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Author Archive ‘ Manu P Toms ’

Flipkart has no plans to cut jobs, says COO Nitin Seth

Friday, February 17, 2017 | More »

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Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter ...

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Delhi High Court orders probe into alleged fraud at AskMe

The Delhi High Court, while appointing a provisional liquidator for Getit Infoservices Pvt. Ltd earlier this month, also directed the Serious Fraud Investigation Office (SFIO) to probe allegations of misappropriation of funds and company assets. Getit, which ran e-commerce marketplace AskMe.com and ...

15 February, 2017 | More »

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Exclusive: Uber to take on Ola Shuttle soon with bus, van ride-sharing

Notwithstanding its constant denial, Uber is moving fast on introducing ride-sharing on vans and buses in India, with a likely launch of the service within three months, according to two persons in the industry briefed on the matter. San Francisco-based Uber, the world’s most valued startup, is th...

7 February, 2017 | More »

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Storm in Bombay House over, Ratan Tata to resume startup investing soon

Tata Sons interim chairman Ratan Tata has said he would go back to investing in startups this month after handing over the reins of the Tata group to N Chandrasekaran, managing director and chief executive of Tata Consultancy Services (TCS), who will formally take over on 23 February. After retiring...

7 February, 2017 | More »

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Uber hires former Tata Sons exec Madhu Kannan to drive India business

Ride-hailing firm Uber Technologies Inc said on Thursday it has appointed Madhu Kannan as its chief business officer for India and emerging markets with effect from 3 February. Kannan will be responsible for growing Uber’s business in India and new emerging markets in the Asia Pacific region throu...

2 February, 2017 | More »

Ola

Exclusive: Ola in the midst of top level churn

Homegrown cab-hailing operator Ola is likely to witness two top-level exits soon. According to multiple people aware of the development, Ola’s chief marketing officer (CMO) Raghuvesh Sarup and chief financial officer (CFO) Rajiv Bansal may leave the company. When Techcircle reached out to Ola ...

1 February, 2017 | More »

Sachin Maheshwari and Amiya Pathak, Cofounders of EzCred

Exclusive: Former Zephyr Peacock MD, ZipDial’s Pathak launch fin-tech startup

Former Zephyr Peacock India managing director Sachin Maheshwari and ZipDial co-founder Amiya Pathak have joined hands to launch EzCred, a fin-tech startup that will focus on consumer lending. Maheshwari and Pathak told Techcircle that they have been working together since last year and the platform ...

31 January, 2017 | More »

Travelyaari

Exclusive: Travelyaari’s Rao joins hands with former Ventureast exec to back startups

A co-founder of travel portal Travelyaari and a former executive at venture capital firm Ventureast are set to launch a seed fund to invest in tech startups, people aware of the matter said. The domestic fund to be floated by Arjun Rao, who quit Travelyaari in 2015, and Vishesh Rajaram will have ini...

24 January, 2017 | More »

Vishal Kaul

Ola names Pepsi veteran Vishal Kaul COO

Cab-hailing service Ola said on Monday it has appointed Vishal Kaul as chief operating officer in place of Pranay Jivrajka, who has been named a founding partner. Kaul is an 18-year veteran at beverages giant PepsiCo Inc, where he was most recently general manager at Pepsico Foods for Thailand, Myan...

23 January, 2017 | More »

Krishna Kumar

Exclusive: Simplilearn to raise $40 mn this year for acquisitions, expansion

Online certification course provider Simplilearn is planning to raise $30-40 million in Series D funding in the first half of this year, its founder and CEO Krishna Kumar told Techcircle. Simplilearn Solutions Pvt Ltd, which has so far raised $28 million from venture capital firms, last raised equit...

18 January, 2017 | More »

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