India’s largest cab aggregator service and ride hailing application Ola has raised fresh funding from Japanese investor SoftBank Group. SoftBank
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TRANSPORT
Bajaj Auto veterans to start a finance company specifically targeting used two-wheeler segment
Although India boasts of one of the largest automobile manufacturing and financing industry, the second-hand market is still fragmented and
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Airbnb launches a new travel service “Trips”; baking on diversification of business verticals
Airbnb, the firm responsible for bringing revolution in the travel business, is on a diversification plan, and seeks businesses which
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SpaceX plans to send 2 tourists around the moon in 2018
SpaceX, Elon Musk’s ambitious aeronautical startup, is planning to send two people around the moon and back to earth in
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Logistics startup Delhivery expected to raise $100 million of fresh capital
Delhivery, the ground logistics startup, is in talks to raise $100 million fresh capital from PE firm The Carlyle Group
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Mahindra Electric leveraging domestic startup industry to power its sales growth
Mahindra Electric, one of the few manufacturers of electric vehicles in the country, is banking on the growing intra city
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Stayzilla stops operations; to focus on new business model
Stayzilla, online homestay and alternate stay aggregator, suspended its operations recently, and is planning to come back online with a
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Uber orders immediate investigation into sexual harassment claims denting the startup’s image
Uber, world’s largest ride sharing firm, was rocked by sexual harassment claims by one of its former women employee, and
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Vanguard slashes Ola’s valuation by 40%
Vanguard, US based investment group, slashed the valuation of India’s largest ride-hailing company Ola by ~40% to $3 billion, a
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Airbnb expects to turn profitable in 2017; Uber on the other hand is losing billions
Airbnb, world’s largest home and apartment-rental company, expects to turn operationally profitable (i.e. before EBITDA) in 2017. The company’s revenues
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