Patanjali’s Kimbho app is back, but this time the FMCG company seems to have washed its hands off the project. The Kimbho messenger app, which had been promoted as a Swadeshi version of WhatsApp, is once again live on the Play store. But now it’s been renamed as Bolo messenger, and Patanjali appears to no longer be associated with the app. After its launch last month, Kimbho had managed to amass over 1 lakh downloads in…

By allowing outside food into multiplexes, the Maharashtra government might’ve just eaten multiplex companies’ lunch. PVR’s stock fell 12% today in trade after the Maharashtra government clarified that multiplexes couldn’t prevent customers from bringing their own food into theatres. PVR had been trading at Rs. 1,400 at the beginning of the day, but dramatically fell following the announcement. Its stock now trades at Rs. 1218, a near 13% fall during the day.  The statement that…

It might’ve meant higher fares for customers, and driver strikes across the country, but Ola is finally making money on each ride it provides. “Last week, our India business crossed a major milestone. We are now ENTR positive,” Ola CEO Bhavish Aggarwal wrote in an email to his team late last month, ET reports. ENTR stands for Effective Net Take Rate, and represents the commission that Ola makes on each ride, after adjusting for costs…

Startup fundraising can be an arduous, months-long journey. It normally involves creating PowerPoint slides, wearing suits and ties, and visiting the offices of scores of investors. But if you have a product that an investor ends up using themselves, things can move along a lot faster. Zomato, which was founded 10 years ago yesterday, had raised its first funds after an investor ended up using its site and proactively sent an email saying that they wanted to…

Flipkart has been the fairy-tale startup story, ending up with a $20 billion exit in slightly over a decade of being founded, but that doesn’t mean that there weren’t stumbles along the way.  Flipkart CEO Binny Bansal has finally opened up about some of the employee exits that had made news at the company a few years ago. “We’d hired quite a few people at different levels in the company, and by trial and error we figured out…

After trying out discounts, cashbacks, and offers, Indian companies seem to have finally settled on what will retain the fickle Indian customer — loyalty programs. Zomato has become the latest Indian startup to launch its own loyalty program. Called Piggybank, it will essentially provide members with a 10% discount when they order from select restaurants on Zomato. For each order they make on Zomato at any restaurant, members will receive 10% of the order value in…