Ola Looks To Enter Financial Services Space, Applies For NBFC License

Ola Looks To Enter Financial Services Space, Applies For NBFC License

Whatever field major Indian startups might be engaged in, they seem to inevitably end up becoming data plays. Ola has become the latest Indian startup to apply for an NBFC license. With the Non-Banking Financial Company license, Ola will be able to enter India’s burgeoning financial services sector, and be able to sell financial products such as loans, credit cards, and insurance.  This won’t be Ola’s first foray into the financial space. It already operates…

Reliance Officially Announces E-commerce Venture, Will Take On Flipkart And Amazon

Reliance Officially Announces E-commerce Venture, Will Take On Flipkart And Amazon

It had been rumoured for months now, but it’s finally been confirmed — Reliance is entering India’s e-commerce’s crowded field, and will take Amazon and Flipkart head on. “Reliance Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 12 lakh small retailers and shopkeepers in Gujarat, which are part of the over 3 crore community in India,” Reliance CEO Mukesh Ambani announced at the Vibrant Gujarat event today. This…

Paytm Ties Up With Zomato, Adds Food Delivery To Its App

Paytm Ties Up With Zomato, Adds Food Delivery To Its App

Paytm has its finger in many pies — its app not only lets you make payments, but also lets you do everything from buying movie tickets, purchasing insurance, booking flights and buses, and even buying gold. But it’s now stepped into a vertical that already has several large players vying for supremacy — food delivery. Paytm has tied up with Zomato to offer food delivery services. Paytm users will now be able to order through…

Amazon Has 1,300 Job Openings In India, Amongst The Most Anywhere In The World

Amazon Has 1,300 Job Openings In India, Amongst The Most Anywhere In The World

Amazon is ploughing billions of dollars into India to win its e-commerce market, but the money is bringing about an unexpected bonanza for the country’s jobseekers. Amazon now has 1,300 job openings in India, the highest in Asia Pacific. The number of openings is also amongst the highest in the world — Amazon’s base location of the US has the most jobs, and India and Germany are neck and neck for number 2. Outside of…

Paytm Could Soon Start Its Own Video Streaming Service To Take On Amazon Prime Video: Report

Paytm Could Soon Start Its Own Video Streaming Service To Take On Amazon Prime Video: Report

If chat was thought to be a must-have feature in apps until a few years ago, it’s now the turn of video. Paytm is looking to create original content and develop an video streaming arm, ET reports. Paytm will soon launch an over-the-top (OTT) content service, and has already started hiring people to run it. “Paytm has been looking at this space (video service) for some time but it is only now that the plans to set…

Sachin Bansal Invests Rs. 150 Crore In Ola, Investment Values Ola At $5.7 Billion

Sachin Bansal Invests Rs. 150 Crore In Ola, Investment Values Ola At $5.7 Billion

After exiting Flipkart with Rs. 7,000 crore in the bank, Sachin Bansal has already taken his next ride. Sachin Bansal has invested Rs. 150 crore ($21 million) in Ola as a part of its latest funding round. Bansal has purchased 70,588 ‘Series J’ preference shares at a value of Rs 21,250 per share, as per documents filed by Ola with the Registrar of Companies. The investment values Ola at $5.7 billion and makes it India’s second…

The Story Of Intel’s Ajay Bhatt, Who Invented The USB That We Use Everyday

The Story Of Intel’s Ajay Bhatt, Who Invented The USB That We Use Everyday

There’s no shortage of famous Indian names in technology — the CEOs of Google, Microsoft and Adobe are all Indian, and Indian CTOs are scattered across Silicon Valley. But there are some Indians who’ve invented tech products that we use every day — and they aren’t nearly as well known as their high-flying CEO counterparts. The co-inventor of the USB is Ajay Bhatt, who’d invented it while employed with Intel in 1995. “Anytime (my family) wanted to…

Ahmedabad Restaurants To Stop Taking Orders From Swiggy To Protest High Commissions

Ahmedabad Restaurants To Stop Taking Orders From Swiggy To Protest High Commissions

India’s Uber and Ola drivers have been going on strike for a while now, but this might be that first time that its restaurants are going on strike. The Gujarat Hotel and Restaurant Association has declared that they will not accept orders on Swiggy in Ahmedabad starting from Friday. The association is unhappy with the 22 percent commission that Swiggy charges on its orders, and are demanding that Swiggy fix what they call are “unreasonable…

Bill Introduced In Indian Parliament To Allow Employees To Reject Office Calls After Working Hours

Bill Introduced In Indian Parliament To Allow Employees To Reject Office Calls After Working Hours

It isn’t just your doctors and wellness gurus asking you to switch off after work — the Indian Parliament has got your back as well. NCP member Supriya Sule has presented a private member bill in Parliament on the 28th of December which would allow employees to refuse work-related calls and emails beyond office hours and holidays. The Right to Disconnect bill, as it’s called, requires companies to detail out-of-work demands “as a way to reduce stress…

Ola Could Acquire Myra Medicines To Start Off Its Own Medicine Delivery Arm

Ola Could Acquire Myra Medicines To Start Off Its Own Medicine Delivery Arm

Thus far, Ola had been saying that it will look to own all aspects of India’s mobility experience, but it could have its sights set even higher. Ola could acquire medicine delivery startup Myra medicines and enter the medicine delivery space, sources told Mint. Myra had been founded in 2013 by Anirudh Coontoor and Faizan Aziz, and delivers medicines to users who order them on its platform. “This is part of Ola’s strategy where they want to get…

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