Prime Video, invests over $75 mn in India so far

US-based ecommerce giant Amazon Inc has invested about Rs 500 crore (around $75 million) on its video streaming service Amazon Prime Video in India so far. Launched in December last year, the company has committed about one-fourth of its Rs 2,000 crore India budget to partner with local production h...

8 February, 2017 | More »

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Lingerie e-tailer Clovia’s net sales grow 61%, losses widen five-fold in FY16

Delhi-based Purple Panda Fashions Pvt Ltd, which runs online-first lingerie and sleepwear brand Clovia, registered a 61% increase in net sales for financial year ended March 2016 even as net losses widened five-fold. According to data sourced from the Registrar of Companies (RoC) by VCCEdge, the res...

6 February, 2017 | More »