Chennai has been hit by record levels of rainfall over the last few days. The rains have left thousands of people stranded, shut down offices and businesses, and 188 lives have been lost. But amidst the gloom, there’s some hope. Indian startups are going out of their way to help Chennai’s stricken populance in any way they can. Here are some Indian startups that have pitched in to help with the Chennai floods.
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.
Ola cabs, India’s largest cab hailing service has launched a dedicated mobile app, Ola Money. “Do more with Ola money for a fast, seamless shopping experience”, the app claims, “because shopping online isn’t exactly a fun thing to do.” It identifies Paytm, backed by Alibaba group and FreeCharge, owned by Snapdeal, as competitors.