Starting up is never easy. There’s blood, sweat, tears, and a whole lot of sacrifice. Your life begins revolving around your company, and other aspects can often take a backseat. So when InMobi cofounder Naveen Tewari was asked to rank his wife, his company and cricket in order of preference, his response was clear – InMobi was the most important thing in his life.
FreeCharge, which was acquired by Snapdeal this May in India’s largest tech deal, is in talks with existing and new investors to raise $300 million. This will be Snapdeal’s first fund raise that’s earmarked for a separate entity.
It’s the old guard versus the new. Wary of the traction being generated by new-age hotel booking sites like Oyo Rooms and Zo Rooms, incumbents MakeMyTrip, GoIbibo and Yatra have collectively removed listings from these properties from their sites.
After its hugely popular take on India’s startup scene captured all the drama associated with entrepreneurship, TVF has a new resource to draw inspiration from – its own internal feud. TVF Founder Arunabh Kumar has been dragged to court by former colleague Prashant Raj. Raj, who quit the company in 2014, is demanding a 4% share in the company as well as cash compensation for his work with TVF.
In an exclusive interview with OfficeChai, FreeCharge co-founder Kunal Shah talks about his company, the Indian startup scene, high valuations, and more.
Trouble is brewing in the food tech industry. After food delivery TinyOwl fired xxx employees, and food delivery app Dazo shut down last week, and Zomato has now annouced that it will be laying off 300 employees, or 10% of its workforce.
Flipkart’s been packaging and shipping an astonishing number of packages this festive season, and resources are understandably stretched. So they’re calling in reinforcements for their delivery teams. They’re hardly your typical delivery employees though.
The festive season is in full swing, and Indian e-commerce giants are battling it out for a share of India’s online shopping pie. The 3 biggest players – Flipkart, Amazon and Snapdeal – are running simultaneous sales from 13th to 17th October, and marketing and promotions have been fierce.
If you suspected that India’s startup boom was reaching world-class proportions, you now have numbers to back it up. In a report released jointed by consultancy firm Zinnov and Google, India has been placed 3rd in the list of startup ecosystems worldwide.