Bangalore Police Forms 3 Teams To Nab Homigo Co-founders, Size Of Fraud Estimated To Be Rs. 15 Crore

Bangalore Police Forms 3 Teams To Nab Homigo Co-founders, Size Of Fraud Estimated To Be Rs. 15 Crore

Thus far, Homigo’s cofounders were being pursued by the startup’s tenants whose security deposits hadn’t been returned. Now they’re being pursued by the Bangalore police. The Bangalore police has formed three special teams to nab the absconding cofounders of coliving startup Homigo, who’re untraceable after the startup shut down its offices and fired all its employees. IIT Kanpur alumni Jatin Mitruka, Aaskash Verma and Nikunj Batheja, who’d cofounded Homigo in 2015, are on the run after allegedly…

SBI Becomes First Indian Bank To Allow ATM Withdrawals Through Its App

SBI Becomes First Indian Bank To Allow ATM Withdrawals Through Its App

Mobile wallets and UPI transfers have already taken away much of the functionality of debit cards in the recent past, and now the last bastion of card usage might be falling. SBI has become the first bank in India to offer ATM withdrawals through its app. Yono Cash, under SBI’s digital banking platform YONO, will allow for cardless cash withdrawals at 16,500 SBI ATMs across the country. SBI is calling the ATMs where this facility…

Homigo’s Tenants Asked To Immediately Vacate Homes, Company Reportedly Bankrupt

Homigo’s Tenants Asked To Immediately Vacate Homes, Company Reportedly Bankrupt

Startup shutdowns are never pretty, but this one seems to be worse than most — it has left lots of young Bangaloreans without a roof over their heads. Co-living startup Homigo’s tenants have been told to vacate their homes after the company has reportedly gone bankrupt. The original property owners have apparently not been paid by Homigo, and they in turn have asked tenants to leave their homes. Homigo acted as an in-between between homeowners…

Here’s How To Go About Replacing Aging IT Equipment

Here’s How To Go About Replacing Aging IT Equipment

No matter what industry your business falls into, the fact is that you’re reliant on technology. As such, it’s incredibly important that your tech is working and up-to-date. Regardless of your experience with technology, how do you know when it’s reached the end of its useful life? To the untrained eye, a slow computer could seem like a finicky machine, but in reality, technology ages in the same way many things do. Older models don’t…

Oyo Has Reportedly Acquired Coworking Space Provider Innov8 For Rs. 150-200 Crore

Oyo Has Reportedly Acquired Coworking Space Provider Innov8 For Rs. 150-200 Crore

Oyo’s scale of ambition isn’t just limited to a rapid overseas expansion — it’s moving into industries other than hospitality too. Oyo has acquired coworking startup Innov8 for between Rs. 150 and Rs. 200 crore, Business Standard reports. Oyo has hired all Innov8 employees and will continue to run Innov8 as a separate brand. Innov8 has 13 coworking spaces across 4 cities in India. It had been founded in 2015 by Ritesh Malik, Shailesh Gupta and…

Myntra Has Shut Down Its High-Tech Self Checkout Roadster Store In Bangalore

Myntra Has Shut Down Its High-Tech Self Checkout Roadster Store In Bangalore

Over the last few years, many in the e-commerce industry felt that the final frontier was taking over what they’d initially set out to displace — offline stores. Not content with the progress that they were making online, several large players had attempted to move into the real world to capture an even larger section of the market. But there are now signs that not all these initiatives are working out as planned. Myntra has shut…

Delhivery Becomes India’s Latest Unicorn Startup, Is Now Valued At $1.6 Billion

Delhivery Becomes India’s Latest Unicorn Startup, Is Now Valued At $1.6 Billion

There was a time when India’s unicorns were all e-commerce players, but some interesting companies are now getting into the mix. Logistics startup Delhivery has become India’s latest unicorn after raising $350 million (Rs. 2450 crore) from Softbank and existing investor Carlyle Group. The round has valued Delhivery at $1.6 billion (Rs. 11,200 crore), and turned it into India’s first unicorn of 2019. Unlike other Indian unicorn startups, Delhivery doesn’t often make the news. This…

The Steps Involved An A Third Party Car Insurance Claim For Corporate Employees

The Steps Involved An A Third Party Car Insurance Claim For Corporate Employees

Everyone needs to have a third-party car insurance policy, but it’s even more important for corporate employees. If you drive to office every day, it’s vital your car is insured. You can make certain claims with it if there is a requirement. There are some very easy ways in which you can make a third party car insurance claim. You just need to know what the steps are. Along with this, you need to keep…

The Importance Of Two Wheeler Insurance For Corporate Employees

The Importance Of Two Wheeler Insurance For Corporate Employees

Insurance usually is important for everyone, but it’s especially important for those corporate employees. If you drive a bike to office, it’s important that it is ensured. There are some very important risks that every comprehensive two wheeler insurance policy covers. Here are some pointers: Wh Bike insurance risk coverage Here are the risks that a standard comprehensive bike insurance policy covers:   Third party property cover: A third party cover is compulsory for all vehicles…

Paytm Mall’s Traffic Drops 90% After It Discontinues Cashbacks

Paytm Mall’s Traffic Drops 90% After It Discontinues Cashbacks

Paytm Mall is discovering just how fickle India’s customers really are. After the company had cut back on its cashbacks late last year, the traffic on its website has dropped precipitously. According to SimilarWeb, PaytmMall’s site saw only 5.5 million visits in February 2019. This is a near 90% drop from visits in October last year, when the site had seen 45.5 million users. In December 2018, Paytm Mall had decided rein in the cashbacks…

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