Sharan Poovanna

Ola cabs back on Bengaluru roads as Indian state lifts ban

Ola was banned after the transport department said that the company violated existing provisions and operated two-wheeler taxis in Bengaluru.

Apple close to setting up iPhone assembly unit in Bengaluru

Apple is expected to start production for the Indian market in April.

Ola, Uber may have to withdraw services in Indian state

Ola and Uber may have to withdraw ride sharing services in Karnataka after the state transport commissioner deemed the services illegal. The move is likely to impact businesses of both Ola and Uber, who have been aggressively promoting ride sharing in the past one year, given that Bengaluru is one… Read more »

India: Hansa Cequity buys majority stake in D-Square Solutions

Customer marketing company Hansa Customer Equity Pvt. Ltd (Hansa Cequity) Wednesday said it has bought a majority stake in D-Square Solutions Pvt. Ltd, a data science and analytics company.

India: Ola, Uber get respite in Bengaluru as state say it will not impound cabs

In a temporary reprieve for ride hailing services such as Ola and Uber, the Karnataka government on Wednesday said it will stop coercive action, including impounding cabs affiliated to these services until 20 June for allegedly plying without relevant licences, though crackdown against surge pricing will continue.

India: BHIVE Workspace raises $1m in round led by Blume Ventures

This is the second round of funding for the firm run by Centaur Datacorp Pvt Ltd, after it raised an undisclosed angel round from Raghunandan G. (founder, TaxiForSure), Rajesh Rai (venture capitalist and co-founder, Venturesity), Arihant Patni (managing director, Hive Technologies), Sanjay Mirchandani (owner, Mirchandani Group), Arun Narayan (director, UK India Business Council) and others in February.

India: Driver platform DriveU buys CallAtHome, Healthcare app Prescribez raises $145K

In a consolidation move, on-demand drivers portal DriveU has acquired Gurgaon-based driver booking platform CallAtHome while healthcare app Precribez raises an angel round.

Indian banking system highly fragmented, needs consolidation: RBI dy governor R Gandhi

R. Gandhi, RBI deputy governor, says although India is 7th largest global economy in terms of GDP, there is no Indian bank in the list of 70 large banks in terms of asset size.

India: Tork Motorcycles raises funds from Ola founders, others

Start-up Tork Motorcycles that makes electric motorcycles has raised an undisclosed amount of angel funding led by Bhavish Agarwal and Ankit Bhati, co-founders of cab aggregator Ola (ANI Technologies Pvt. Ltd), and other angels, including Harpreet Grover, CoCubes co-founder and chief executive officer (CEO), the company said in a statement… Read more »

India: Jugnoo raises $10m in funding round led by Paytm

SoCoMo Technologies Pvt. Ltd, which operates Jugnoo, a hyper-local online marketplace that facilitates auto-rickshaw rides and food and grocery deliveries through auto-rickshaws, has raised $10 million in Series B funding led by mobile payments and commerce platform Paytm (One97 Communications Pvt. Ltd). Apart from Paytm, which invested $5 million, existing… Read more »