CarTrade Acquires Olx’s Used Car Business For Rs. 535 Crore
Over the last few years, several players have been jostling for supremacy in India’s used car market, but now there’s some consolidation that’s…
Category: Startups
Info Edge Says Backing Rahul Yadav’s New Startup Was “A Mistake”, Hints At Fraud
Rahul Yadav had been fired as CEO by Housing.com after run-ins with investors over how the business should be run, but the investors…
Paytm CEO Vijay Shekhar Sharma Buys Additional 10.3% Stake In Company
Paytm might’ve largely floundered at the stock markets since going public in 2021, but its founder and CEO is still betting big on…
Zomato Reports Its First Ever Quarterly Profit Of Rs. 2 Crore
Zomato’s 15-year streak of making losses appears to have finally come to and end. Zomato has reported a quarterly profit of Rs. 2…
Ola’s Valuation Marked Down To $3.5 Billion From Last Private Valuation Of $7.3 Billion
Ola Electric might have become India’s largest electric 2 wheeler company, but its parent isn’t doing quite as well. Ola’s investor Vanguard has…
Zomato Appoints A Chief Fitness Officer To Help Improve Employees’ Health
All companies have CFOs, of Chief Financial Officers, to keep an eye on the company’s finances. Zomato, though, has also appointed a different…
Ola Electric Lost Rs. 75,000 For Each Scooter It Sold In FY23
Ola Electric has quickly become India’s largest two-wheeler EV maker, but the growth hasn’t come cheap. Ola Electric has registered an operating loss…
Info Edge Initiates Legal Action Against Former Housing CEO Rahul Yadav’s New Startup
Rahul Yadav’s first startup stint with Housing.com had ended with him being escorted out of his own company by hired security guards. His…
Byjus’ Investors Reveal Why They Quit Its Board, Plan “Significant” Valuation Markdown
India’s startup space had been taken aback last month when three Byju’s board members and its auditor had resigned in unison, but they’re…