Google Has Just Sued Uber For Stealing Its Self-Driving Car Technology

Google Has Just Sued Uber For Stealing Its Self-Driving Car Technology

Secretly installed software. Illegally downloaded designs. And a heist that could be worth billions of dollars. This sounds like a Hollywood potboiler, but if Google is to be believed, it’s played out in very real terms, and now Google wants reparations. Google has just sued Uber for stealing secrets from its self driving division, Waymo. In 2016, Uber had acquired Otto, a self driving truck company that had, in a very dramatic and public display…

The Indian Startup Community Is Coming Together To Help Laid-Off Snapdeal Employees Find Jobs

The Indian Startup Community Is Coming Together To Help Laid-Off Snapdeal Employees Find Jobs

There’s been lots of chatter about Snapdeal’s latest round of layoffs. People have been speculating over what it means for the company, and the e-commerce industry in general. There are also worries if this will extend to other sectors, and whether the startup bubble has finally first. Amidst all this, what’s gone relatively ignored is that over 600 people have lost their jobs overnight. Snapdeal’s laid off employees are now on the lookout for new roles,…

Homestay Marketplace Stayzilla Has Shut Down

Homestay Marketplace Stayzilla Has Shut Down

This week is going from bad to worse for Indian startups. After Snapdeal announcing that it was firing 600 people, and Flipkart saying that it had no use for 70% of the office space it had contracted in 2015, and reports of mass layoffs at YepMe, homestay marketplace Stayzilla has said that it’s shutting down. “I would like to announce today that we would be bringing to a halt the operations of Stayzilla in its current…

Snapdeal’s Job Cuts Could Rise To 2,500: Reports

Snapdeal’s Job Cuts Could Rise To 2,500: Reports

Snapdeal’s already laid off close to 600 workers, but the number might end up being a lot higher. Moneycontrol has reported that the job cuts at Snapdeal might touch 2,500 – that would mean that a majority of its current 4,300 strong workforce would be given the sack. Snapdeal reportedly wants its monthly salary bill to fall from Rs. 48 crore to Rs. 20 crore, and the report estimates that it would be hard to achieve that with…

Watch: Striking Uber Drivers Throw Stones At Uber Office, Break Windows

Watch: Striking Uber Drivers Throw Stones At Uber Office, Break Windows

Tensions have spilled over during the driver strikes at Bangalore. Uber drivers approached the Uber’s HSR Layout 7th Sector office yesterday and threw stones, breaking several windows in the process.  While there were no injuries reported, the glass facade of the building was damaged. Uber had to evacuate its employees and deploy additional security at its office. The protesting drivers stayed outside the premises till late in the evening. “The hours demanded by Uber, for…

Snapdeal Founders To Take 100% Salary Cut To Help Tide Over Current Crisis

Snapdeal Founders To Take 100% Salary Cut To Help Tide Over Current Crisis

Snapdeal’s in trouble – and the founders are leading from the front to help salvage the company. Snapdeal founders Kunal Bahl and Rohit Bansal have pledged to take no salaries for an unspecified period to help the company tide over its current cash crisis. “We believe that every resource of the company should be deployed for driving us towards profitable growth and with this announcement, both Rohit and I are taking a 100% salary cut,” CEO…

Freecharge CEO Govind Rajan Quits 9 Months Into Tenure

Freecharge CEO Govind Rajan Quits 9 Months Into Tenure

Things are unraveling fast at Snapdeal.  Over the past year, the company has shut down Exclusively.com and Shopo, its sister sites. It’s fired 600 customer service workers who’d protested with chants against the founders; reports say that another round of layoffs might be in the offing. And now Govind Rajan, who’d taken over as CEO of Freecharge just 9 months ago, has quit.   “It has been a unique privilege to helm FreeCharge in these exciting…

Why Do We Love To Hate Flipkart

Why Do We Love To Hate Flipkart

Flipkart is in the news. When is it not? However, this time it is a little more serious than their repeated valuation markdowns. There has been a change of guard at the very top; Binny Bansal replaced by a VC-backed CEO. As usual, pundits of the digital world are out in droves to hammer down the final nail in Flipkart’s coffin, passionately predicting its inevitable demise. Constructive analysis (by actual experts) is good, as others…

Facebook Takes On Linkedin, Now Lets Companies Post Job Listings

Facebook Takes On Linkedin, Now Lets Companies Post Job Listings

Facebook is looking less and less like a social network and more like a mini version of its own internet. Last year, it had launched its own marketplace, which was designed to be an answer to Craigslist and Quikr-Ola. It had then taken the big move of selling movie tickets and letting people ordering food, right from business pages on its platform. It had even launched a home services section, which would help people find…

MakeMyTrip Investor SAIF Partner Sells Stake, Earns 16x Returns On Original Investment

MakeMyTrip Investor SAIF Partner Sells Stake, Earns 16x Returns On Original Investment

With the spate of startup shutdowns in the recent past, one could well wonder how VCs manage it all. Most startups fail, and that means most VC investments fail as well, either dwindling to zero, or giving negative returns. But every once in a while, an investment succeeds. And when it does, it succeeds big. VC firm SAIF Partners has just sold its remaining stake in MakeMyTrip for an estimated $400 million in cash. This was…

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