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TravelTriangle

Holiday marketplace TravelTriangle raises $10 mn in Series B funding

Online travel agent marketplace TravelTriangle has raised $10 million in Series B funding led by Singapore-based RB Investments. The funding round also saw participation from existing investors SAIF Partners and Silicon Valley venture fund Bessemer Venture Partners. Noida-based Holiday Triangle Trav...

7 February, 2017 | More »

Jonathan Bullock

SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

SoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies in India, Snapdeal and Ola, a statement from the Japanese telecom and Internet conglomerate confirmed on Monday. Mint had reported, citing a regulatory filing, that apart from...

6 February, 2017 | More »

Uber launches cab-rental service UberHIRE in 8 cities

Uber launches cab-rental service UberHIRE in 8 cities

Taxi-hailing company Uber on Monday launched its on-demand car-rental service UberHIRE in eight cities, through which users can book a cab for as long as 12 hours, said a company statement. The service, which saw a successful pilot in Kochi, is being rolled out today in Delhi, Bangalore, Chennai, Mu...

6 February, 2017 | More »

myntra_fe

Myntra clocks sales of Rs 850 crore in January

Flipkart-owned Myntra registered sales of over Rs 850 crore ($126 million) in January, including those from its recently acquired unit Jabong, a financial daily reported on Monday. Buoyed by its ‘End of Reason Sale’, the online fashion retailer hit an annual revenue run rate of $1.6 bill...

6 February, 2017 | More »

Sharanya_fe

Budget 2017: Acche Din for India’s digital economy

“Digital payments are to finance what the wheel is to transport,” so began the Watal Committee report that came out in December 2016. Rightfully recognising that we are on the cusp of a massive digital revolution, the finance minister in his budget speech outlined various proposals that ...

3 February, 2017 | More »

facebook

EduRev, myHQ get inducted in Facebook’s FbStart programme

Two more startups, my HQ and EduRev, have been selected by social media giant Facebook for its FbStart programme. The startups will receive credits up to $40,000 and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dropbox, and MailChimp. Besides par...

3 February, 2017 | More »

Ola

Vanguard slashes Ola’s valuation by 41%

A mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%. This brings down Ola’s valuation to an estimated $3 billion compared with its peak valuation of $5 billion between April ...

3 February, 2017 | More »

bookbhook

Too Long, Didn’t Read? No problem, bookbhook is here

We live in an era where our attention spans are the size of a needle eye, and that has reflected in our reading habits. Gaurav Gupta, an alumnus of IIM Ahmedabad was quick to spot an opportunity in this social problem and pivoted his hobby of reading into a business. “The future is tl;dr. If [&hel...

3 February, 2017 | More »

UBER007

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 »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

ICICI Bank allows UPI transactions through Flipkart’s PhonePe

After weeks of confusion and a near-verbal spat between Flipkart’s e-wallet PhonePe and ICICI Bank, the private sector lender has finally allowed UPI-based transactions on the payments app. “The merchant has now adhered to the NPCI guidelines on interoperability by making the necessary corre...

2 February, 2017 | More »