Uber Launches New App Uber Works That Connects Gig Workers With Businesses

Uber Launches New App Uber Works That Connects Gig Workers With Businesses

Uber had started off by connecting taxi drivers with commuters. It then launched Uber Eats, which connected restaurants and their customers. Now it’s venturing into a third area — connecting gig workers with businesses who could use their services. Uber has launched an app called Uber Works which will connect temporary workers looking for work shifts with businesses that are looking to find employees to plug gaps in their rosters. The app is currently live…

The Battle For How Long Your Phone Rings Before It Automatically Disconnects, Explained

The Battle For How Long Your Phone Rings Before It Automatically Disconnects, Explained

Telecom companies usually battle each other on tariffs, their network coverage, and their plans, but Indian telecom operators are now feuding over something that few customers ever even pay attention to — how long their phones ring for before they automatically disconnect. Airtel and Vodafone have recently reduced the length of the ring duration for their outgoing calls on their networks from 35-40 seconds to 25 seconds. The reduced ring times were in response to Reliance…

7 Corporate Governance Lapses That Led To WeWork’s Doomed IPO

7 Corporate Governance Lapses That Led To WeWork’s Doomed IPO

Until two months ago, WeWork was on top of the world. The coworking spaces provider, which at $47 billion (Rs. 3.3 lakh crore) was among the highest valued startups in the world, had announced that it was going public. Its  IPO was going to be among the biggest tech IPOs this year, and was meant to make WeWork CEO Adam Neumann, its biggest investor Softbank, and thousands of WeWork employees a lot of money. But it…

Zerodha Creates Rs. 200 Crore ESOP Pool For 850 Employees

Zerodha Creates Rs. 200 Crore ESOP Pool For 850 Employees

To make money, you don’t always need to be working for high-flying startups with superstar founders and multi-million dollar advertising budgets — you can do just as well working at a firm that quietly goes about its business and creates value. Discount brokerage Zerodha has created a Employee Stock Ownership (ESOP) Plan that’s worth more than Rs. 200 crore. The plan has been put in place for 850 of its employees. Zerodha only has 1,100…

Myntra Ties Up With Local Tailors To Deliver Clothes And Make Alterations At Customers’ Doorsteps

Myntra Ties Up With Local Tailors To Deliver Clothes And Make Alterations At Customers’ Doorsteps

The more things change, the more they remain the same. Myntra, which had sought to disrupt offline retail by selling clothes online, is now relying on the most visible symbol of the offline fashion industry to run its business — the humble neighbourhood tailor. Myntra is roping in local tailors to deliver clothes so that they can alter products right at the customers’ doorsteps, which the company hopes will reduce returns on sales. Nearly 15-20…

Become Profitable, Public Investors Won’t Tolerate Gimmicks: Softbank’s Masa Son To Portfolio Companies

Become Profitable, Public Investors Won’t Tolerate Gimmicks: Softbank’s Masa Son To Portfolio Companies

Even the world’s largest startup investor is beginning to realize the importance of startups actually making some money. Softbank founder Masayoshi Son has urged his portfolio companies to “become profitable.” Son was speaking at a five-star resort to company leaders, and told them they need to soon become profitable, and stressed the importance of good governance. Public investors weren’t going to tolerate gimmicks like super-voting rights or complicated share structures that privilege founders over other stakeholders, he…

Facebook Signs 4-Year Contract With ICC, Wins Exclusive Digital Rights To Cricket Content In The Subcontinent

Facebook Signs 4-Year Contract With ICC, Wins Exclusive Digital Rights To Cricket Content In The Subcontinent

India’s most popular social network will now have streaming rights of its most popular pastime. Facebook has signed a four-year partnership with the International Cricket Council (ICC) to become the exclusive digital content rights partner for ICC events in the India subcontinent comprising of India, Pakistan, Bangladesh, Sri Lanka and Nepal. As part of this deal, Facebook will offer match recaps and in-play key moments as well as match-related clips and feature content in these countries…

Why Most New Startups In India Fail

Why Most New Startups In India Fail

We are witnessing the fourth industrial revolution, and big countries should be prepared for it. The digital age is something that people dreamt of in the past. That’s why it could be the most challenging and drastic industrial revolution. India has a way to lead in the digital era Technological development is a must. We can’t undo the technologies that can transform the world. To be honest, no one can change or stop it. Unfortunately,…

Sachin Bansal Invests Rs. 740 Crore In Finance Firm CRIDS, Becomes CEO

Sachin Bansal Invests Rs. 740 Crore In Finance Firm CRIDS, Becomes CEO

After exiting Flipkart with a billion dollars in the bank, it was expected that Sachin Bansal would sit back and invest in other firms. But just a year after his mega exit, he’s back in the entrepreneurship game. Sachin Bansal has invested Rs. 740 crore in Non Banking Finance Company Chaitanya Rural Intermediation Development Services Private Limited (CRIDS), and has also become the firm’s CEO. CRIDS’s founders Samit Shetty and Anand Rao will continue in their…

Former Uber CEO Travis Kalanick Invests In Faasos’ Parent Company

Former Uber CEO Travis Kalanick Invests In Faasos’ Parent Company

While he’d led Uber, Travis Kalanick had maintained that India was one of his company’s most important markets. And even after his exit, he appears to be keen on the tech ecosystem in the country. Former Uber CEO Travis Kalanick has picked up a small stake in Rebel Foods, which runs food brands like Faasos and Behrouz Biryani, Bloomberg reported. The stake purchase was through Kalanick’s new startup, City Storage systems, and is a part…

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