Vanguard Slashes Ola’s Valuation By 9.5%, Months After Slashing It By 45%
Ola might be looking to transform itself from a ride hailing company to an electric vehicle manufacturing powerhouse, but its investors seem circumspect…
Category: Startups
Zomato Delivery Partner Allegedly Hits Customer In Bangalore, Leaves Her Bleeding
Zomato’s delivery partners are once again in the news, and not for the most flattering reasons. A Bangalore-based woman has alleged that a…
Oyo-Zo Rooms Term Sheet From 2015 Is Binding, Says Arbitrator, Which Could Entitle Zo Rooms To A 7% Stake In Oyo
The Oyo-Zo Rooms saga continues, nearly five years after Oyo had reportedly acquired Zo Rooms. A court-appointed arbitrator has ruled that Oyo Rooms…
Ola Says It Wants To Become The Tesla Of Low-Cost Electric Vehicles
Ola had started off as a ride-hailing technology platform, but it seems to be moving into a whole new vertical — manufacturing. Ola…
Tata’s Super App Launch Delayed As Company Waits For CCI Nod On BigBasket Deal
The Tata Group might’ve paid more than a billion dollars to hasten its entry into the super-app club, but bureaucracy is ensuring it’ll…
Reliance Turns Startup Investor, Becomes Limited Partner In Kalaari Capital’s Fund
Reliance has been aggressively acquiring all manner of startups in the recent past — now it appears to want to involved in growing…
New Crypto Startup Oxygen Gets $40 Million In Funding
Oxygen, a new crypto startup, has recently been invested in by Alameda to the tune of $40 million. This is a significant sum…
India’s Ride Hailing Industry Is Back To 63% Of Pre-Covid Levels: Report
Even as India opens up coronavirus vaccinations for its senior citizens, its startups are slowly limping back to normal. India’s ride-hailing industry is…
Bike Rental Startup Bounce Has Laid Off 80% Of Its Employees, Only 70 Employees Remain
Several sectors — most notably food delivery — seem to have recovered from the impact of the coronavirus lockdowns. But for many others,…