Yatra Acquired For Rs. 2,300 Crore By Atlanta-based Ebix

Yatra Acquired For Rs. 2,300 Crore By Atlanta-based Ebix

From being founded in 2006, to be acquired and taken public in 2016, to being acquired once again, Yatra has had quite the journey. Travel portal Yatra has been acquired for $337 million (Rs. 2,300 crore) by Atlanta-based software firm Ebix. Ebix already has a travel portfolio in India, which includes Via and Merucry Travels, which together focus “on the luxury, events and sports related traveler”. Yatra will likely become the company’s more mainstream arm,…

Tata Sky Is Rolling Out Its Own Unlimited Broadband Services, Possibly To Counter JioGigaFiber

Tata Sky Is Rolling Out Its Own Unlimited Broadband Services, Possibly To Counter JioGigaFiber

India’s DTH players realize their their business models could be disrupted by the upcoming launch of Reliance JioGigaFiber, but they aren’t going to go down without a fight. Tata Sky, India’s largest DTH company by the number of subscribers, has begun offering unlimited broadband plans for as little as Rs. 590 in select circles. Tata Sky Broadband, Tata Sky’s broadband arm, now has plans ranging from Rs. 590 a month to Rs. 1300 a month. The speeds…

Less Two Weeks After Its Announcement, TV Show On Startups Makes Debut On Doordarshan

Less Two Weeks After Its Announcement, TV Show On Startups Makes Debut On Doordarshan

  Startups have become increasingly  popular in India over the last few years, and the media has had a part to play — there are endless blogs covering startups, there are more startup conferences than one can count, and even traditional media has woken up to the world of entrepreneurship. But the Indian government has probably taken the step that’ll make startups more mainstream than ever before — it’s gone ahead and launched a show…

How GOQii Founder Vishal Gondal Turned Down Owning 15% Of Oyo Rooms For Rs. 30 Lakh In 2011

How GOQii Founder Vishal Gondal Turned Down Owning 15% Of Oyo Rooms For Rs. 30 Lakh In 2011

Hindsight is 20/20 at the best of times, but it can particularly pinch when you’re a Venture Capitalist and have turned down the investment opportunity of a lifetime. GOQii founder Vishal Gondal has revealed that all the way back in 2011, he’d turned down the opportunity to invest in Oyo Rooms. Back then, Oyo founder Ritesh Agarwal was a precocious 17-year-old who was looking to raise money for his startup. He had offered Gondal a…

Google And The Indian Government Have Collaborated To Have 45,000 Toilets Marked On Google Maps

Google And The Indian Government Have Collaborated To Have 45,000 Toilets Marked On Google Maps

Only in India can a 21st century technology be used to fix a problem that seems to be from the middle ages. To help curb open defecation and urination, the Indian government has partnered with Google Maps and made available the locations of 45,000 toilets across India. The initiative was a part of the government’s Loo Review campaign, which was carried out under the Swachh Bharat and Digital India initiatives. The Ministry of Housing and…

Oyo Rooms Says It Is Now The 3rd Largest Hotel Chain In The World

Oyo Rooms Says It Is Now The 3rd Largest Hotel Chain In The World

As far as startup stories go, there are few more compelling than this one.  Oyo Rooms says it is now the third largest hotel chain in the world with 850,000 rooms. The only chains larger than it are Marriott, which has 1,317,000 rooms, followed by Hilton which has 922,000 rooms. The names ahead of Oyo are both venerable names in the hotel industry — Marriott was founded 92 years ago in 1927, while Hilton was…

Paytm Has Said It’s Expanding Into Yet Another Vertical — Education

Paytm Has Said It’s Expanding Into Yet Another Vertical — Education

Paytm is the closest India has to an all-in-one super app, but it’s now said its adding another vertical to its already-extensive portfolio. Paytm has said it plans to expand into the education services sector by “building and facilitating everything that is needed by students, parents and government job aspirants”. According to a press release, Paytm will do so by “partnering with private and government institutions to offer a full bouquet of services across payments, commerce, financial…

The Indian Government Wants To Set Up An “Amazon-Like” Site To Sell Products From Small Enterprises

The Indian Government Wants To Set Up An “Amazon-Like” Site To Sell Products From Small Enterprises

India’s already-crowded e-commerce space might soon have a new player in the reckoning — and it could be backed by the Indian government. The Indian government has said that it wants to start an e-commerce platform along the lines of “Amazon and Alibaba” to sell products from micro, small and medium enterprises (MSMEs) and Khadi and Village Industries Commission. MSME Minister Nitin Gadkari told the Lok Sabha that his Ministry is in the process of launching…

From Clarity On Angel Tax To A Dedicated TV Channel, Here’s What The Union Budget Means For Startups

From Clarity On Angel Tax To A Dedicated TV Channel, Here’s What The Union Budget Means For Startups

The current government has made a bit of a reputation for itself for being pro-startup — it had announced the Startup India scheme in 2017, under which it gave away loans and tried to create an environment for startups to thrive. This year’s budget appears to have continued the government’s push towards promoting startups, with a slew of measures to encourage entrepreneurship in the country. The most prominent announcement was the plan to create a channel…

Ola Gets License To Operate Taxis In London, To Begin Services By September

Ola Gets License To Operate Taxis In London, To Begin Services By September

Indian ride hailing company Ola is officially saying Namaste London. Ola has obtained a license to operate taxi services in London, the company has confirmed. This means that Ola will soon be able to launch its mobility services in England’s capital, one of the biggest markets of ride-hailing services in the world. Ola had first announced its intention to launch in the UK in August 2018 and started off services in South Wales. Ola has…

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