Category: Startups
Amazon Claims To Be Largest Ecommerce Marketplace In India
In a recent company statement, Amazon claims to to be the largest marketplace in India in terms of products on offer. Amazon adds 50,000 products on the website everyday, the statement says. While the corresponding numbers for Flipkart and Snapdeal are unknown, it’s hard to say with authority if Amazon is indeed the biggest marketplace.
RBI Helpline To Assist Startups With Forex Issues
For young startups, negotiating the bewildering maze of foreign exchange regulations is often daunting. With Indian startups becoming increasingly global and doing business with entities based abroad, startups often need a ready reckoner on how to deal with monetary transactions that span across borders. In order to assist startups with such transactions, the Reserve Bank of India has announced a dedicated helpline to answer queries.
Ola Autos Launched In Chandigarh
Ola has launched its auto hailing service in Chandigarh. It is the 7th city in the country to have the service, after Bangalore, Chennai, Delhi, Ahmedabad, Hyderabad and Pune were added in October 2014. The company intends to add two more cities by the end of the year.
Three Senior Helion Partners Quit Firm
Three senior partners at Helion Venture Partners, one of India’s oldest Venture Capital firms, have quit. Rahul Chowdhri, Ritesh Banglani and Alok Goyal will…
Practo’s Data On Indian Healthcare Reveals Interesting Insights
Being present in 35 Indian cities and with millions of people using its platform, Practo now has a wealth of data pertaining to healthcare in India. The company analyzed 75 million searches and 40 million physician appointments to come up with a picture of what Indian healthcare looks like.
Some Cheer For On-Demand Bus Operators; Shuttl Raises Rs. 135 Crore
India’s beleaguered on-demand bus services sector got a much needed shot in the arm today after Delhi-based Shuttl raised Rs. 135 crore in…
Indian Tea Cafés: Taking Chai Places
Tea or chai – as it is commonly known in India – is probably the most popular drink in the country, estimated to…
Accel Records Phenomenal Gains From Selling Flipkart Stake
Venture Capital isn’t always the easiest form of investment. You take a bet on a small company with uncertain prospects. The company usually operates in a field that hasn’t been ventured into before, and there are few markers to tell you if it’ll succeed. And most don’t. Nearly 90% of startups fail, and Venture Capital firms are never able to recover their investments. But every once in a while, a startup succeeds. And when it does, the results can be astonishing.