On completing 60 years of existence, State-owned company Oil and Natural Gas Corporation has announced a Rs 100-crore ($15 million) startup fund. The objective is to foster, nurture and incubate new ideas related to the oil and gas sector.
India’s burgeoning unicorn club has a shiny new member. Chat messaging service Hike has raised funds from Chinese firms Tencent and Foxconn, and is now valued at $1.4 billion. (Rs. 9700 crore).
NetaFilter tries to give you information about sitting MPs at a glance, and overlays their educational attributes, wealth, and even criminal record on an India map. Each constituency is covered, and hovering over a constituency gives you the name and party of the elected representative.
Zume is a startup operating from Mountain View, California, barely a few minutes away from Google’s headquarters. Although it is only a few months into operations, the model has the potential of thoroughly disrupting the pizza manufacturing and delivery world.
Today, when the Economic Times published an article titled “10 per cent markup by Valic gives Flipkart reason to cheer”, Sachin Bansal had this to say.
Startup conferences gave me a thrill like no other. Back when my startup was basically a website and a Facebook page, attending conferences just made everything look so official.
Flipkart seems to have turned a corner as far as its valuation by investors is concerned. After Fidelity had raised its valuation by 2.7% two weeks ago, Flipkart has now had its valuation raised by mutual fund investor Valic, this time by 10%.
Care24, a SAIF Partners-backed startup, has fired around 20 people from its Powai office.
Managers tend to blame their turnover problems on everything under the sun, while ignoring the crux of the matter: people don’t leave jobs; they leave managers.