1. Articles from livemint.com

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    1. Ola revenue rises eight-fold to Rs418 crore

      Ola revenue rises eight-fold to Rs418 crore

      Last Modified: Thu, Jun 23 2016. 12 47 AM IST Ola revenue rises eight-fold to Rs418 crore Ola’s revenue up from Rs51.50 crore in 2013-14 to Rs418.25 crore in 2014-15; losses jump 20 times to Rs754.87 crore in same year Subscribe to our newsletter. Sayan Chakraborty Ola Micro has helped the firm reverse much of last year’s market share loss to Uber and open up a big gap over the rival, but at the expense of a massive cash burn.

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    2. ClearTax raises $12 million

      ClearTax raises $12 million

      Last Modified: Fri, Jun 17 2016. 01 03 AM IST ClearTax raises $12 million ClearTax plans to use the funding towards building new products and strengthening its engineering team Subscribe to our newsletter. Shrutika Verma Founded in 2011, ClearTax was generating profits until late 2015 when it raised its first angel funding and decided to step up expansion plans.

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    3. Ola founder Bhavish Aggarwal looks to block Uber’s passage to India

      Ola founder Bhavish Aggarwal looks to block Uber’s passage to India

      Bengaluru: Bhavish Aggarwal, co-founder of the ride-hailing service Ola, is in a pitched battle with Uber Technologies Inc. for domination of India’s streets. Late last year, when the streets of Chennai disappeared as monsoon rains flooded miles of the city, Aggarwal quickly commandeered scores of boats from wherever he could find them. He helped with government rescue efforts, picking up passengers in fishing trawlers, canoes and inflatable rafts.

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    4. Bira beer left high and dry by supply glitches, funds crunch

      Bira beer left high and dry by supply glitches, funds crunch

      Last Modified: Thu, Jun 16 2016. 07 46 AM IST Bira beer left high and dry by supply glitches, funds crunch Bira 91’s parent B9 Beverages will raise $10 million to create an efficient back-end system in bid to ensure the current fiasco is not repeated Subscribe to our newsletter. Sounak Mitra Bira beer went off the shelves after the company failed to gauge demand correctly, and the arrangement with its sole bottler in Haryana fell through.

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    5. PE firms denied exits as many companies put off listing shares

      PE firms denied exits as many companies put off listing shares

      Last Modified: Thu, Jun 16 2016. 02 22 AM IST PE firms denied exits as many companies put off listing shares This contrasts with the decent run some private equity firms have had this year in terms of partial or complete exits through IPOs of portfolio companies Subscribe to our newsletter. Swaraj Singh Dhanjal According to ‘Mint’ research, around seven PE-backed firms have failed to hit the public markets in the last year.

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    6. Micromax to start selling air conditioners

      Micromax to start selling air conditioners

      New Delhi: Micromax Informatics Ltd will start selling air conditioners (ACs) in the next 15 days as the Indian smartphone maker now looks to position itself as a consumer durables company, aiming to generate about 20% of its overall revenue from durables in the next 12 months. Gurgaon-based Micromax is manufacturing window and split ACs at its Uttarakhand facility and will invest about Rs. 200 crore in the category over the next year.

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    7. Former Vodafone CEO Arun Sarin picks up stake in Truecaller

      Last Modified: Thu, Jun 09 2016. 05 53 PM IST Former Vodafone CEO Arun Sarin picks up stake in Truecaller Arun Sarin will join Truecaller’s advisory board followed by a capital investment in the company Subscribe to our newsletter. PTI The investment in Trucaller is Arun Sarin’s third after those in taxi aggregator Ola (July 2015) and music streaming company Saavn (September 2015).

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    8. Roadrunnr acquires Tinyowl, rebrands as Runnr

      Roadrunnr acquires Tinyowl, rebrands as Runnr

      Last Modified: Sat, Jun 04 2016. 07 42 PM IST Roadrunnr acquires Tinyowl, rebrands as Runnr With the acquisition, Roadrunnr says it has transitioned into a food ordering and delivery platform Subscribe to our newsletter. Priyanka Sahay Runnr food ordering app is currently live in South Bombay with over 150 restaurants. There is no minimum order size and the app offers live tracking of delivery.

