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Ola, Uber launch initiatives to meet taxi supply gap

Taxi aggregators, Ola and Uber have been adopting different models in their bid to meet the demand- supply gap. As Bengaluru based Ola takes to leasing of cars, San Francisco headquartered Uber, is continuing with a peer-to-peer model to respond to the growing demand. Through its leasing programme, ...

19 September, 2016 | More »

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Uber rival Lyft plans driverless cabs

Lyft, America’s second-largest ride-hailing service after Uber, expects self-driving cars to account for a majority of its rides within five years, co-founder and president John Zimmer said. Zimmer told TIME in an interview he expects car ownership will “all but end” in major US cities in less...

19 September, 2016 | More »

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Exclusive: Couple socialising app Milofy gets Accel’s backing

Couple socialising app Milofy, run by Bangalore-based Futuron Systems Pvt. Ltd, has raised $740,000 (Rs5 crore) in seed funding from investment firm Accel Partners, according to two persons familiar with the development. The investment marks Accel Patners’ first investment in a social networking...

19 September, 2016 | More »

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News aggregator app NewsDistill raises $100K in seed funding

NewsDistill, a city-based news aggregator app has raised USD 100,000 in seed funding from a group of investors including Ganesh Narasimhan, Ramana Thumu, and Sudhir Mallem. NewsDistill today said in a statement that it is likely to raise another USD 100,000 from other investors in the next couple of...

16 September, 2016 | More »

Vishal Kumar BM

Exclusive: Bike taxi startup Hey Bob shuts down

Hey Bob, Bengaluru’s first bike taxi startup, has shut down after failing to raise fresh funding. “Yes, it has shut down,” co-founder Vishal Kumar BM told TechCircle on Thursday. “We have not made a formal announcement yet. We met our investors and we had a long chat and we decided to move o...

15 September, 2016 | More »

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Uber ties up with Maruti; to create 1 mn jobs by 2018

Uber is leaving no stones unturned to beat Ola in the highly competitive ride-hailing industry. The US taxi services major, in a new initiative, has tied up with Maruti Suzuki India Ltd and National Skill Development Corporation (NSDC) to create 1 million jobs by 2018. The programme, UberShaan, will...

15 September, 2016 | More »

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After Google, now Uber tests driverless cars in US

The race for technological supremacy is heating up the tarmac as Uber Technologies Inc, which runs cab-hailing app Uber, has started testing driverless cars in Pittsburgh in the US, jumping ahead of Silicon Valley rivals and US car giants. In an audacious experiment, it has deployed a fleet of drive...

15 September, 2016 | More »

Raghav Gupta

BlaBlaCar to start monetisation in 2017, says country head Raghav Gupta

Last year, BlaBlaCar, a global long distance ride sharing service, entered India, after noticing how commute exhausted Indians were constantly looking out for ways to make their travel convenient. The eager adoption of cab hailing services like Uber and Ola was a good starting point for the French f...

14 September, 2016 | More »

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Quikr acquires on-demand beauty services startup StayGlad

Online classifieds firm Quikr India Pvt. Ltd has acquired Bengaluru-based beauty services marketplace StayGlad in the third such takeover deal within five months to strengthen its beauty services brand AtHomeDiva. The company didn’t disclose financial details of the deal in a statement. Quikr had ...

13 September, 2016 | More »

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Fashion discovery app Findow gets seed funding, eyes tier-two cities

Fashion discovery app Findow has received an undisclosed amount in seed funding from Raj Singh Bhandal, director at Next Media Works, it said in a statement. The app, run by Findow Marketing LLP, introduces shoppers to brands, boutiques, retailers, designers and stylists. It also helps shoppers loca...

13 September, 2016 | More »