Hotels, packages segment to be major growth driver: MakeMyTrip
In the fiscal 2015-16, the company which clocked revenue of USD 336.1 million, had earned 50 per cent revenue from hotels and packages and the remaining from air ticket sales.
Paytm Payments Bank looking at a pre-Diwali take-off
Payments bank can accept demand and savings bank deposits from individuals and small businesses, up to a maximum of Rs 1 lakh per account.
Gujarat govt to launch ‘Start-up mission’ this month; to organise 2-day national start-up event in Oct
Gujarat is trying to position itself as a start-up hub for "manufacturing sector", came out with a "start-up policy" in January 2015, much before the NDA government announced it's own policy.
Craving biryanis and kebabs from across India? InnerChef has got you covered
Like most items on the Inner Chef menu, these too are priced between Rs 150 and Rs 300 and are delivered right at the doorstep in all the seven cities
EDII’s tech biz incubator to groom start-ups that can create 100 plus jobs
The incubator will cater to 4 areas including renewable energy, manufacturing, food processing and healthcare,"said Shukla.
Flipkart replaces Ping with ‘user to seller’ chat
Ping, launched by former chief product officer, Punit Soni, who quit Flipkart in April, allowed users to browse for products and share them with friends inside Flipkart's app.
The Indian Iris, startup that tracks govt schemes, raises angel funding
The Indian Iris is the first of its kind platform that provides all policies and schemes of centre and state governments in an easy to understand language.
Startups get much awaited tax exemptions
The Central Board of Direct Taxes (CBDT) has notified that if a startup gets investment from resident angel investors, it will not be taxed even if the investment is made in excess to the fair value.
FreeCharge sees 15% growth in monthly transactions
The company targets to have 5 million merchants by next 18 months
Uber India still in investing mode, will spend on customising service: Amit Jain
The US-based company has marked India as its third biggest target market only after USA and China
Ola hopes to double fleet size with new platform for drivers
The Ola Operator platform will enable operators to track the location of the vehicles, monitor the log-in, earnings and performance from a single window.
Sebi plans to relax start-up listing norms by next month
Sebi has decided to tweak the regulations to make them more attractive after incorporating some fresh suggestions from the industry and market players.
Flipkart effect: Startups may lose sheen in job market
Reports suggest Flipkart is not the only company from e-commerce and related sectors to have deferred the joining dates for their campus hires and there are many others including InMobi, CarDekho and Hopscotch.
Tiger Global, Flipkart’s largest investor, cuts stake in Amazon
Over the past few months, Flipkart has also faced a series of markdowns from its investors.
Ratan Tata invests in medical emergency response firm MUrgency
The company claims to make emergency response available with just one tap on a mobile phone in under nine minutes in urban areas.
The Indian Iris, a unique startup that keeps an eye on govt schemes
The idea to build a comprehensive platform of this scale first took root in 2014 when Sindhu, a IIIT Bangalore graduate, read about Narayan Singh Rao's work for the BJP during the Lok Sabha elections.
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