Ola’s being chewn apart by its competition – but not on the roads. After Uber had approached the Delhi High Court accusing the company of making fake bookings on its app to sabotage its business, Jugnoo has followed suit with similar claims of its own.
London-based startup GoCardless has announced raising $13 million in a funding round led by Notion Capital to extend its service to new geographies. The total funding received by the venture has now touched $25 million. Set up in 2011, GoCardless offers an alternative to card payments by offering bank-to-bank payments online, also known as Direct Debit.
Mukesh Bansal and Ankit Nagori have teamed up and put in $5 million of their own money and will launch a startup in the area of healthcare, sports and fitness.
Cricketing legend Sachin Tendulkar may have retired from the world of cricket a couple of years ago, but for the master blaster doing epic things is classic. Tendulkar has just made his startup debut by investing in an Internet Of Things (IoT) startup called Startron recently.
When it comes to its work culture and office, Directi has pulled out all stops to make the office a fun, relaxing, and seriously indulgent place that feels like home. The company has some cool perks like inhouse gym, a generous referral system, dance classes and personal butlers.
There’s no love lost between Ola and Uber. Both companies are fiercely competing for a share of India’s lucrative cab hailing market, and have been engaging in price wars, advertising and the occasional jibe to get a leg up over the other. But if Uber is to be believed, things have just got a lot more serious.
Ace shooter and India’s first individual Olympic gold medallist Abhinav Bindra has launched a venture fund to invest in startups.
An ugly controversy has put a dampener on Infibeam’s IPO on the very first day. Factor Daily has reported that a large section of twitter users were being paid to show their enthusiasm for the event.
Infibeam’s IPO, the first ever by an Indian e-commerce company, has got off to a sedate start. Day 1 of the IPO, which will run from 21st to 23rd March, saw 21% of shares on offer being snapped up by investors. Infibeam is trying to raise Rs. 450 crore and dilute 20% of its equity through this stock sale.