India’s largest e-commerce giant, Flipkart, is in for some organizational change. Co-founder Sachin Bansal, who has been the CEO since the inception of the company in 2007, will step aside. His cofounder, Binny Bansal will take his place. Sachin Bansal will in turn become the Executive Chairman.
There’s no surer sign of the changing times. Until recently, a job with the Indian Administrative Service meant the pinnacle of professional success – it represented status, great money, and an opportunity to touch the lives of millions. But 24 year old IAS officer Roman Saini had other ideas. He’s quit his job as the assistant collector of Jabalpur to launch his own startup.
The Indian entrepreneur community is early awaiting the announcements that are expected to be unveiled at the Start India event to be organized in New Delhi on the 16th of this month. Such is the interest around that event that an astonishing 1,00,00 people have registered for the passes. Sadly, there are as few as 1,500 passes available.
Mumbai taxi drivers haven’t been the biggest fans of cab hailing companies Uber and Ola. Seeing their business slip away from beneath their feet, they’ve resorted to protests, strikes, and political posturing to get these companies out of Mumbai. But their efforts have been in vain – consumers have responded with their feet, and Ola and Uber have made rapid inroads into the city.
But now Mumbai’s iconic “kaali-peeli” taxi owners are trying to take on cab hailing startups at their own game.
At the TiECON conclave, which ended in Mumbai on January 7, 2016, eminent industrialist Ratan Tata was asked how he decided on investments in startups. He replied, “I am intrigued by a startup if it has an interesting concept that excites me… Second is what I feel about the founders…whether they have passion and innovation in what they do.
Startup offices are getting swankier by the day. After Flipkart and Snapdeal had unveiled grand offices that would put luxury hotels to shame, smaller startups too have begun sprucing up their workspaces. Delhi based dating app TrulyMadly has a new office, and it looks pretty spectacular.
Over a 1000 Ola drivers protested against the company in Bangalore yesterday. The drivers alleged that they hadn’t been paid the incentives they’d been promised for driving over New Years’. They also were unhappy that the money that had been deducted from their accounts towards the payment of their car loans had not reached the banks.
While job roles for most companies are more or less similar, some jobs are a reflection of the current economy. India’s in the midst of booming startup culture. Most of these startups operate online, and often ecommerce, the man power required has shaped accordingly. We crunched some data on the various job portals and startup communities in India and found the following job roles were the most sought after. We have also analysed some salary trends for these roles to come up with a range.
Oyo Rooms has begun 2016 by expanding into unchartered waters – it has become the first Indian hotel aggregator to expand overseas. The company, which operated in only 3 Indian cities in 2015, now operates in 165 cities and has 4000 properties bearing its name.
Leading Chinese travel company Crip has invested $180 million into MakeMyTrip. Ctrip will invest this amount through convertible bonds. In addition, MakeMyTrip has granted Ctrip permission to acquire MakeMyTrip shares in the open market, so that combined with shares convertible under the convertible bonds, Ctrip may own up to 26.6% of MakeMyTrip’s outstanding shares.