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Should the government pay heed to Flipkart’s & Ola’s call for protection?

Thursday, December 8, 2016 | More »

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A nationalistic fervour has taken over the Indian startup world with two of the largest homegrown consumer internet companies seeking protection from resourceful global rivals. Co-founders of Flipkart and Ola have demanded a level-playing field for domestic companies and even suggested blockades aga...

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Flipkart’s Sachin Bansal and Ola’s Bhavish Aggarwal take potshots at ‘non-Indian’ firms

As the country’s internet and mobile economy is booming in a battle for ideas and capital, Indian founders of startups are increasingly taking aggressive stands against foreign-origin firms. Sachin Bansal, co-founder of India’s biggest e-commerce firm Flipkart and Bhavish Aggarwal, co-founder of...

7 December, 2016 | More »

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Uber to buy Geometric Intelligence to strengthen its AI wing

US- based ride-hailing app Uber Inc. on Monday made two significant announcements in its blog. The first was its creation of a new division for artificial intelligence (AI), called AI Labs, to be based in San Francisco. The second announcement was that Uber is acquiring an AI startup Geometric Intel...

6 December, 2016 | More »

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How SoftBank’s local portfolio firms have fared as chairman Son visits India

Not many investors can boast of a portfolio which is more than half full of unicorns. Japanese telecom and Internet conglomerate SoftBank Group Corp happens to be one such investor in India. Of its seven portfolio firms, four – Hike, Ola, Snapdeal and InMobi – are unicorns, meaning each startup ...

2 December, 2016 | More »

Kunal Bahl and Rohit Bansal

How much stake founders Kunal Bahl, Rohit Bansal own in Snapdeal?

Snapdeal founders Rohit Bansal and Kunal Bahl together own just 6.38% of the e-commerce firm, a fourth lower than what they held in the company two years ago. CEO Bahl owns 3.94% of Snapdeal while chief operating officer Bansal holds 2.44%, according to a report by Mint on Friday, citing documents w...

2 December, 2016 | More »

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Businesses have to be faster in adopting mobile strategies: Facebook’s Umang Bedi

The world’s largest social networking site Facebook, which has over 166 million active monthly users in India alone, has over 95% of its users logging in via mobile phones. At an event in New Delhi on Wednesday, Facebook hosted “Mobile Moves Business”- an industry event designed to bring toget...

30 November, 2016 | More »

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Meru Cabs CEO Siddhartha Pahwa resigns, mulls starting up

Meru Cabs CEO Siddhartha Pahwa has resigned from the Mumbai-based radio taxi firm and will be replaced by CTO Nilesh Sangoi from January. The decision was first announced by Pramod Kabra, partner at India Value Fund Advisors (IVFA), Meru’s biggest investor, in an email to Meru’s top brass. Later...

29 November, 2016 | More »

Uber

Uber drivers in US join protest for minimum wage

US-based cab-hailing service firm Uber Technologies Inc is facing a backlash from its driver partners in its home country. Drivers of Uber, the world’s most valued startup, joined together in a nationwide protest on Tuesday, to call for a minimum hourly wage of $15 compared with $7.25 currently. A...

29 November, 2016 | More »

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Facebook’s India revenues surge 43%

Social media giant Facebook Inc has posted a 43% rise in its revenues from India for the financial year ended 31 March 2016, on the back of high advertising revenues. The company clocked revenues of Rs 177 crore at Rs 16 per user, for FY2015-16 compared with Rs 123 crore at Rs 9 per user […]...

29 November, 2016 | More »

Ola

Ola, Uber drivers go on strike in Guwahati over shrinking incentives

Drivers of Ola and Uber started a 36-hour-long strike in Guwahati to protest against their decreasing income as the taxi-hailing firms continue to acquire more cabs. Around 12,000 cabs are off the road in the city, according to a report by news agency ANI. “Our demands should be fulfilled because ...

24 November, 2016 | More »

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