Indian Business Chat Apps Have Some Serious Competition; WhatsApp To Focus On B2C

Over the last year, India has seen a mushrooming of chat apps that aimed to connect consumers directly with businesses. Services like LookUp, Haptik and Helpchat all had business models that involved setting up and easy, phone-based communication channel between users and local businesses, and had met with varying levels of success. But the industry is now likely to be upturned. Whatsapp, the global chat behemoth with 70 million Indian users, is looking to enter the space in a big way.

9 Factors To Consider To Choose A Great Name For Your Startup

The name for your company, product or the brand is probably going to be one of the most important decisions you’ll make in the process of starting a company, only second to the business itself. It will be the name you would mentally verbalise a 100 times a day and hope for it to become a household name in due time. So what are the factors one should keep before naming their company? We asked a few startup founders and did our research and found the following patterns:

It’s Curtains For Friends Reunited

The original social networking site, Friends Reunited, is being shut down. Launched in 2000 by Steve Pankhurst and Jason Porter, the site allowed its users to get in touch with old acquaintances by searching for people who shared a school, university or workplace.

Makemytrip Accused Of Tax Evasion To The Tune Of Rs.75 crores

While the founder Deep Kalra was in spotlight at the startup India event, the Nasdaq-listed travel company MakeMytrip had a run-in with the tax authorities of India. According to the Directorate General of Central Excise Intelligence (DGCEI), MakeMytrip has failed to deposit all of the service tax the online travel aggregator has collected from the public. An executive from the company was taken into police custody for the same and later released on bail.