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Flashback 2016: Challenging year for India’s unicorns

Friday, December 30, 2016 | More »

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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...

Hitesh Oberoi, MD & chief executive, Info Edge

Will increase share of non-IT jobs on Naukri: Info Edge’s Hitesh Oberoi

India’s largest job portal Naukri.com is looking to expand its offering in order to offset the slump in IT hiring. For parent company Info Edge, Naukri is the most profitable vertical, even as its matrimonial and education verticals steadily inch towards profitability. Info Edge’s real estate ve...

27 December, 2016 | More »

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PressPlay co-founder Anand Sinha joins FreeCharge

Snapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in...

19 December, 2016 | More »

startup

Why Baidu is cautious about investing in Indian startups

Chinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet p...

8 December, 2016 | More »

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Info Edge invests $147K more in contacts management startup Diro Labs

Hiring portal Naukri.com’s parent Info Edge (India) Ltd has invested an additional Rs 1 crore (roughly $147,000) in contacts management startup Diro Labs, the company said in a stock exchange filing. Earlier this year, Info Edge had invested Rs 3 crore ($450,000) in the company. With the new inves...

5 December, 2016 | More »

Deepinder-Goyal,-co-founder-and-chief-executive-officer,-Zomato

Zomato to set up kitchens, launch annual membership service to push revenues

Zomato Media Pvt. Ltd will launch two new initiatives – Zomato Red and Zomato Infrastructure Services – to increase revenue and profitability, Mint newspaper reported on Monday. The new initiatives will be rolled out between February and June 2017. In an interview with the daily, Deepinder Goyal...

14 November, 2016 | More »

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Zomato hires banker for fresh fundraise, plans to set up cloud kitchens

Gurgaon-based restaurant listing and food delivery firm Zomato Media Pvt. Ltd has hired investment bank Morgan Stanley for its next fundraise, according to a spokesperson of the company.  Further details were not revealed. In its last funding round in September 2015, the company had raised $60 mill...

7 November, 2016 | More »

Info Edge

Naukri parent Info Edge’s Q2 profit more than doubles

Info Edge (India) Ltd has reported a more than doubling of net profit for the fiscal second quarter, as earnings from the Naukri.com hiring services business jumped and losses at its 99acres.com real-estate portal shrank. Standalone net profit for the quarter through September surged to Rs 80.07 cro...

27 October, 2016 | More »

zomato

Zomato buys logistics-tech firm Sparse Labs to help restaurants track orders

Online restaurant discovery and ordering platform Zomato Media Pvt. Ltd said on Monday it has acquired Gurgaon-based logistics technology startup Sparse Labs Pvt. Ltd. This is Zomato’s first acquisition in nearly a year and a half and the 10th overall, according to VCCEdge, the data research platf...

26 September, 2016 | More »

legal

Top internet firms Flipkart, Ola, Zomato find it tough to win over legal eagles

India’s top internet companies such as Flipkart, Ola and Zomata, among others, are struggling to find and retain legal eagles who can safeguard their business interests in an environment that is increasingly becoming complex and challenging. Flipkart, the most valued Indian consumer internet c...

3 August, 2016 | More »

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