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.
Google CEO Sundar Pichai is making a serious amount of money.
This is the season for Indian startups to expand their wings and test international waters. Responding to demands from international customers, Indian ethnic products and handicrafts website Craftsvilla to extend its services overseas, beginning with the Middle east, Australia and New Zealand.
Uber has some great technology, world class engineers, and a truly disruptive business idea. But these are not the reasons why it’s the world’s most valued startup. What makes Uber so successful is its sheer brazen audacity.
Think finance and payments and images of boring spreadsheets, calculators, and credit cards come to mind, if at all. Finance is notorious for being dull, gray and boring, and offices belonging to financial firms are no different.
However, Payment gateway Razorpay is looking to change that perception. Joining the league of Koramangla startu neighbours like Lookup and Grabhouse, Razorpay has a swanky new office in Koramangla, Bangalore, and we have a glimpse of it for you.
India’s e-commerce market, which is currently dominated by homegrown companies like Flipkart and Snapdeal, and an American giant in Amazon, might soon see its biggest shake up yet. Chinese e-commerce behemoth Alibaba is planning to enter the Indian market in what could bring increased competition in an already competitive sector.