Ethereum’s founder is not bullish about Meta’s Metaverse

Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Ethereum’s founder is not bullish about Meta’s Metaverse Vitalik Buterin, the founder of the second most popular crypto Ethereum, recently said many unflattering things about Meta’s Metaverse crusade. Buterin said that…

ByGirish ShettiAugust 2, 20220Comments

Tech news

Twitter fumes as Elon Musk Cancels $44Bn deal

Here are the top trending news from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Twitter fumes as Elon Musk Cancels $44Bn deal The month-long saga between Elon Musk and Twitter management over a $44Bn deal has probably come to an end. This after Musk…

ByGirish ShettiJuly 12, 20220Comments

Tech news

After Backlash, Softbank backed Ola Electric to recall 1,441 EV Bikes

Here are today’s top trending stories from the world of technology. News that we feel every tech enthusiasts keep a tab on. 1) After Backlash, Softbank backed Ola Electric to recall 1,441 EV Bikes EV startup Ola Electric has decided that it will voluntarily recall specific batch of 1,441 S1 Pro e-scooters. The SoftBank…

ByGirish ShettiApril 25, 20220Comments

News

Why Ola’s acquisition of Avail Finance is a bad business deal

Ride-hailing major Ola’s parent company ANI Technologies announced on Friday that it will be acquiring Avail Finance, a fintech startup that provides loans to blue collar workers. Ola said that its latest acquisition will help in bolstering its finance vertical Ola Finance, which is involved in facilitating credit to its driver partners and loans for…

ByGirish ShettiMarch 27, 20220Comments

News

IPO bound Ola’s CFO & COO have put down their papers: Report

Ride hailing major Ola’s Chief Financial Officer (CFO) Swayam Saurabh and Chief Operating Officer (COO) Gaurav Porwal are all set to leave the company. According to Money Control, both high profile executives resigned from their posts last week. Ola has so far not officially commented on this news report. The exit of top executives…

ByGirish ShettiOctober 19, 20210Comments

funding

Ola raises $500 Mn in a pre-IPO funding from new & existing investors

Home grown cab-hailing giant Ola has raised $500 Mn led by existing investors Temasek Holdings and private equity major Warburg Pincus. Fort Canning and Ola’s CEO Bhavesh Agarwal also participated in the round. The round has been unofficially tipped as the ride hailing major’s pre IPO round. However, the Mumbai-based company may raise more funds…

ByGirish ShettiJuly 9, 20210Comments

Tech news

Facebook has Quietly Prepared Defense Against Antitrust Threat – Top Trending News

Here are today's top trending news from the world of technology 1 Facebook has Quietly Prepared Defense Against Antitrust Threat Image Credits: Flickr Facebook has reportedly prepared a 14 page document for dealing with antitrust threats. For too long the social media has been in the center of a storm for its monopolistic actions…

ByGirish ShettiOctober 5, 20200Comments

funding

Ola’s Co-founder Ankit Bhatia invests in Edtech startup Winuall

Bengaluru headquartered edtech startup Winuall has raised undisclosed amount of funds from Ola’s co-founder Ankit Bhatia and Nitin Gupta – Head of Eng, Milkbasket. Clutch of angel investors also participated in the funding round but their names were not disclosed. The startup said that it will use the capital infusion for ramping up the business and…

ByGirish ShettiMay 18, 20200Comments

Funding News

Ola electric gets $1 Mn funding cushion from Pawan Munjal

Ola electric mobility - electric vehicle arm of Ola - has secured $1Mn funding from existing investor Pawan Munjal, chairman and managing director of Hero Motor Corp. Munjal, who is one of India’s most well-known business tycoons, invested in the firm through his investment firm Pawan Munjal Family Trust. Pawan Munjal, chairman and managing director of…

ByGirish ShettiMarch 12, 20200Comments

Funding News

CCI Gives Green Signal to Hyundai and Kia’s Investment in Ola

The Competition Commission of India (CCI) has brushed aside monopolistic concerns to give an official nod to Hyundai and Kia’s investment in Ola and Ola electric. Following the regulatory approval, both (Ola as well as Ola Electric) has jointly received Rs 2,244 crore from South Korean auto giants. As per the regulatory filings with MCA,…

ByGirish ShettiDecember 4, 20190Comments

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