Ola
TMT
SoftBank's purchase of Flipkart shares from Tiger, Accel awaits regulatory nod
The sale of Tiger Global and Accel's shares in homegrown e-commerce firm Flipkart to Japan's SoftBank is awaiting clearance from ......
TMT
SBI launches digital lifestyle and banking services platform YONO
State Bank of India, the country’s largest financial institution, which ranks among the top 50 global banks by assets and ......
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VCC Startups weekly wrap: Tiger's Fixel quits Ola, Nilekani's philanthropic move
The developments at Ola clearly hogged the limelight during the week, with Tiger Global’s managing partner Lee Fixel stepping down ......
TMT
After Delhi, Maharashtra government considers regulating Uber, Ola fares
The Maharashtra government is reviewing the recommendations of an expert committee to set the fares of app-based cab-hailing services such ......
People
Uber rival Grab appoints Paytm exec as CTO of payments arm
Southeast Asian cab-hailing major Grab has appointed Vikas Agrawal as the chief technology officer of its mobile payments wing, GrabPay, ......
TMT
Ola's fair valuation adviser projects $930 mn net profit in just three years
Cab-hailing firm Ola is likely to shrink its loss sharply this fiscal year and earn a net profit of as ......
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Rapido raises fresh funds from new investors
Hyderabad-registered Roppen Transportation Services Pvt Ltd, which runs bike pooling and taxi startup Rapido, has raised Rs 2.14 crore ($329,230) ......
TMT
SoftBank funding may prompt Uber to review game plan in Southeast Asia
SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets ......
People
Tiger Global's Lee Fixel resigns from Ola's board
Tiger Global Management partner Lee Fixel has resigned from the board of cab aggregator Ola, where the US-based hedge fund ......
TMT
Uber testing new features to target offline, low-bandwidth users
Cab-hailing firm Uber Technologies Inc. is testing a number of features for emerging markets like India, as it looks to ......
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