With venture capitalists in India being more circumspect with their investments and demanding better scrutiny of valuations and justification of capital utilization, a group of Chinese startups seem to have entered the field, which gives hope to Indian entrepreneurs.
New Delhi is the world’s top 5th expensive city in the world to rent office space, beating Hong Kong, and Tokyo.
Roadrunnr’s Ejipura office in Bangalore was vandalized today by irate employees who were protesting a change in their salary structure. The employees damaged office furniture and broke glass windows. This is the 2nd case of employee unrest this month in the Indian startup space after TinyOwl employees had held the company’s cofounder hostage for over 2 days in Mumbai.
A new restaurant in Bangalore, charges not for the food, but for the time spent at the premises.
A mistake whether big or small, whether the company’s fault, a case of miscommunication or just an unreasonable customer’s work, an apology can go a long way in winning back the customer. Add to a simple apology, some heart, some soul, and a little creativity, and you can help secure more good PR for your company than thousands in ad monies can.
Ola, India’s largest cab aggregator in stiff competition with Uber of USA adds another feather to its financial cap by raising $500 million (Rs 3,300 crore) in its latest round of funding. The deal has propelled Ola ahead of Uber in the cab-hailing startups race. This also takes Ola, which very recently got into the grocery business, to a valuation high of $5 billion.
I have ordered from 16 different places in the last 20 working days or so and here’s a brief snippet on all.
Vedantu is an ed-tech startup based out of Bangalore. It aims to democratize education by connecting students and teachers over voice conference. The OfficeChai team visits their office to see what they’re up to.
Online shopping store Shopclues is looking for funds to the tune of Rs.990 to 1,320 crores so as to double its estimated worth in less than a year. According to Sanjeev Aggarwal, senior managing director at Helion Ventures which has a stake in Shopclues, the company may also go for a public offering to achieve its objective. “We feel we could be the first ecommerce company to go public,” added Agarwal.