India frames rules for cab aggregators like Ola, Uber

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India’s ministry of road transport has issued guidelines for ride hailing services such as Uber (Uber Technologies Inc.) and Ola (ANI Technologies Pvt. Ltd), identifying them as on-demand information technology-based transportation aggregators and not taxi companies, although it is up to the states to accept or reject this. The guidelines,… Read more »

Ola, Uber launch carpool service. But this segment is yet to see any significant success in India

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Domestic taxi hailing service Ola and its San Fransisco-headquartered rival Uber have introduced carpooling services in India, a segment which is yet to see any significant success in the country despite reducing cost of travel. Both companies announced the launch of the services, uberPOOL and OlaShare, in Bengaluru. Uber claims… Read more »


Twitter announces layoffs as CEO Dorsey looks to revive growth

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Twitter Inc will lay off up to 336 employees, or about 8 percent of its workforce, as co-founder Jack Dorsey readies to revive growth in the microblogging service provider’s user base in his second stint as chief executive. The layoffs, primarily in the company’s engineering and product functions, come a… Read more »


Malaysia’s GrabTaxi kicks off courier biz in Philippines

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Malaysia’s app-based ride sharing services company GrabTaxi officially kicked off its courier business in the Philippines covering key cities within Metro Manila.


India: Price comparison app Voodoo raises $1m from SAIF Partners

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Delhi-based Voodoo Technologies Pvt. Ltd, which owns and operates deals and price comparison app Voodoo, has raised $1 million in a seed round from SAIF Partners, the company said in a statement on Tuesday. The app was launched last week and the company claims to have over 1,200 downloads so… Read more »


Indian hyper-local delivery firms seek fresh sources of revenue to sustain margins

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As concerns around profitability hover around hyper-local delivery companies, start-ups such as Grofers and PepperTap are looking for newer avenues such as advertising to sustain margins. Grofers (run by Locodel Solutions Pvt. Ltd) and PepperTap (Nuvo Logistics Pvt. Ltd), which currently work on a commission-based model, are in talks with… Read more »


IFC plans $25m investment in online grocery store BigBasket

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The International Finance Corp.(IFC), the World Bank’s private lending arm, is planning to invest $25 million in Bangalore-based Supermarket Grocery Supplies (SGS) Pvt. Ltd., the company that owns and operates online grocery retailer BigBasket.com, to finance the expansion of the company’s wholesale trading and supply business in India. BigBasket is currently present… Read more »


India: Travel portal Tripoto gets funding from 500 Startups, IDG Ventures, and others

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Travel portal Tripoto has raised an undisclosed amount in funding from Silicon Valley-based seed fund and startup accelerator 500 Startups, IDG Ventures, and Advantedge fund. Other investors who participated in the round include Neeraj Arora, vice-president at Whatsapp, and Leon Seynav, chairman of Stanhope Capital LLP, the company said in… Read more »


India: E-commerce biggies Flipkart, Snapdeal, Amazon go to war this week

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Starting today, online retailers will offer big discounts, engage in a pricing war, create cheeky ads on social media and poke fun at their rivals, as they try to outdo each another in the race to generate record revenues in the most important sale period of the year. Snapdeal, the… Read more »


India’s B2B industrial goods marketplace Bizongo secures seed funding from Accel Partners

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Mumbai-based B2B marketplace for industrial goods Bizongo has raised an undisclosed amount in seed funding from Accel Partners. The funds will be used by the platform to build a unified platform for businesses in the plastics, chemicals and packaging industries, pegged at $170 billion, to buy and sell products/raw materials,… Read more »