Cab hailing Major Ola posts Impressive 70% growth in Revenue

Cab hailing Major Ola reports Impressive 70% growth in Revenue India’s homegrown cab hailing major Ola has reported an impressive growth in revenue for the financial year ended 2016-17. As per the filings with Ministry of Corporate Affairs, the Bengaluru headquartered cab hailing company posted revenue of Rs1,286 crore in the 2016-17, compared to Rs758.23 crore…

ByGirish ShettiJune 7, 20180Comments

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Social commerce startup Meesho raises fresh funds from Sequoia Capital

Meesho raises $11.5 Mn from Sequoia Capital and SAIF Partners. Social commerce startup Meesho has secured $11.5 Mn (INR 77 Cr) from Sequoia Capital and SAIF Partners in a series B round. Following the latest funding round, the Bengaluru based startup’s total funding has now raised to approximately $15.2 Mn. Meesho aims to use the fresh capital…

ByGirish ShettiJune 7, 20180Comments

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Paytm to invest $5-$10 Mn in Fintech Startup Creditmate

Paytm to invest fresh funds in Fintech Startup Creditmate Paytm will invest further in Creditmate as it reportedly looks to raise additional $5-$10 Mn for the Mumbai based Fintech startup. Last year, India’s largest digital wallet company had invested undisclosed amount in the startup in a bid to give push to its newly lunched financial services…

ByGirish ShettiJune 6, 20180Comments

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World’s most Valued AI Startup SenseTime raises $620 Million

World’s most Valued AI Startup SenseTime raises fresh funding. The image recognition artificial intelligence (AI) startup SenseTime Group has raised $620 Million at an astronomical valuation of $4.5 billion. The Chinese based startup, which has already earned the reputation of been the world’s most valuable AI startup, has now further moved ahead in the valuation game. SenseTime’s…

ByGirish ShettiMay 31, 20180Comments

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Whatsapp may enroll Payment Services in India next week

Whatsapp may launch payment services next week. In what could turn out to be a major game-changer in payment space, Whatsapp may enroll its payment service on full-fledge basis across India next week. The instant messaging giant, which is owned by Facebook, will be partnering with HDFC Bank Ltd., ICICI Bank Ltd. and Axis Bank for…

ByGirish ShettiMay 30, 20180Comments

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Messenger app Hike to trim Workforce by 20-25%

Messenger app Hike to layoff workforce by 20-25% Instant messenger app Hike on Monday announced that it would cut off its workforce by nearly 20 – 25% as part of its consolidation process. However, the Whatsapp rival has refrained from terming this laying off exercise as an ominous sign about its financial position. Company’s CEO Kevin Mittal…

ByGirish ShettiMay 29, 20180Comments

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Weekly funding roundup: These 14 lucky startups got blessings from investors

This week total 14 startups secured funds from investors. Owing to ongoing funding drought in the Indian startup ecosystem, nowadays startups find it relatively difficult to raise funds from investors. However, even in these difficult times several startups still manage to work their charm over investors as they are able to secure that much needed pay…

ByGirish ShettiMay 26, 20180Comments

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Fitness startup Curefit raises fresh funds from Hrithik Roshan: Report

Fitness startup Curefit secures fresh funds from Hrithik Roshan Bengaluru based fitness startup Curefit has raised $878.2K (INR 6 Cr) from Bollywood star Hrithik Roshan. Hrithik has reportedly invested directly and also through his private entity Extreme Brands. The A list star had already signed Rs 100 crore brand ambassador deal with the Bengaluru firm and…

ByGirish ShettiMay 25, 20180Comments

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Uber tries to stage comeback in Japan with Pilot Service Program

Uber tries to revive fortune in japanese market with pilot service program. After years of sluggish growth in the Japanese market, Uber is all set to make a renewed effort to revive its fortune in the world’s third largest economy. This is thanks to the fact that the U.S ride-hailing giant has secured permission to start…

ByGirish ShettiMay 23, 20180Comments

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SoftBank blinks, agrees to sell Flipkart stake: Report

Sources claim SoftBank may sell Flipkart stake. Ending weeks of speculations, SoftBank has finally decided to part away its entire 21% stake in Flipkart to U.S. retail giant Walmart, according to people familiar with the matter. Following the sale out, the Japanese investment giant would be making healthy profit of $4 billion over $2.5 billion investment…

ByGirish ShettiMay 22, 20180Comments

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