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    9. Micromax casts eyes abroad as home market brawl worsens

      Micromax casts eyes abroad as home market brawl worsens

      Last Modified: Fri, Jun 03 2016. 02 18 PM IST Micromax casts eyes abroad as home market brawl worsens Micromax is evaluating an entry into several overseas markets including China, en route to becoming a top-five player internationally Subscribe to our newsletter. Saritha Rai Micromax — backed by influential US venture firm Sequoia Capital — is trying to build software services to enhance the appeal of its hardware.

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    10. Pivots and consolidation the Sequoia way

      Pivots and consolidation the Sequoia way

      Last Modified: Fri, Jun 03 2016. 01 42 AM IST Pivots and consolidation the Sequoia way Much like its venture capital peers, Sequoia Capital has been busy cleaning up—or rather, consolidating—its existing portfolio of start-up investments Subscribe to our newsletter. Snigdha Sengupta Nearly every venture capital shop active in the Indian market right now is spending considerable time cleaning out its portfolio.

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    11. 1mg raises funds from HBM Healthcare

      1mg raises funds from HBM Healthcare

      Last Modified: Tue, May 31 2016. 07 38 AM IST 1mg raises funds from HBM Healthcare Funding will help healthcare start-up 1mg fend off competition from rivals such as Sequoia Capital backed Practo Technologies Subscribe to our newsletter. Priyanka Sahay 1mg was earlier called HealthkartPlus, the generic drug search business of Healthkart, an online vendor of health products run by Bright Lifecare Pvt. Ltd. In April 2015, HealthkartPlus was spun off into a separate entity and rebranded 1mg.

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    12. Flipkart’s IIM hiring debacle, Zomato scaling down, Snapdeal top hire quits

      Flipkart’s IIM hiring debacle, Zomato scaling down, Snapdeal top hire quits

      Last Modified: Sat, May 28 2016. 11 14 AM IST Flipkart’s IIM hiring debacle, Zomato scaling down, Snapdeal top hire quits Flipkart defers joining dates for IIM grads; Zomato scales back operations in nine overseas markets; Snapdeal’s chief product officer leaves Subscribe to our newsletter. Mihir Dalal Separately, Morgan Stanley Mutual Fund Trust lowered its valuation estimate of Flipkart by 15.5%, for the second quarter in a row.

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    13. Healthcare: another gold rush in the making?

      Healthcare: another gold rush in the making?

      Last Modified: Fri, May 27 2016. 07 47 PM IST Healthcare: another gold rush in the making? Since March, investors have concluded around 17 deals that have something or the other to do with healthcare Subscribe to our newsletter. Snigdha Sengupta This month, HealthifyMe, an app that enables users to track their fitness and connects them with nutritionists and trainers, picked up $6 million in a Series A round of funds from IDG Ventures India, Inventus Capital and Blume Ventures.

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    14. Practo plans to take digital healthcare success abroad

      Practo plans to take digital healthcare success abroad

      Last Modified: Fri, May 27 2016. 08 48 AM IST Practo plans to take digital healthcare success abroad Practo is expanding in Indonesia, the Philippines and Singapore, and eyeing expansion in Latin America with an initial foray into Brazil in March Subscribe to our newsletter. Saritha Rai Since debuting in 2008, the Bangalore-based company connects 60 million users, 200,000 doctors and 10,000 hospitals.

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    15. Zomato’s losses mount in FY16, even as revenue doubles

      Zomato’s losses mount in FY16, even as revenue doubles

      Last Modified: Wed, May 25 2016. 10 01 PM IST Zomato’s losses mount in FY16, even as revenue doubles Zomato’s revenue surges 91.2% to Rs. 184.96 crore in the year ended 31 March from Rs. 96.73 crore in the previous year Subscribe to our newsletter. Sayan Chakraborty Zomato’s revenue surged 91.2% to Rs. 184.96 crore in the year ended 31 March from Rs. 96.73 crore in the previous year, according to Info Edge. Bengaluru: Food-tech company Zomato Media Pvt.

