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Author Archive ‘ Dearton Thomas Hector ’

Exclusive: Amazon elevates India head Amit Agarwal

Thursday, March 16, 2017 | More »

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US-based Amazon.com, Inc. has elevated India chief Amit Agarwal to senior vice president (SVP), making him one of the few SVPs at the e-tailing giant globally, a person familiar with the development told VCCircle. The meatier role is a likely reward for Agarwal’s successful efforts in building...

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Stayzilla’s Vasupal files bail plea; startup world rallies behind him

Chennai-based homestay aggregator Stayzilla’s co-founder and chief executive Yogendra Vasupal, who was arrested on charges of defrauding a vendor, has filed for bail before Chennai’s Special Metropolitan Magistrate. Vasupal is currently at Chennai’s Puzhal Central Prison. Vasupal was arres...

16 March, 2017 | More »

Tolexo

Online business goods marketplace Tolexo shuts down retail B2B wing

Noida-based IndiaMART InterMESH Ltd is shutting down the retail B2B wing of its online business goods marketplace Tolexo due to flagging sales and underperformance following the government’s demonetisation move, Dinesh Agarwal, the company’s founder and chief executive, told VCCircle. Ag...

16 March, 2017 | More »

Stayzilla’s co-founder Yogendra Vasupal

Stayzilla co-founder Vasupal arrested on vendor’s complaint

Yogendra Vasupal, the co-founder and chief executive of Chennai-based homestay booking startup Stayzilla, has been arrested by the police on allegations of non-payment of dues by an advertising agency the company worked with. The development comes barely weeks after Stayzilla shut down its operation...

15 March, 2017 | More »

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Existing investor Blume Ventures criticises BHIVE co-founder over funding controversy

Karthik Reddy, co-founder and managing director of early-stage venture capital firm Blume Ventures, has questioned Shesh Rao Paplikar, co-founder and chief executive of coworking space startup BHIVE, for going public over a funding controversy involving a well-known VC firm. Blume Ventures is an exi...

14 March, 2017 | More »

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BHIVE funding fiasco – Are there any lessons for startup entrepreneurs?

The road outside the BHIVE Workspace office was teeming with cricket fans at around 4 pm on 7 March as they waited excitedly for the return of the Indian team to The Ritz-Carlton Hotel, where it was staying, after a win against Australia in a test match. The mood inside the BHIVE office was in [&hel...

10 March, 2017 | More »

Stayzilla’s co-founder Yogendra Vasupal

Will never chase growth over unit economics ever again: Stayzilla’s Vasupal

Yogendra Vasupal co-founded online homestay aggregator Stayzilla along with Sachit Sanghi in 2005. Stayzilla, operated by Chennai-based Inasra Technologies Pvt. Ltd, catered to both budget customers and luxury travellers. It raised about $30 million from investors including Nexus Venture Partners an...

3 March, 2017 | More »

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Sequoia-backed KredX acquires New York-based Hummingbill

Bangalore-based Minions Ventures Pvt. Ltd, which runs invoice discounting platform KredX, has acquired New York-headquartered accounts receivable software startup Hummingbill for an undisclosed sum, the company said in a press statement on Thursday. KredX said the acquisition will help it enhance it...

2 March, 2017 | More »

VCCircle Awards 2017

Practo is consumer internet company of the year: VCCircle Awards

Online healthcare platform Practo Technologies Pvt. Ltd has bagged the News Corp VCCircle consumer internet company of the year award for a disruptive business model that has gone beyond its consumer play into the enterprise space. The winner was decided by an eminent jury chaired by Arun Duggal, ch...

2 March, 2017 | More »

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Uber fires Amit Singhal for not disclosing sexual harassment charge at Google

US-based Uber Technologies Inc. has asked senior vice president of engineering Amit Singhal to resign from the company for reportedly failing to disclose a sexual harassment allegation at his previous organisation Google. Uber’s co-founder and chief executive Travis Kalanick asked Singhal to leave...

28 February, 2017 | More »

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