In the most definitive sign that the industry is in full-blown crisis, PepperTap, one of the biggest pan-India players, has abruptly announced that it’s shutting down its its grocery delivery service.
Ever since Rahul Yadav’s exit, Housing’s cofounders are leaving, and they are leaving fast. Three other cofounders of the real estate portal, Abhishek Anand, Ravish Naresh and Sanat Ghosh have decided to leave the company. With their exits, only three of the original 12 member founding team are still with Housing.
Time’s annual list that chronicles the most influential people across the world is out, and the Indian startup ecosystem has a reason to rejoice. Sachin Bansal and Binny Bansal, the founders of India’s most valuable startup, Flipkart, have found their place amongst the world’s top luminaries, which include Mark Zuckerberg, Tim Cook and Donald Trump.
The battle for the supremacy in India’s e-commerce market has just been taken into the courtroom. Paytm has filed a lawsuit against Snapdeal-owned company…
Lucky Gupta, a techie from Hyderabad committed suicide yesterday after his social networking he’d been working on for over a year failed to take off. He used nitrogen gas to kill himself painlessly.
Arvind Kejriwal, meanwhile, has come out strongly against his detractors. In a characteristically blunt Facebook post, the Delhi Chief Minister minced no words while speaking out against surge pricing. Kejriwal also alleged that a “media house” that was criticising his move has a vested interest in the matter.
Google is all set to open its biggest office in India yet and its second in Bangalore. According to sources, the internet giant has just signed a lease for a 1 lakh square feet office in the Bagmane World Trade centre, located on the Outer Ring Road.
The government in the budget for financial year 2016-17 had announced a new rule around provident funds according to which an employee cannot withdraw their provident fund amount before turning 58. The decision hadn’t gone down well with the majority of employees. While most of the detractors had lashed out on social media against the decision, the protests took an ugly and violent turn in Bengaluru today. Thousands of garment factory workers and others launched angry riots in parts of the city protesting against the government ruling.
The Delhi government had yesterday announced that it had banned surge pricing in the city, and it seems to be quite serious about implementing its ruling. 18 cabs belonging to Uber and Ola were impounded in the city today for overcharging customers.