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    16. TinyOwl shuts services in a few regions

      TinyOwl shuts services in a few regions

      Last Modified: Mon, May 23 2016. 03 49 PM IST TinyOwl shuts services in a few regions TinyOwl says move is part of a rebranding exercise Subscribe to our newsletter. Ashna Ambre Tinyowl has on board 100 employees and all of them will be retained as part of the deal with Roadrunnr. Photo: Bloomberg Mumbai: Mumbai-based food ordering company TinyOwl Technology Pvt. Ltd has sent out an official update that it would discontinue operations in all locations other than Mumbai.

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    17. India’s food delivery start-ups head for shakeout as venture money slows

      India’s food delivery start-ups head for shakeout as venture money slows

      Last Modified: Wed, May 18 2016. 10 56 AM IST India’s food delivery start-ups head for shakeout as venture money slows Investors are now demanding that start-ups stanch losses and formulate a recipe for profitability Subscribe to our newsletter. Saritha Rai TinyOwl, a pioneering Mumbai-based food-delivery app that raised $23 million from investors including Sequoia Capital, has run through most of its money and will merge with a smaller delivery firm, Runnr.

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    18. Paytm says it has enough funds for five years

      Paytm says it has enough funds for five years

      Last Modified: Wed, May 18 2016. 02 40 PM IST Paytm says it has enough funds for five years We have enough money in the bank to last 21 quarters if we keep spending at the same rate as last year, says Vijay Shekhar Sharma, CEO of One97 that owns Paytm Subscribe to our newsletter. Bhuma Shrivastava Signage for Paytm is displayed at the One97 Communications Ltd. headquarters in Noida, Uttar Pradesh.

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    19. There is a right way to build a company—the Ujjivan story

      There is a right way to build a company—the Ujjivan story

      Last Modified: Wed, May 18 2016. 01 12 AM IST There is a right way to build a company—the Ujjivan story In a strange way, the Andhra crisis was good for Ujjivan. It catapulted Ujjivan to the top 3 among MFIs and helped demonstrate that the ‘Ujjivan way’ was the ‘right way’ to build a business Subscribe to our newsletter. Mohit Bhatnagar Strong business fundamentals helped Ujjivan pull through and raise successive rounds of capital to keep the fight alive. It’s 4am… my alarm rings.

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    20. Oyo posts 15x growth in booked room nights in Jan-March quarter

      Oyo posts 15x growth in booked room nights in Jan-March quarter

      Last Modified: Tue, May 10 2016. 10 53 PM IST Oyo posts 15x growth in booked room nights in Jan-March quarter Oyo Rooms currently claims to have 68,300 rooms across 5,855 partner hotels in India and targets to triple the inventory by 2016 end Subscribe to our newsletter. Priyanka Sahay A file photo of Ritesh Agarwal, founder and CEO, Oyo, who plans to grow deeper in all key business and leisure cities and triple Oyo’s inventory by December 2016.

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    21. Oyo posts 15-fold growth in booked room nights in Jan-March quarter

      Oyo posts 15-fold growth in booked room nights in Jan-March quarter

      Last Modified: Tue, May 10 2016. 09 50 PM IST Oyo posts 15-fold growth in booked room nights in Jan-March quarter Oyo Rooms currently claims to have 68,300 rooms across 5,855 partner hotels in India and targets to triple the inventory by 2016 end Subscribe to our newsletter. Priyanka Sahay File photo of Oyo chief Ritesh Agarwal. He says that the company plans to grow deeper in all key business and leisure cities by December 2016.

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    22. Pepperfry appoints Neelesh Talathi as Cfo

      Pepperfry appoints Neelesh Talathi as Cfo

      Last Modified: Tue, May 10 2016. 02 00 PM IST Pepperfry appoints Neelesh Talathi as CFO Neelesh Talathi will lead strategy, financial planning, accounting and legal and corporate affairs for Pepperfry Subscribe to our newsletter. Sayan Chakraborty Urban Ladder and Pepperfry, with $77 million and $128 million, respectively, in their kitty, are the most heavily-funded companies.

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    1-24 of 384 1 2 3 4 ... 14 15 16 »
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