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Author Archive ‘ Vijayakumar Pitchiah ’

Jacques van den Broek, CEO, Randstad

Randstad to acquire job portal Monster.com for $429 mn

Dutch human resources services provider Randstad Holding NV has agreed to acquire US-based job portal Monster Worldwide Inc for $429 million in cash. Monster will continue to function as an independent entity and a separate brand under Randstad, the companies said in a statement. “Monster is a nat...

9 August, 2016 | More »

Growth_free

HT Media’s Q1 digital business revenue climbs 25%, loss shrinks

HT Media Ltd, the publisher of Hindustan Times and Mint newspapers and related websites, on Friday reported higher revenue and a narrower loss from its digital business for the first quarter of the financial year 2016-17. Consolidated revenue from the digital business rose 25% to Rs 38.2 crore in th...

5 August, 2016 | More »

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Sequoia India-backed Indonesian on-demand services platform Go-Jek raises $550 mn

Jakarta-based PT Go-Jek Indonesia, which runs personal transportation and hyperlocal shopping app Go-Jek, has secured $550 million in funding from a clutch of investors that include investment firms KKR, Warburg Pincus, Farallon Capital and Capital Group Private Markets. Existing investors Sequoia I...

4 August, 2016 | More »

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Infosys invests $4 mn in Israeli SaaS startup Cloudyn

Infosys Ltd has invested $4 million (Rs 26.8 crore) in Israel-based cloud monitoring solutions startup Cloudyn Software Ltd, as India’s second-largest software services firm continues to bet on companies working on new technologies. The transaction will be completed this month, Infosys said in a s...

3 August, 2016 | More »

Uber_free2

Uber-Didi-Ola: A tangled web of shareholding

The merger of UberChina and Didi Chuxing is likely to lead to a tricky relationship among the two companies and Indian cab aggregator Ola. This is because the transaction would give Uber Technologies Inc. a considerable 17.7% stake in Didi Chuxing, according to various media reports. The complicatio...

2 August, 2016 | More »

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Snapdeal opens six logistics hubs to ramp up delivery infrastructure

E-commerce marketplace Snapdeal has opened six logistics centres to ramp up its delivery infrastructure and help sellers manage orders and inventory. The new centres will add an additional one million square feet to its warehousing infrastructure, Snapdeal said in a statement. The move comes barely ...

2 August, 2016 | More »

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What UberChina’s merger with Didi Chuxing means for India

Uber Technologies Inc.’s decision to exit China after selling its local ride-hailing business to rival Didi Chuxing will make life easier for the two companies but it makes things a bit complicated for India’s largest cab aggregator—Ola. For, San Francisco-based Uber will now have greater room...

1 August, 2016 | More »

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Chinese ride-hailing firm Didi Chuxing to acquire Uber’s local business

Uber Technologies Inc., the ride-sharing company with a reputation of slugging it out with rivals and regulators to capture market share, is giving up in China after agreeing to sell its local business to homegrown firm Didi Chuxing. The deal will end the most watched rivalry in the global cab-haili...

1 August, 2016 | More »

abudhabi

Exclusive: On-demand laundry startup HelloDhobi gets angel funding from Swastika Company

Pune-based HelloDhobi Dry-Cleaners Pvt. Ltd, which operates on-demand laundry startup HelloDhobi, has raised an undisclosed amount in angel funding from Hong Kong-based investment firm Swastika Company Ltd and some Mumbai-based affluent individuals, a top company executive told TechCircle. Arman Ver...

29 July, 2016 | More »

Snapdeal_fe

Snapdeal expands services play with Uber in-app integration

E-commerce marketplace Snapdeal has launched an in-app integration feature that will allow its users to hail an Uber cab from its mobile app without having to download and install the Uber app. The new feature is currently available for Android versions 4.0 and above. It will soon be rolled out for ...

28 July, 2016 | More »