Ola, India’s largest cab aggregator in stiff competition with Uber of USA adds another feather to its financial cap by raising $500 million (Rs 3,300 crore) in its latest round of funding. The deal has propelled Ola ahead of Uber in the cab-hailing startups race. This also takes Ola, which very recently got into the grocery business, to a valuation high of $5 billion.
I have ordered from 16 different places in the last 20 working days or so and here’s a brief snippet on all.
Vedantu is an ed-tech startup based out of Bangalore. It aims to democratize education by connecting students and teachers over voice conference. The OfficeChai team visits their office to see what they’re up to.
Online shopping store Shopclues is looking for funds to the tune of Rs.990 to 1,320 crores so as to double its estimated worth in less than a year. According to Sanjeev Aggarwal, senior managing director at Helion Ventures which has a stake in Shopclues, the company may also go for a public offering to achieve its objective. “We feel we could be the first ecommerce company to go public,” added Agarwal.
Zomato’s table booking system is all set to launch globally. Zomato Book, which had been undergoing trials in India, will now be available across 12 markets – Australia, New Zealand, Portugal, UK, Ireland, Chile, South Africa, Czech, Slovakia, Turkey, Italy and Poland.
The biggest investor in Flipkart – Tiger Global Management – is reported to have picked up 2.44 million shares in Amazon, Flipkart’s biggest competitor. The move makes Amazon Tiger Global’s second-largest public holding company.
Diwali usually means a nice little gift for most office workers. This is usually a box of sweets, or if their company is feeling generous, some dry fruits. But the employees at Square Yards have it a little better than the others come festive season. Their company has decided to fund the downpayment of their brand new homes.
When jokes about Ola Boats began surfacing on the web following the rains in Chennai, the cab hailing company did the unthinkable – it managed to deploy actual boats to help out those in need.
Flipkart is continuing to innovate in the area of HR practices. After announcing generous maternity and paternity leaves, and offering unprecedented leaves flexibility at work, the company has made it easier for its employees to monetize their stock options, which are often a large part of their salaries.