New Delhi Hosts Startup Kumbh On January 16
A day-long congregation (kumbh) – the first of its kind – of startup stakeholders gets underway on January 16 in the Indian capital, New Delhi. Here’s a preview.
Category: Startups
Housing Records A Loss Of Rs. 279 Crore In FY 2015
Realty portal Housing.com had been struggling with mounting losses when CEO Rahul Yadav was let go, documents filed by the company reveal. In FY 2014-2015, Housing recorded a loss of Rs. 279 crore. Its revenue in the same period was Rs. 12 crore. In comparison, competitor CommonFloor had revenues of Rs. 45 crore.
Kunal Shah Appointed IAMAI Chairman
Freecharge founder Kunal Shah has been appointed as the Chairman of Internet and Mobile Association of India (IAMAI). IAMAI is a not-for-profit industry body with a mandate is to expand and enhance the online and mobile value added services sectors.
Uber Launches UberCommute In Bangalore
The carpooling wave, partly spurred on by the Delhi government’s Odd-Even plan, is taking foot across the country. After starting off in Delhi, Uber has now launched UberCommute in Bangalore. Under this service, ordinary drivers will be able to offer their cars for pooling with people going their route.
Grofers Shuts Down Operations In 9 Cities
Grocery delivery app Grofers’ ambitious expansion plans have hit a roadblock. After the company recently raised $120 million which saw its valuation rise threefold in less than a year, the company has decided to scale back its operations. It has shut down in operations in 9 Indian Tier 2 cities, including Ludhiana, Bhopal, Kochi, Coimbatore and Visakhapatnam.
Quikr Makes Big Push Into Home Services Space
Quikr, which is rapidly expanding from its initial model of being a goods exchange marketplace, is now looking to enter the home services market in a big way. The company has readied a Rs. 250 crore war-chest to fulfil its plans.
This Man Runs A Succcessful IT Startup Despite Being Immobile
Born with a rare ‘giant leg’ disability, Arun Rajasingh has battled a life of physical discomforts, un-acceptance, and many personal tribulations. However, all that was not deter this go-getter who is well on his path to innovation and enterprise with his startup Kenriche.
Ratan Tata Funds Online Pet Platform DogSpot.in
In the latest of funding updates in the Indian startup scene, Ratan Tata, Chairman and notable entrepreneur Ratan Tata has invested an undisclosed amount in online pet content and ecommerce platform, dogspot.in. The investors in the deal include TV producer Ronnie Screwwala and four others.
Uber Pulls Out Of 3 German Cities Citing Difficult Regulatory Environment
Less than two years after its launch, taxi-hailing service Uber has suspended services in the German cities of Hamburg, Frankfurt and Dusseldorf, citing a difficult regulatory environment.