BUSINESS
Kunal Shah's CRED to launch P2P lending feature Mint, denies funding talks
Shah expects that demand for his newest product will severely overshoot supply. He also denied being in discussions with Silicon Valley top fund Andreessen Horowitz for his next funding round.
BUSINESS
Dunzo enters online grocery race, launches 19-minute delivery in Bengaluru
Dunzo Daily, which launched in beta mode earlier this year said it has seen demand from users growing significantly week on week.
BUSINESS
INDmoney wants to become super money app: Ashish Kashyap
With an aim to provide end-to-end financial solutions, the company will soon be selling insurance through its platform. It will also look at offering on-tap loans through its platform.
BUSINESS
Consumers have evolved, the auto industry is a few decades behind: Ola founder and CEO Bhavish Aggarwal
We hope the industry rejects petrol and follows us in this electrification journey. It is what the country needs, says Ola's Bhavish Aggarwal
BUSINESS
The more unsexy a business, the more profitable it is: OfBusiness' Asish Mohapatra's motto
Why is an industrial goods and lending firm one of India's hottest startups today? Why does OfBusiness hire only freshers, that too from outside top colleges? And when the lines between work and life are blurred, how do you avoid a toxic work culture? Asish Mohapatra, co-founder and CEO of OfBusiness breaks down his work and life's philosophy, with unusual candor and quips in a detailed interview.
BUSINESS
Ola Electric scooter launched: Founder Bhavish Aggarwal calls it the best ever made
The Bhavish Aggarwal-led firm, spun off from ride-hailing firm Ola, is setting up a 500-acre factory in Tamil Nadu's Krishnagiri, with an aim to make 10 million vehicles a year at full capacity- making it the world's largest two-wheeler factory.
BUSINESS
Shankar Sharma is staying away from Internet IPOs in India: Here's why
First Global's Shankar Sharma, famously known as the Big Bear of Dalal Street, is not ready to bite the bullet, just yet and in a recent interaction on Moneycontrol Masterclass highlighted why he is bearish on the slew of Internet IPOs hitting the markets.
BUSINESS
How Robosoft's Rohith Bhat built a global company from a temple town in India
The company he founded, Robosoft, which counts Apple as its first customer, was acquired by Japan's TechnoPro Holdings for Rs 805 crore on August 10. The company is one of India's leading mobile app developers today, having built over 2000 apps till date, that together have been downloaded 1 billion times.
BUSINESS
Swiggy launches 15-30 minute grocery deliveries, expands Instamart to 5 more cities in India
This is the first major expansion after Instamart launched in Bengaluru and Gurugram last year. Interestingly, Zomato-backed Grofers recently said it enabled 15-minute express delivery for 7,000 households in Gurugram.
TRENDS
In the wild world of tech hiring in India, engineer is now king
The COVID-19 pandemic-led internet and technology boom has led to an accelerated shift to digital.
BUSINESS
Companies are placing more plants in offices, offering flexibility as employees weigh return to workplace: Quess Corp CEO
Most employees will be happy to come back to work -- it’s a pain but it improves social lives, productivity and career prospects because it is also the place to build networks, says Suraj Moraje, Managing Director & Group CEO of Quess Corp.
BUSINESS
EXCLUSIVE: Cognizant sees more top-deck exits—execs leading talent acquisition and global delivery leave
These exits are likely to hurt Cognizant as they come at a time when the company is seeing record attrition and is looking at hiring 1 lakh experienced professionals.
BUSINESS
BharatPe joins unicorn club, raises $370 million at a valuation of $2.85 billion
BharatPe was previously valued at over $900 million barely nine months ago. Of the $370 million, the secondary component is $20 million, giving an opportunity for its angel investors and employees to cash out.
BUSINESS
UST to hire over 10,000 employees in 2021
UST does not have any immediate plans to bring back their staff to offices.
BUSINESS
Work from office vs work from home: Will companies decide or employees?
How can organisations provide models that satisfy all workers? Does a hybrid work model foster better work relationships? These are some of the questions that top business leaders answered on the 11th episode of Moneycontrol Masterclass.
BUSINESS
Cognizant attrition rate hits record high of 31%; company to make 100,000 lateral hires this year
While the company has planned targeted compensation revisions, job promotions and job rotations to retain talent, it expects elevated attrition to continue.
BUSINESS
More pain for Cognizant as attrition set to spike again this quarter
While attrition is going up for all IT companies as engineers are spoilt for choice in the current job market, Cognizant's attrition is likely to be at elevated levels compared to peers.
BUSINESS
Freshworks, Eka Software founders launch Together, a $85 million VC fund for SaaS startups
Freshworks founder Girish Mathrubootham, Eka Software founder Manav Garg and Shubham Gupta, a former investor with Matrix Partners have come together to start a VC fund to invest in SaaS startups exclusively
TRENDS
Ola's Bhavish Aggarwal has a message for Tesla's Elon Musk: Build, don't just import
The co-founder and CEO of Ola said he 'strongly disagrees' with Tesla's Elon Musk and Hyundai's SS Kim who called for lower duties on imported EVs
BUSINESS
It is time we accepted English as an Indian language and encourage it as any other Indian language: Infosys founder Narayana Murthy
Murthy, a doyen of the Indian IT industry, spoke to Moneycontrol on India marking 30 years of economic reforms.
BUSINESS
Want to IPO in 12-18 months, going public is a big aspiration: Byju Raveendran
Online learning firm Byju's, India's most valuable startup, has acquired companies for $2 billion in the last six months alone. Foundeer Byju Raveendran and Mohan Lakhamraju, CEO of Great Learning talk about its latest acquisition, China's edtech crackdown and future plans
BUSINESS
Why Byju's is betting big on the upskilling space
Byju's, India's most valuable internet startup continues its acquisition spree, buying Great Learning for $600 million.
BUSINESS
Listing ceremony in cafeteria, digital buzzer, pizza for employees: How Zomato went public
For a public issue that generated huge interest, Zomato's listing ceremony was quite understated.
BUSINESS
KV Kamath: The runway for India is another 25 years, digital supercycle is going to come like a wave
The former chief of ICICI Bank and New Development Bank is particularly bullish on what he calls the 'digital supercycle' that has already created millions of jobs and spurred consumption, something that India hasn't yet fully factored in
