Swiggy Goes Public, Stock Rises 18% On Opening Day
November 13, 2024
Ola Leads The Cab Race With Fresh Funding Of $500 Million
Ola, India’s largest cab aggregator in stiff competition with Uber of USA adds another feather to its financial cap by raising $500 million (Rs 3,300 crore) in its latest round of funding. The deal has propelled Ola ahead of Uber in the cab-hailing startups race. This also takes Ola, which very recently got into the grocery business, to a valuation high of $5 billion.
Marriott Buys Starwood Group, Becomes The World’s Biggest Hotelier
Marriott, the hotel chain biggie has bought its rival company Starwood that owns hotels like the Westin and Sheraton. The deal will make the group the world’s largest hotelier, managing over 1 million rooms.
I Ordered From 18 Different Food Tech Startups At Office
I have ordered from 16 different places in the last 20 working days or so and here’s a brief snippet on all.
Inside Vedantu, A Startup Aiming to Democratize Education In India
Vedantu is an ed-tech startup based out of Bangalore. It aims to democratize education by connecting students and teachers over voice conference. The OfficeChai team visits their office to see what they’re up to.
ShopClues Looking To Raise Rs. 1,320 Crore; Go Public
Online shopping store Shopclues is looking for funds to the tune of Rs.990 to 1,320 crores so as to double its estimated worth in less than a year. According to Sanjeev Aggarwal, senior managing director at Helion Ventures which has a stake in Shopclues, the company may also go for a public offering to achieve its objective. “We feel we could be the first ecommerce company to go public,” added Agarwal.
Zomato Book To Launch Globally This Month
Zomato’s table booking system is all set to launch globally. Zomato Book, which had been undergoing trials in India, will now be available across 12 markets – Australia, New Zealand, Portugal, UK, Ireland, Chile, South Africa, Czech, Slovakia, Turkey, Italy and Poland.
Flipkart’s Biggest Investor Picks Up 2.44 Million Shares In Amazon
The biggest investor in Flipkart – Tiger Global Management – is reported to have picked up 2.44 million shares in Amazon, Flipkart’s biggest competitor. The move makes Amazon Tiger Global’s second-largest public holding company.
Square Yards Helps Its Employees Own Their Homes This Diwali
Diwali usually means a nice little gift for most office workers. This is usually a box of sweets, or if their company is feeling generous, some dry fruits. But the employees at Square Yards have it a little better than the others come festive season. Their company has decided to fund the downpayment of their brand new homes.
Ola Turns Twitter Trend On Its Head, Deploys Boats In Chennai
When jokes about Ola Boats began surfacing on the web following the rains in Chennai, the cab hailing company did the unthinkable – it managed to deploy actual boats to help out those in need.