Amazon Has Just Entered Social Commerce In India Through Amazon Spark

Amazon Has Just Entered Social Commerce In India Through Amazon Spark

When it had started off, Amazon had been a stand-alone e-commerce website. It later became a search powerhouse — as of 2018, more product searches begin on Amazon than even on Google. And now Amazon is looking to conquer the final frontier of the internet experience — social networks. Amazon is rolling out Spark, its social networking platform in India. Spark is a part of the Amazon.in site, and Amazon’s branding it like most other…

Ride-hailing Company Grab Invests Rs. 730 Crore In Oyo Rooms

Ride-hailing Company Grab Invests Rs. 730 Crore In Oyo Rooms

Oyo’s latest investor isn’t a Venture Capital firm, isn’t Indian, and isn’t even a hotel chain. Singapore-based ride hailing giant Grab has invested just over $103.4 million (Rs. 730 crore) into India’s largest hospitality startup Oyo Rooms. The investment is a part of the $1 billion fundraise that Oyo had announced just last month. Grab, through a Cayman Islands-registered entity A1 Holdings, has been issued 2,884 cumulative Convertible Preference share of Oyo at the price…

Google Shuts Down Messaging App Allo Two Years After It Was Launched

Google Shuts Down Messaging App Allo Two Years After It Was Launched

Nobody seems to be able to fight the might of network effects, not even Google. Google has shut down Allo, the messaging app it had launched in September 2016. “Earlier this year we paused investment in Allo,” Google wrote in a blogpost. “(Now) we’ve decided to stop supporting Allo to focus on Messages,” it added. Google had launched Allo just over two years ago, and had positioned it as a high-tech messenger to take on WhatsApp….

Zomato Has Just Acquired A Drone Startup To Work On Drone Deliveries

Zomato Has Just Acquired A Drone Startup To Work On Drone Deliveries

It’s been called food-tech for a while now, but the tech bit might just be getting started. Zomato has acquired Lucknow-based TechEagle Innovations, which works on drone technologies. TechEagle was founded in 2015 by IIT Kanpur alum Vikram Singh Meena in 2015, and since then has been developing unmanned aerial vehicles with a focus on custom-made drones capable of carrying a payloads of up to 5 kg. The two companies didn’t disclose the size of…

Can Home Loan EMIs Be Customized?

Can Home Loan EMIs Be Customized?

Anyone who wishes to take a home loan should be familiar with the concept of Equated Monthly Instalments, or EMI. This concept refers to the monthly instalment that you have to repay on your home loan. At the time of availing a home loan, EMI is calculated by your lending institution based on the borrowed amount, sanctioned rate of interest and loan tenure. As would be evident, the quantum of EMI would be higher if…

Walmart’s Acquisition Of Flipkart Is The World’s Most Expensive Facelift: Ashwath Damodaran

Walmart’s Acquisition Of Flipkart Is The World’s Most Expensive Facelift: Ashwath Damodaran

Much has been written about Walmart’s $21 billion acquisition of Flipkart — some have called it Walmart’s gateway to its India ambitions, while others have called the purchase the coming-of-age of the Indian startup space. But Aswath Damodaran, professor of finance at NYU Stern School of Business, has distinctly unique take on the record deal. Damodaran feels that Walmart’s acquisition of Flipkart is simply the most expensive face-lift in history. “Walmart invested in a company which is burning…

Softbank Wants To Invest $1 Billion In Ola, But Bhavish Aggarwal Is Reportedly Reluctant To Accept

Softbank Wants To Invest $1 Billion In Ola, But Bhavish Aggarwal Is Reportedly Reluctant To Accept

Most entrepreneurs are usually running after entrepreneurs to fund their ventures, but Ola CEO Bhavish Aggarwal is reportedly reluctant to accept a cool $1 billion — and from Softbank, no less. Ola CEO Bhavish Agarwal is unwilling to accept the full $1 billion (Rs. 7,000 crore) that Softbank wants to invest in his firm, ET reports. “(Softbank CEO Masayoshi) Son and Aggarwal have met multiple times recently but taking such a big amount from SoftBank has…

Foodpanda Claims It’s Become India’s Largest Food Delivery Network After Launching In 100 Cities

Foodpanda Claims It’s Become India’s Largest Food Delivery Network After Launching In 100 Cities

Foodpanda might not yet have the order volumes to match up with the Swiggies and the Zomatos, but it’s trying to make up in distribution. Foodpanda says it has become India’s largest food delivery network after expanding into 100 cities. Foodpanda is now present in most Tier 2 and Tier 3 locations, and says it’s the first in markets like Aizawl, Shillong, Raipur, Jodhpur, Bhavnagar, Patiala, Nellore, Durgapur, Shimla, Rewa, Bokaro. It notched up its…

India’s Drone Policy Comes Into Place, Govt Sets Up Slick Website To Register Drones

India’s Drone Policy Comes Into Place, Govt Sets Up Slick Website To Register Drones

India finally has an official drone policy in place, and has set up a suitably high-tech website to register the country’s many drones. The government yesterday launched the Digital Sky website, which will allow India’s drone-owners to register their flying contraptions. “We enable flight for India’s unmanned aircraft,” says the website, as an animated drone flies next to it. The site The Digital Sky website looks something that a funded startup would create with its…

It’s Easier To Raise $1 Billion In India Than Anywhere Else In The World: Paytm CEO Vijay Shekhar Sharma

It’s Easier To Raise $1 Billion In India Than Anywhere Else In The World: Paytm CEO Vijay Shekhar Sharma

Many of India’s first-time entrepreneurs visiting VC offices and angel investors might not quite agree, but Paytm CEO Vijay Shekhar Sharma says there’s no better place than India to raise a billion dollars in funding. The time for our country has finally arrived – there is no better place to start a company today,” proclaimed Sharma. “Today, it is easier to raise a billion dollars in India than anywhere else in the world,” he added. Paytm…

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