Ola’s Losses Jump 20-Fold To Rs. 796 Crore In FY 2015
Ola is now the biggest cab aggregator in the country, but its top position hasn’t come cheap. According to regulatory filings, Ola netted a loss of Rs. 796 crore in 2015.
Author: Bart Eshwar
Bart Eshwar is interested in startups, business and green tea. He is currently nursing an unhealthy obsession with Donald Trump.
KFC Introduces Meal Boxes In Mumbai That Charge Your Phone
The food tech industry in India might be floundering, but this is food tech of a different kind. KFC has introduced a meal box that doesn’t just promise some good chicken, but also doubles up as a phone charger.
Vice To Enter India Through A Partnership With The Times Group
Vice Media, the content behemoth known for its hard-hitting, gritty coverage of current events, is finally coming to India. Its India entry will be in partnership with the Times Group, which also partners with other global digital publications such as Huffington Post and Business Insider.
New Mark Zuckerberg Photo Shows He’s Paranoid About Being Hacked
You’d think that the Facebook headquarters would be a pretty safe place for Mark Zuckerberg to hang out, but you’d be wrong. A photo shared by the Facebook founder has revealed that even when at work, and connected to his own company’s Wifi, Zuckerberg is worried about potential hacks.
The Indian Startup Community Reacts To Nikesh Arora’s Exit
Nikesh Arora was one of the biggest names on the Indian startup scene. As the President of Softbank, he’d overseen some of the biggest investments in Indian startups in 2015, including large rounds in Housing, Oyo, Grofers and Snapdeal.
Nikesh Arora Goes On Tweeting Spree After Stepping Down
Softbank President Nikesh Arora isn’t the most prolific tweeter. Since joining Twitter in 2009, he’s only sent out around 2000 tweets on the platform. But as soon as the news about his resignation as Softbank President went public, Arora went on a bit of a tweeting spree.
Softbank President Nikesh Arora To Step Down
The Wall Street Journal is reporting that Softbank President Nikesh Arora is stepping down from his post. A few hours ago, he had been given a clean chit in a probe into alleged foul play in the firm’s investments in Indian start-ups Oyo Rooms and Housing.com.
Flipkart Shuts Down Image Search And Its Chat Feature, Ping
As Flipkart’s top leadership has left the company, the products that they’d developed seem to have gone with them. Flipkart has decided that it will be retiring Ping, its social chat feature, and its image search function, two products that it had launched amidst much fanfare last year.
Raghuram Rajan Ends Speculation; Says Will Not Seek Second Term
RBI Governor Raghuram Rajan has ended speculation over his 2nd term as governor by saying that he will return to academia when his current term ends. He will return to his teaching job at the University of Chicago after spending 3 years as RBI governor.