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Category: Startups

Microsoft Is Not Buying InMobi, IPO Is The Way To Go: Founder

January 27, 2016January 28, 2016 OfficeChai Team

However, clearing the air and dismissing the possibility of an acquisition by either of the global companies, InMobi founder and CEO, Naveen Tewari, an ex McKinsey Consultant and Wharton alumni, has finally spoken up. In an interview with ET, Tewari states that there is no acquisition is on the cards and that the company will look to release an IPO as the only way.

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YEA! To Open 2 Centres In India For Student Entrepreneurs

January 27, 2016 Navin Bhatia

The Young Entrepreneurs Academy (YEA!) is set to open two centres in India to teach entrepreneurship to school students between 11-18 years. The centres would launch at the American School of Bombay in Mumbai and at Shri Ram School in New Delhi.

Amazon India Posts Rs. 1724 Crore Loss In 2015

January 25, 2016 Bart Eshwar

Amazon India has just announced that it suffered losses worth Rs. 1728 crore for the year ending March 2015. In comparison, Flipkart had announced losses of Rs. 2000 crore in the same period. Snapdeal’s losses stood at Rs. 1350 crore.

Zomato On Track To Become First Indian Unicorn To Be Operationally Profitable

January 25, 2016 Bart Eshwar

Zomato is on course to double its revenue in the fiscal year ending March 31st. The company is also all set to become break even at the operational level – meaning it won’t make losses anymore on individual orders – by mid 2016. Zomato will be the first of the Indian unicorns to reach the milestone.

Paytm Signs MOU With MP Government To Set Up Centre In Jabalpur

January 23, 2016January 24, 2016 Bart Eshwar

Madhya Pradesh isn’t a name that immediately springs to mind when you think of locations for tech startups. India’s tech scene usually has engineering offices in the startup hubs of Bangalore or Delhi, and prefers keeping its backend offices in close vicinity. But Paytm, India’s payments and e-commerce giant, is venturing into uncharted territory by setting up a center in Jabalpur.

11 Times These Customers Had No Chill On Social Media

January 23, 2016February 9, 2016 OfficeChai Team

We trawled the social media activity of some of the most active brands on social media, and picked up the choicest of examples of times when customers had no chill, and used a brand’s well-meaning campaigns as a customer complaint redressal forum.

Hike Messenger Touches 100 Million Users

January 23, 2016January 23, 2016 Bart Eshwar

Hike messenger, India’s homegrown competitor to Whatspp, has touched an important milestone – it claims to touched have 100 million users. Started in December 2012, Hike has seen a steady growth in its users since its inception, though it saw stiff competition from Whatsapp among India’s user base.

Housing Raises 100 Crore From Existing Investor SoftBank

January 21, 2016January 22, 2016 Bart Eshwar

Housing has raised Rs. 100 crore from Softbank in new round of funding. Softbank is already the largest investor in Housing and has a 33% stake in the company.

CREO Raises $3 Million To Build Their Own Phones And OS

January 21, 2016January 21, 2016 Bart Eshwar

CREO, a Bangalore based Technology Company, has secured $3 Million funding from Sequoia India, Beenext Ventures and India Quotient.

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