Ola claims it halted bike taxis weeks ago; faces 6-month ban in Bengaluru for violating licence rules

The decision was taken after Ola failed to come up with a satisfactory response over the transport department's probe into its bike taxis in Bengaluru. The department had seized several bikes earlier this year. On the other hand, Ola claimed that it had h
ola cab suspended, ola cab, ola cab suspended in karnatka, karnatka, cab services in karnatka, taxi booking News

Ebix to acquire Yatra by May 15 and it is paying a staggering 84% more than its value

If the Ebix-Yatra deal goes through, it would mark one of the biggest consolidation in India’s online travel market after more than two years since market leader MakeMyTrip acquired competitor GoIbi

Industry News

Ex-Alibaba director raises $3.2 million for his fashion startup in just five months of launch

Former Alibaba director Eddie Deng and data science executive at Club Factory and Google Chi Xue's fashion startup Mayfair has raised funding from tier one investors in India and China -- Nexus Ventur

Future Lifestyle Fashions, Brand Factory, John Millers, Ebitda, Lee Cooper News

Airbnb in talks with OYO to put $100 – 200 million for minority stake; seek access to India, China hotel market

Backing OYO would give Airbnb a significant access in the affordable hotel segment in India (where OYO claimed to be the seventh largest chain of hotels) and China.

Industry News

127 startups apply for angel tax exemption, wait with bated breath for Income Tax department decision

Out of 127 startups that had applied for angel tax exemption through Form-2, 92 startups have received an acknowledgment email from the CBDT that their forms have been accepted by DPIIT.

The Indian income tax framework currently taxes income that accrues or arises through a business connection in India. News

US-based ride-hailing firm Lyft aims to raise up to $2.1 billion via IPO

Lyft is seeking to raise as much as $2.1 billion in its initial public offering, valuing the firm at up to $18.5 billion. The No. 2 US ride-hailing giant is offering 30.8 million shares at $62 to $68

US-based ride-hailing firm Lyft aims to raise up to $2.1 billion via IPO News

SoftBank’s Vision Fund already invested $70 billion; active interest from investors for new fund, says CEO Masayoshi Son

SoftBank's Founder and CEO said that there is a lot inbound interest from investors for a new fund but it is "too early," even as $70 billion has already been invested from the $100-billion Vision Fun

Industry News

Amazon India’s Web Services extends Rs 390 crore loan to IT services arm

The latest infusion is the third subsequent credit extension by Amazon Internet Services since 2017. The company had extended Rs 820 crore and Rs 370 crore in loan in 2017 and 2018 respectively.

Going green: Amazon is letting prime customers bunch orders to save boxes News

This US fintech offers loans to first-time borrowers in India

Branch offers customers personal loans ranging from Rs 500 to Rs 50,000 through its Android app and is one of the first recipients of the Reserve Bank of India’s (RBI) mobile-only non-banking financ


These startups promoting tech innovation through CSR

Two promising startups are the beneficiaries of a unique industry-academia partnership between the tech business incubator at IIM-A and Portescap.

From the labs: Promoting tech innovation through CSR News

Armed with machine learning, Google Hotels to take on Ixigo, Trivago, Skyscanner

While Google Hotels might eat into the share of hotel comparison and aggregation portals such as Ixigo, Trivago, Skyscanner but for marketplaces such as OYO, MakeMyTrip, and Yatra it would continue to

Industry News

Raising capital? Watch out for these new foreign startup funds expanding to India

The new funds from Brazil, UAE, Singapore, and Canada are looking at investments up to Series A level unlike more established VCs who are backing advanced startups and thus more capital is getting pou

Industry News

Without OYO-like backing, Innov8 couldn’t have taken on coworking giant WeWork, says expert

WeWork has scaled to 21 locations across Mumbai, Gurugram, and Bengaluru in just around 18 months since its launch in India vis-a-vis 12 locations in six cities where Innov8, now acquired by OYO, has

Industry News

VC firm Accel Partners raises $2.5 billion for three new funds, likely to exit productivity app Slack

Venture capital firm Accel Partners will allocate capital to three new funds called Accel XIV LP, Accel Leaders Fund II LP, and Accel Growth Fund V LP. The firm had recently exited hotel booking platf

Industry News

India shines in Tokyo: FlyBase start-up wins NTT Data global innovation contest

Globally 401 start-ups from 18 countries had participated in Open Innovation Contest this year to put their best of qualities to test and pitch before NTT and other Japanese companies.

drones, start up sector, start up industry, india, japan News

Women climbing up the ladder in hospitality industry with high emotional intelligence

In leadership roles, women are bringing about positive changes in the hospitality landscape - encouraging more inclusive and diverse working culture, attracting more women talent, understanding the se

Industry News

This agritech startup uses data science to improve crop yields; raises $27 million

AgroStar is planning to expand its digital presence in India to digitize farms on the back of smartphone penetration in rural areas and data becoming more affordable

Industry News

Indian e-commerce firms Snapdeal, ShopClues, UrbanClap, Fynd gang-up; keep Flipkart, Amazon out of TECI

The reason why Flipkart and Amazon are not part of the council is because they are subsidiaries of other companies while they are free to join the council anytime, said Fynd’s Co-founder Harsh Shah

Industry News

21 lakh jobs in the offing as these sectors lead blue-collar revolution

The job creation is expected on the back of migration beginning to happen from traditional blue-collar jobs such as IFM, security etc., to gig-based jobs as a result of increased flexibility, higher s

Industry News

This company is now India’s second most-valuable logistics startup in just 4 years, nears unicorn tag

Logistics startup Blackbuck is now valued at $862 million in the latest fundraising led by Goldman Sachs and Facebook co-founder Eduardo Saverin's fund B Capital.

Industry News

Start-ups hiring fewer women to skirt 26-week maternity leave rule

The annual turnover limit for the start-up status has been raised four times to Rs 100 crore to extend benefits meant for start-ups to a much larger number of companies.

sme, small and medium scale industry, start up sector, start up industry News

Flipkart co-founder Binny Bansal, others put in $65 million in Amazon-backed Acko General Insurance

Acko had previously raised $30 million in seed funding and later $12 million in a Series B round led by Amazon.

amazon, flipkart, e commerce sector, e commerce industry News

Oyo to invest Rs 1,400 crore in India, Nepal business

In September last year, SoftBank Vision Fund led a $800-million funding in Oyo, valuing the Gurgaon-based firm at close to $5 billion.

oyo, oyo company, nepal india News

Here are 6 Indian startups that made it to impact investor Gray Matters Capital’s accelerator programme

Gray Matters Capital is part of the unique club of venture capital investors in India having in-house startup accelerators including Sequoia Capital India, Blume Ventures, and Axilor Ventures. Sequoia

Industry News
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