WhatsApp Non-compliant for Payment Business, RBI Directs SC

Instant messaging giant WhatsApp may end up paying enormous price due to the ongoing snooping controversy. According to several media reports, the Reserve Bank of India has told the Supreme Court that the Facebook-owned platform is non-compliant with India’s data localization rules and has therefore directed NPCI to prevent WhatsApp from starting full-fledged payment services. WhatsApp…

ByGirish ShettiNovember 8, 20190Comments

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Co-living Startup Zolostays Appoints Sidhartha Mehra as Chief Financial Officer

Zolostays, the largest co-living startup and category leader in India, has appointed Sidhartha Mehra as its Chief Financial Officer. Mehra will be responsible for leading and overseeing Zolo's financial operations with a sustainable financial model, in line with the company’s growth strategy. Mehra brings with him 19 years of experience in financial management, planning and finance…

ByGirish ShettiNovember 8, 20190Comments

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Coworking Startup WeWork all set to Secede Complete Control to SoftBank

It seems that SoftBank’s rescue operation to rescue crisis laden co-working giant WeWork is now reaching the final stage. According to reports, SoftBank has initiated talks to take complete control of the San Francisco based company. The Japanese tech congloromate is planning to spearhead a new funding round of $4-5 Bn that will eventually increase…

ByGirish ShettiOctober 23, 20190Comments

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Online Fashion Store Fynd launches Uniket – direct to retail solution

Reliance backed and online fashion platform Fynd has launched Uniket. This unique direct-to-retail solution, which enables shopkeepers in Tier-2 and Tier-3 cities to grow their business by getting direct access to the brand’s inventory and the flexibility to buy anytime, anywhere and in any configuration they like. With core USPs of “Directly from Brands”,…

ByGirish ShettiOctober 16, 20190Comments

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Ride hailing Giant Uber India goes for Lay Offs Amid Growing Losses

Following its highly disappointing IPO launch earlier this year, ride hailing giant Uber immediately went for cut down in its global workforce count. And it was only a matter of time that Uber’s India operation will also face the brunt. So on Tuesday the San Francisco based company announced that pink slips will be handed…

ByGirish ShettiOctober 16, 20190Comments

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SoftBank readies a rescue plan for Co-working Startup WeWork

SoftBank Group is on a damage control mode to rescue co-working giant WeWork (one of its high-profile portfolio companies) from imminent collapse. According to Wall Street Journal, SoftBank is giving final touches to a financial package that will infuse fresh capital in the shared office company. Image Source: Flickr Japanese tech conglomerate’s fresh capital infusion will help…

ByGirish ShettiOctober 14, 20190Comments

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Post IPO Botch, WeWork India plans to Raise $200 Mn from Investors

How will WeWork’s IPO botch impact its India business? Well, the apparently tentative answer is ‘next to nothing.’ Else, why would its India business (owned by realty firm Embassy Group) plan to raise $200 Mn; when its parent company is currently busy in streamlining its global business in the aftermath of the IPO fiasco. “There is…

ByGirish ShettiOctober 11, 20190Comments

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Awfis consolidates its presence in Pune market by opening a New Center

Continuing to spread its footprint in the sprawling city of Pune, Awfis, India’s largest network of coworking spaces, is all set to expand its presence by introducing a new center in the dynamic micro market of Pimpri Chinchwad with its latest offering in GK Mall at Pimple Saudagar. The center spread across 33,000 sq. ft.…

ByGirish ShettiOctober 10, 20190Comments

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Supply Chain Financing platform Xpedize all set to join MonetaGo’s growing Anti-Fraud Network

Supply Chain Financing platform Xpedize is joining MonetaGo’s Anti-Fraud Network to mitigate against potential financial risks like invoice frauds. By joining MonetaGo’s growing network, Xpedize will be using MonetaGo’s digital one-way invoice fingerprinting technology that enables higher transparency in all transactions between their suppliers and buyers. Xpedize, a FinTech company that improves upon the traditional forms…

ByGirish ShettiOctober 10, 20190Comments

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More Indian Startups may Warm up for IPOs in next two-three years

Conventionally, an IPO launch makes for a landmark moment for most startups. From an unassuming and sometimes even a shabby offices to a blockbuster IPO launch in the capital market encapsulates the dream that probably every startup nurtures. It is not merely profit seeking investors or easy reach out to huge capital but also the…

ByGirish ShettiOctober 9, 20190Comments

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