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Rideshare, which allows two or more people going in the same direction to use one cab, might be a good concept, but when did a good concept come in the way of law? It has in the case of cab…
Read More Is it End Of Road For Ride-Sharing By Uber And Ola, Over Safety, Legality Debate?
Online food delivery is a tricky space for Indian startups, what with intense competition, wafer-thin margins and a funding drought that shows no signs of a let-up. So it was a bit of a surprise when San Francisco-based Uber, the…
Read More With UberEATS, Is Uber Biting Off More Than It Can Chew?
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…
Read More Flashback 2016: Uber Sharpens Focus On India After Losing China Battle
The biggest change for technology startups came on November 8, when the government announced its decision to ban currency notes of Rs 500 and 1,000. Suddenly technology became a large driver for commerce. While retail sales in pockets dropped up…
Read More Funds Dried Up And Valuations Fell: The Year That Was For Startups
The startup ecosystem has become a hot topic for all and sundry. They have taken off and matured because of various factors such as availability of funding, consolidation activities by a number of firms, evolving technology space and a burgeoning…
Japan’s SoftBank Group Corp. has written down as much as 58.1 billion yen ($555 million) in two of its biggest investments in India, cab-hailing firm Ola (ANI Technologies Pvt. Ltd) and e-commerce marketplace Snapdeal (Jasper Infotech Pvt. Ltd), the company…
Read More SoftBank Group Writes Down $555 Million In Ola, Snapdeal Investments
