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Posts Tagged ‘ Ola ’

Income falls from Rs 70,000 to Rs 15,000, Ola, Uber drivers take to streets

Tuesday, January 3, 2017 | More »

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App-based taxi drivers’ concerns around falling incomes and preferential treatment to leased cabs seem to be spreading to more cities. The latest wave of protests began in Hyderabad on December 30, when a vast majority of cab drivers belonging to Ola and Uber called for a five-day strike against d...

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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Flashback 2016: Challenging year for India’s unicorns

The internet and tech unicorns that sprung up in the recent years have inspired the entrepreneurial spirit among the country’s youth. They attracted billions of dollars of foreign capital and triggered the rise of hordes of startups. The good run in terms of expanding customer base, successive rou...

30 December, 2016 | More »

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Flashback 2016: Uber sharpens focus on India after losing China battle

Mid-way through the year, something unexpected happened with Uber – the largest startup in terms of valuation. It gave up in the world’s most populous country. In an apparent move to stop a bloodbath in terms of losses, US-based Uber Technologies Inc, co- founded by Travis Kalanick, agreed to se...

30 December, 2016 | 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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Flashback 2016: SoftBank stays on sidelines, tanks up for future

By its lofty standards, 2016 was a relatively quiet year for the SoftBank juggernaut. The telecom and Internet conglomerate, which put copious amounts of money in Snapdeal, OYO Rooms and Grofers in the previous year, stayed away from making any fresh investments in India. This uncharacteristic quiet...

29 December, 2016 | More »

Ola

Flashback 2016: Year of wobbly ride for Ola

Homegrown cab-hailing firm Ola was in the news for more wrong reasons than right in 2016, from drying coffers and falling valuations to rumours of a down round and a nasty war of words with arch rival Uber Technologies Inc. Although funding woes and falling valuations were widespread across startups...

28 December, 2016 | More »

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MakeMyTrip chairman Deep Kalra urges India’s startup community to come together

Deep Kalra, chairman of India’s largest online travel services firm MakeMyTrip Ltd, has emphasised that the Internet companies need to have a consensus on policies, practices, and standards. “There is an urgent need for the industry to come together and have a cohesive voice. On a single iss...

28 December, 2016 | More »

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Amazon to go all out in 2017, up India investments

Amazon is planning to ramp up its investment in India in the new year as it continues to take on home-grown e-commerce players Flipkart and Snapdeal. Amit Agarwal, Amazon’s India chief, in an interview with The Economic Times said the firm “will demonstrate massive scale in 2017,” investing he...

22 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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