Hike Has Just Become The Fastest Indian Company To Become A Unicorn
The latest addition to India’s unicorn club – Hike – was also the fastest to reach the milestone.
Category: Startups
4000 Employees Fired As AskMeBazaar Shuts Down
Founded as a classifieds and local search platform in 2010, AskMe shot off into an ecommerce marketplace AskMeBazaar by 2012. And to set itself apart from the Flipkarts and Snapdeals, it decided to cater to the small and medium term merchants on the platform. 4 years later however, as is the case with most other heavily-funded startups in India, investors are beginning to second- guess themselves and funding ran dry. Left in the lurch by its prominent investor, AskMe has needed to take a tough call and shut down operations altogether.
This Is What A Day For A Startup Employee Looks Like In The Silicon Valley Of India
Lizzie Chapman hilariously describes a day in the life of an average startup person in Bengaluru, India’s silicon valley.
Nobody Seems To Use Hike. We Tried To Find Out Why.
When chat messenger Hike became India’s 9th unicorn after a funding round that valued it at $1.4 billion, the reaction was very different. The reaction basically was – who even uses Hike?
Ola-Acquired TaxiForSure To Go, 1000 Jobs Axed: Reports
Less than two years after Ola acquired rival cab hailing startup TaxiForSure, Ola has decided to lose TaxiForSure and shut down its operations.
Things Come A Full Circle As Uber Now Allows Bookings Without App
From having started as an app-only cab-hailing service, Uber has just now launched an option to book a ride without the Uber app.
ONGC Comes Up With A Rs 100-Crore Startup Fund
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 Welcomes A New Unicorn – Hike Now Valued at $1.4 Billion
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).
This New Site Gives You The Lowdown On Indian Politicians
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.