Zomato has raised $60m in a fresh round of funding led by Temasek Holdings. Temasek Holdings is an investment company owned by the Government of Singapore. Incorporated in 1974, Temasek owns and manages a net portfolio of S$266 billion, mainly in Singapore and Asia. Existing investor Vy Capital also participated in this round.
While Nestle is battling with the authorities to reinstate its much-loved noodle brand on Indian shelves, Baba Ramdev has spotted an opportunity. He’s swooping into the market with his own alternative to Maggi, Atta Noodles.
In the latest in the series of changes to be the last word on restaurants, Zomato has launched a technology platform called ‘White Label’ that enables restaurants to launch custom-branded native mobile apps, and bridge the gap between them and their customers.
While latest reports suggest that Flipkart has backed down from its plan of shutting down its website, it’s still coming up with other ways to make people switch to the app. The newest method to force users to go mobile seems to be app-only products.
The Andhra Pradesh government is pulling out all stops to turn the state into a startup hub. After it had announced plans to set up India’s largest startup incubator in Hyderabad earlier this week, it has now announced that it plans to create five world-class incubators in the state. It would spend Rs. 750 crore on these incubators over the next 4 years.
Paytm had come across a problem that’s familiar to all e-commerce companies in India – customers being rude and abusive towards their support staff. But unlike other companies that believe in the customer always being right, Paytm decided to take a stand. The company has decided to block customers from their platform who are unreasonably belligerent.
Infosys today announced that it had won governmental approval for setting up 3 campuses in Bangalore. The three campuses are expected to cost $290 million (Rs. 1918 crore) and will provide 27,000 jobs in the area.
Snapdeal Cofounder Kunal Bahl and Micromax founder Rahul Sharma have just shared a series of cryptic tweets on twitter.
The familiar, reassuring logo that greeted millions of netizens as they embarked upon their online netizens is about to be altered. Google, which had a virtually unchanged logo for the greater part of the company’s 16-year old existence, is finally changing its logo. Here is the new logo, right next to the old one.