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Nita Ambani & Mukesh Ambani

Reliance Jio to unveil 4G service for group staffers on Dec 27

Reliance Jio will launch 4G services for Reliance group employees on December 27, on the eve of its founder chairman’s birth anniversary. “We are happy to share that we will unveil Jio to our colleagues first, on the eve of our founder chairman’s (Dhirubhai Ambani) birth anniversary,” Relian...

19 December, 2015 | More »


Oyo Rooms set to acquire rival Zo in all-stock deal

SoftBank-funded budget hotel aggregator Oyo rooms is all set to acquire its Tiger Global-backed smaller rival Zo rooms and a deal may be announced within 10 days, according to a person familiar with the development. The development comes barely weeks after preliminary reports of Oyo looking to acqu...

17 December, 2015 | More »


Even the odds, Ola Share tells Delhi

For all those fretting over the Delhi government’s odd-even car formula to tackle air pollution, cab-hailing company Ola has brought its ride sharing service Ola Share to Delhi NCR. The service, which was first rolled out in Bangalore in October allows up to three users to share a cab. Ola Sha...

16 December, 2015 | More »


Paytm gets Vikas Purohit from Amazon for payments bank

Mobile wallet and e-commerce venture Paytm has appointed Vikas Purohit as vice president for its upcoming payments bank business, according to a press statement. Prior to this, Purohit worked with Amazon as the director of fashion vertical. An IIT-BHU and IIM-Bangalore alumnus, he has also worked wi...

16 December, 2015 | More »


Cabsguru raises $200K from Paysense founder, others

Delhi-based cab search, comparison and booking platform Cabsguru, owned by Nohup Technologies Pvt Ltd, has raised $200,000 (Rs1.3 crore) seed funding from a group of investors led by Prashanth Ranganathan, founder and CEO of Paysense Services India Pvt Ltd and former head of product – APAC for...

15 December, 2015 | More »


Better to associate with Paytm than compete with it: Near.in’s Lomesh Dutta

The tech-enabled hyperlocal services category has been seeing a lot of consolidation. Early last week, mobile wallet and e-commerce venture Paytm acquired local services marketplace Near.in, run by Gurgaon-based Thumbspot Inc for an undisclosed amount. In November, Mumbai-based Crenovative Ideas Pvt...

14 December, 2015 | More »


Uber to launch private car-pooling service in Delhi on Dec 16

Cab hailing app Uber today said it will now allow private car owners in the city to offer rides to passengers, a move that will help the US-based firm meet the heavy demand expected once the state government implements its odd-even formula. Introduction of the new feature from December 16 will also ...

14 December, 2015 | More »


Exclusive: InMobi faces headwinds as ‘strategic’ client Supercell cuts spending

InMobi Technologies Pvt Ltd seems to be heading for a challenging period as a top client has reduced spending on its mobile advertising platform. InMobi CEO Naveen Tewari said at a recent townhall interaction that Finnish games developer Supercell has cut its mobile advertising spend with InMobi, a ...

11 December, 2015 | More »


Wearsafe raises $3M from ex-Goldman Sachs partner Ravi Singh, others

US-based safety wearable tech company Wearsafe Labs Inc has raised nearly $3 million (around Rs 20 crore) in a fresh round of funding led by former Goldman Sachs partner Ravi Singh. As part of the transaction, Singh has been appointed to Wearsafe’s board of directors. Andy Stewart, former mana...

11 December, 2015 | More »


Content sharing on Twitter declines 11% after it kills share count

Twitter Inc’s “hard decision” to kill its share count API seems to have hit the micro blogging site hard. The Nasdaq-listed firm’s decision to kill its share count API from November 20 has led to a decline in content sharing activity on the platform by 11.28 per cent, says a ...

11 December, 2015 | More »