Mahesh Kulkarni

Articles By Mahesh Kulkarni

136 Articles

Here’s how a Bengaluru-based startup is dressing up divas

For the average Indian woman stepping out for a yoga session at the local park or the community centre in a housing society, leotards and skin tight gym wear aren’t really a viable option.

Indian wear, Deivee steps, Darshan M, Midnight Marathon, Milind Soman, Bangalore Midnight Marathon, Allu Sirish, Flipkart

Online grocery market set for big action in 2017

The Indian food and grocery (F&G) market has witnessed the entry of many online players, but so far only a few have remained operational.

E-commerce major Flipkart set to go on major hiring spree, raise headcount by 1200 in FY18

E-commerce major Flipkart, which raised $1 billion in its recent fundraising round, is looking to hire more than 1,200 people mainly for its technology and engineering team.

Voonik looks to raise $10 mn; fund raising crucial for fashion e-commerce portal to break even

Sequoia Capital backed fashion e-commerce portal Voonik is looking to raise around $10 million from existing as well as new investors, within the next two quarters.

Bengaluru: Wooplr revenue jumps from Rs 19,898 to Rs 1.02 cr, but net loss widens 8x at Rs b18.8 cr in FY16 as expenses soar

The expenses of the company went up 8.8 times to R19.8 crore as against R2.24 crore in the previous year, the company said in the filing.

E-commerce major Flipkart set to log 40% sales growth in FY17, 60% in FY18

Expects a much larger growth of up to 60% in FY18

Lendingkart loss rises 7x to Rs 8.2 cr on revenues of Rs 4.7 cr; expenses rise 10.7x to Rs 12.9 cr

Lendingkart Technologies, which provides working capital finance to SMEs, has registered a near seven-fold year-on-year rise in consolidated net losses, albeit on a small base, for the year ended March 2016.

In surprise move, Uber shuts down UberAuto in Coimbatore, Indore

The company did not give any reason for the sudden discontinuation. Instead, it advised customers to migrate to UberGO, its cab service

Hyperlocal grocery delivery startup Grofers to focus on Delhi, Mumbai, Bengaluru after shutting 9 stores in 2015-16

Locodel Solutions, which operates hyperlocal grocery delivery start-up, Grofers, has decided to concentrate on three large markets – Delhi-NCR, Mumbai and Bengaluru to reverse its fortunes in 2017.

Online jewellery portal CaratLane’s losses soar in FY16, reserves plunge to Rs 122 cr

CaratLane Trading, which operates CaratLane, an online jewellery portal, has seen a 34% decline in its reserves to R122 crore in 2015-16.

Snapdeal to sack 600 people, co-founders Kunal Bahl, Rohit Bansal say will take 100% salary cuts

Softbank-backed e-commerce marketplace Snapdeal on Wednesday began a massive lay-off exercise of its employees across its business verticals.

Urban Ladder looks at ‘sustainable, profitable business’ after logging 3x rise in revenues at Rs 56 cr, 3x rise in losses at Rs 175 cr

Online furniture store Urban Ladder is looking at a topline growth of 60% in FY17 to reach Rs 90 crore. For the fiscal ended March 2016, the company had registered a three-fold rise in revenues at Rs 56 crore and a three-fold

Relief for Ola, Uber in Bengaluru; Cab aggregators’ fate now rests in Narendra Modi govt’s hands

Cab aggregators Ola and Uber have got a further extension for an indefinite period to operate their ride sharing services from the Karnataka government.

Bengaluru: Urban Ladder turns to existing investors to raise Rs 100 cr in funding to take war to rival Pepperfy

Bengaluru-based furniture and home decor e-commerce store Urban Ladder Home Decor Solutions is all set to raise in excess of R100 crore from existing investors.

As Uber, Ola strike hits Bengaluru hard, Jugnoo plans to take advantage, roll-out auto-hailing business in April

Growing agitation among the drivers of Ola and Uber has come as a blessing in disguise for auto rickshaw aggregator Jugnoo.

Jugnoo, EBITDA,  hyper local startup, B2B delivery,  Ready-to-Eat meals,  food delivery,  fiscal year 

In Bengaluru, Ola, Uber drivers start app disconnections drive to protest reduction in earnings

Cab drivers attached to Ola and Uber have started voluntarily disconnecting themselves from these apps from Thursday in Bengaluru.

Aero India 2017: HAL to go public in 2017-18, offload 10% shareholding; to make capex of Rs 17,500 cr over 5 years

Firm to offload 10% shareholding; to make capital expenditure of R17,500 crore over next five-six years

Bengaluru: Cab drivers to go off Uber, Ola platforms today to protest cut in earnings

Cab drivers attached to Ola and Uber will disconnect themselves from the apps of respective cab aggregator platforms from Thursday in protest against the reduction in their earnings.

Ola, Uber, Sarvodaya Drivers Association of Delhi, Cab strike, Government

Venture capital funding of logistics start-ups dips 68%

Hyperlocal logistics start-ups, the backbone for any e-commerce company, had a bumpy ride in 2016 in terms of fund raising and it does not seem to be getting any better.

Venture capital funding of logistics start-ups dips 68%

Apple Inc to start manufacturing Made in India iPhones in Bengaluru starting April: Karnataka Govt

iPhone maker Apple Inc will commence smartphone production at its upcoming factory in Bengaluru by end of April or early May.

Flipkart set to roll-out ‘low-cost’ delivery system made up of kirana stores, tech parks

India’s largest online retailer Flipkart is set to implement a low-cost delivery channel across major cities this year.

Biocon reports top quarter, Kiran Mazumdar-Shaw explains why

Biocon has once again reported a strong growth in the net profit and revenues for the third quarter. Kiran Mazumdar-Shaw, chairperson and managing director, explains the reasons for its strong growth.

E-commerce hiring to rise 20%; Flipkart, Amazon India to stay biggest employers: TeamLease

E-commerce sector is likely to generate an estimated 75,000 to 100,000 jobs or 20% of the current workforce engaged in the industry in 2017.

Fund-raising by healthcare start-ups dips 56% to $71 m

Venture capital investment in Indian Healthcare Information Technology (HIT)/Digital Health start-ups has declined 56% year-on-year in 2016 at $71 million compared to the previous year.

Amazon India may expand 2-hr delivery service to essential household goods soon

Amazon India is set to expand its AmazonNow, a 2-hour service for delivery of essential household goods across top cities in the country, just ahead of completing the service's first year in operation.

Mangalore Refinery and Petrochemicals sets out massive expansion drive, to invest Rs 24,000 cr

The company currently operates a 15-million-metric-tonne-per-annum refinery in Mangaluru

E-commerce boom in Bangalore over? Realty share in office space absorption plunges

The e-commerce boom seems to be over as far as real estate space absorption is concerned in Bengaluru.

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