Ola To Invest Rs. 2,400 Crore In TN, To Set Up “World’s Largest Scooter Manufacturing Facility”
After seeing its ride-hailing business be battered by the coronavirus pandemic, Ola is moving into a whole new sector: manufacturing. Ola has said…
Category: Startups
Oyo Lays Off 600-800 Employees In Fresh Restructuring: Report
Beleaguered hospitality companies are still trying to come to terms with the coronavirus pandemic. Oyo Rooms has laid off 600-800 employees in a…
PhonePe, Bought By Flipkart For $20 Million In 2016, Is Now Worth $5.5 Billion
Flipkart is known for managing to get the biggest-ever exit in the Indian startup ecosystem — it was acquired by Walmart at a…
E-Cell NIT Trichy Announces Ventura, Its International Business-model Competition
E-Cell NIT Trichy proudly presents Ventura, an International Business-model Competition and a platform where innovative ideas are nurtured and developed as teams hustle…
Cred Now Worth $800 Million After $80 Million Funding Round
After Freecharge, Kunal Shah appears to have another hit on his hands. Credit card payment startup Cred has raised $80 million as part…
India Caps Uber, Ola Commissions To 20%, Limits Surge Price To 1.5x Of Base Fare
After years of uncertainty, India appears to have gone ahead and regulated its cab hailing industry. India’s Transport Ministry has amended the Motor…
Just Two Months After Entering Unicorn Club, Unacademy Raises Funds At $2 Billion Valuation
These are good times to be an edtech startup in India. Just two months after Unacademy had entered the unicorn club, it has…
Cars24 Becomes India’s Latest Unicorn Startup With $200 Million Fundraise
Even amid the Covid pandemic, it’s raining unicorns in India. Used car marketplace Cars24 has become the latest unicorn in India. Cars24 raised…
Elon Musk Goes Past Bill Gates To Become World’s Second Richest Man
Elon Musk’s net worth is zooming, much like one of his SpaceX rocketships. Days after Musk had passed Facebook CEO Mark Zuckerberg to…