Startups Are Disrupting These 7 Traditional Businesses In India
Here is a roundup of some of the traditional businesses that are feeling the pinch of the mushrooming startups that threaten to affect them and eventually even displace them. What remains to be seen is whether the traditional businesses will adapt to this change, reinvent themselves and join in the wave on a “If you can’t beat them, join them” philosophy, or wait it out, let the wave pass, for the VC funded startups to bust as the red bottomlines begin to show, and emerge as the classics.
Firing Round At FabFurnish: 50 Employees Sacked As Part Of “Business Positioning”
FabFurnish.com has fired at least 50 employees, or about a fourth of its workforce. It is vacating warehouses as part of a business restructuring. The online furniture seller is changing its model and laying off employees at various levels. The company said it has “undertaken a resource optimisation exercise” and is “hiring a talent pool ideal for our new business positioning”.
After Oyo Rooms, Zo Rooms Raises Fresh Funding
Barely a couple of days after hotel aggregator Oyo Rooms raised $100 million from Softbank, fierce rival ZO has raised $30 million from existing investors, Tiger Global Ventures and Orios venture partners.
This CEO Raised The Minimum Wage At His Company To $70,000
Imagine the most generous boss you can ever have and be prepared to read the story of a man who cut down his own profits and pay to uplift his employees’ standard of living. Meet Dan Price.
The Story Of HitchBOT, The Hitchhiking Robot
My name is hitchBOT. My parents are Dr. David Smith and Dr. Frauke Zeller. I’m a good looking, smart and intelligent robot from Canada. I love music and reading, especially books on philosophy and astrophysics. But most of all, I love travelling and meet new people. I like to share my journey and memories on Facebook, Instagram and Twitter. I think social media is really cool.
Telangana Govt. Promises Internet Connectivity For Every House By End Of 2015
Telangana Govt. takes a leap towards digital empowerment under ‘Digital Telangana’ initiative of Chief Minister K. Chandrasekhar Rao, as it aims to provide internet connectivity to all the 8.5 million households of the state by the end of this year.
Good News for Nestle India, Its Employees
Nestle India, facing trouble for the last several weeks over the ban on its popular Maggi noodles, has got major relief today. The Food Safety and Standards Authority of India (FSSAI)- approved laboratory of Central Food Technological Research Institute (CFTRI) has found Maggi noodles to be in compliance with the country’s food safety standards.
Lessons From A Conversation With An Uber Driver Who Earns 80k PM
On a commute from work to home, I strike a conversation with an Uber driver and I’m let in on some amazing insights, and learnings that lend a perspective on life, career and on the economy.
Flipkart’s Employees To Get Unprecedented Leaves Flexibilty
While Flipkart’s delivery boys are on strike demanding more uniforms and better toilet facilities, the white collared employees at the company have more cause to cheer. After coming up with a spanking new office and announcing revolutionary maternity benefits and perks for employees adopting children, Flipkart today announced generous new leave policies that would allow employees greater freedom in choosing their times off.