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Author Archive ‘ Manu P Toms ’

Abhimanyu Rawal

Exclusive: Ola’s head of luxury cab business quits

It turns out that Ola’s head of new initiatives Sundeep Sahni’s wasn’t the only senior-level exit from the company last week. Abhimanyu Rawal, head of Ola’s luxury cab category, also left the taxi aggregator last week and joined a US retail firm, he told TechCircle. TechCircle fi...

2 January, 2017 | More »

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Exclusive: Sundeep Sahni quits as Ola’s head of new initiatives

Cab hailing service Ola’s vice president new initiatives Sundeep Sahni has quit the company, two people with direct knowledge of the development told Techcircle. Sahni, a former MD and co-founder of Rocket Internet-incubated e-commerce marketplace Lazada Indonesia, is quitting Ola a year-and-a-hal...

29 December, 2016 | More »

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Layoffs at Indian Internet businesses touch 10,000

Since August 2015, when the first signs of a funding slowdown emerged in the Indian startup ecosystem, around 10,000 people, who have been part of domestic internet firms, have lost jobs, according to a Techcircle analysis. While vulnerability of jobs at startups is not unusual, Indian internet busi...

21 December, 2016 | More »

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Self-drive car rental firm Zoomcar tops up Series B round

Self-drive car rental startup Zoomcar has raised an undisclosed amount of investment from Chinese venture capital firm Cyber Carrier CL, expanding its Series B round. Zoomcar Inc. had raised $24 million from Ford Smart Mobility LLC and existing investors Sequoia Capital, Empire Angels, OurCrowd and ...

20 December, 2016 | More »

bansal_lead

Another exit at Flipkart; Sachin Bansal’s chief of staff Satyam Bansal joins Hotstar

In the midst of a flurry of exits from Flipkart comes the news of departure of Satyam Bansal, who was chairman Sachin Bansal’s chief of staff. A former director of digital marketing and alliances at the company, Satyam has joined digital video streaming company Hotstar as senior vice president, pa...

13 December, 2016 | More »

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Astro approaches court for winding up AskMe

Malaysian telecom and media conglomerate Astro Entertainment Network Ltd (AENL), which is the majority investor in the now defunct ecommerce company AskMe.com, has approached the Delhi High Court seeking the wind-up of the firm. The court is expected to hear the petition soon. Astro’s petition for...

12 December, 2016 | More »

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Paytm to be one of the final two marketplaces, says Vijay Shekhar Sharma

Vijay Shekhar Sharma, the founder of Paytm, has risen to the occasion to make the most of the demonetization and the cashless economy push initiated by Narendra Modi government. Full-page advertisements in popular dailies, TV commercials, outdoor as well as ambience campaigns across consumer touch-p...

9 December, 2016 | More »

startup

Why Baidu is cautious about investing in Indian startups

Chinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet p...

8 December, 2016 | More »

manu-copy_fe

For this startup making cars greener is a billion-dollar dream

Hybrid cars have so far made little impact in bringing down vehicular emission. The ever-increasing vehicular emission accentuates the climate challenge to the point that it threatens the human existence while automotive world has by far made only some reluctant steps to address this problem. The gl...

7 December, 2016 | More »

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Former Astro nominee on AskMe board seeks anticipatory bail on seller complaint

In an unprecedented occurrence in the Indian ecommerce industry, the executives who represented the investor on the board of a company are caught in legal trouble following the collapse of the business run by the firm. A seller has initiated legal proceedings against the executives who represented M...

30 November, 2016 | More »