It had been widely reported that Oyo rooms was acquiring its smaller rival Zo Rooms. This development had never been confirmed by either party. There had even been articles after this development that the deal was falling apart. But now it looks like the deal has indeed taken place.
Babajob has come up with an About Us ad that is, quite simply, unlike any startup video we’ve seen before .
Google veteran Amit Singhal has announced that he’s leaving the company after a 15 year stint. Currently the Senior Vice President of Search, he’s among the most influential engineers in the company, having worked on rewriting the revolutionary algorithms that powered Google’s search engine. Singhal says he plans to retire and focus on philanthropic activities.
Amazon has upped the ante in Bangalore’s already crowded grocery delivery market. It has launched Amazon Now, which will provide 2 hours deliveries of essential household items in 70 pin codes across the city.
Bangalore-based HouseJoy has acquired laundry services startup MyWash in what represents consolidation in the cluttered home services space. As a part of the deal, the founders of MyWash will receive equity in HouseJoy and along with other team members, will join the HouseJoy team.
There’s been a major shift in the world of technology. Apple, which has been been the most valuable company in the world since 2010, has been dethroned. Alphabet smashed Wall Street estimates in its earning calls today, following which its stock rose 9% and was trading at a high of $770. That translates into a market capitalization of $570 billion, eclipsing Apple’s current market cap of about $535 billion.
Myntra, having suffered a fourfold increase in its losses this year in India, is now looking at other lands. It has set up a subsidiary, Myntra Inc, which will help its entry into American markets.
RoomLion cofounder Ashish Agrawal has accused Housing.com and Rahul Yadav of copying their 360 degree virtual tours product during acquisition discussions in March 2014.
In a bold marketing move, Snapdeal decided to do what Jimmy Kimmel had done very successfully with American celebrities. The company got its top management, including founders Kunal Bahl and Rohit Bansal and Chief Product Officer Anand Chandrasekaran to read out some of the most brutal feedback the company has received on social media.