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From 471 in 2016 to 72,993 start-ups as on June 30, 2022, India registered a whopping rise of 15,400 percent in the number of startups in six years, according to Ministry of Commerce and Industry. From tea to taking payloads into space, beauty, accommodation, UX-UI, fintech, clean tech, and agritech, the Indian start-up ecosystem has 100 unicorns and still growing. Here’s a look at some start-ups that are playing a role in boosting the country’s share and innovation prowess in the global digital economy.
The move to undertake layoffs also comes days after Ola decided to shut down Ola Dash, its quick commerce business, and also recast its cars business to focus more on strengthening its electric division.
In an official statement, Ola said that it has shut down Ola Dash, its quick commerce business, and will be recasting its cars business to focus more on strengthening its electric division.
For one family, an outstation trip in an Ola cab ended on a sour note after they were left “abandoned” on the highway.
Bhavish Aggarwal also tweeted a video of the scooter’s navigation system replete with several other key features that he asked his followers to spot.
A LinkedIn user shared his unpleasant experience saying the marketing gimmick was in poor taste especially for people like him who had recently lost their mothers.
In an interview with CNBC TV18, Ola Electric’s Chief Marketing Officer Varun Dubey addressed some of the burning questions that customers have been asking all along
The newly minted startup Amnic will operate in the DevOps (software development and IT operations) toolchain space, where it will help businesses maintain a software development pipeline and make the process easier.
Munjal joined ANI Technologies, the parent company of Ola in March 2015, prior to which he was with GE Healthcare. At the same time, Balachandar N, joined Ola Electric in May 2021, after a nine-year stint as Group Director-HR of the Cafe Coffee Day group.
Ola Electric has opened reservations for its electric scooter, and said that customers can reserve their Ola Scooter for a refundable deposit of Rs 499. The pricing of the scooter is yet to be revealed along with specifications. However, teasers from Ola Electric have confirmed a few 'best in segment' features in the soon-to-be-launched scooter. Here is a peak at what’s in store.
Six senior executives of the Uber rival have resigned from in the UK, Australia and New Zealand
An Ola spokesperson said a part of these opportunities would be aimed towards development of the driver-partner ecosystem in Haryana.
This is possible because of a glitch in the Ola Cabs app
Ola had earlier shut down its food delivery venture Ola Cafe after it faced stiff competition from other food delivery companies such as Swiggy, Tinyowl, and Zomato
The incident took place on Sunday night when the 23 year old woman, who works as a fashion stylist took the cab to travel from Indiranagar to BTM layout
SoftBank is in talks with Tiger Global for its 20 percent stake for an estimated valuation of USD 650-700 million, sources said.
Jivrajka worked as the one-man call centre for the company which provided outstation rentals through phone and a basic website
The merchant bank - which focuses on technology, media and telecommunications - has hired former UBS banker Gaurav Mehta to head its India business as managing director, it said in a statement.
CNBC-TV18 will felicitate the leaders who have led the country’s glorious journey from the front, in the 12th edition of CNBC-TV18's India Business Leader Awards (IBLA) on March 23. The business leadership awards recognise leaders who create and sustain entrepreneurial initiatives, develop best practices and carve out powerful businesses in the global economy.
Indian start-ups are going on a warpath against their multi-national rivals. While taxi sharing platforms Ola and Meru have launched an attack on Uber asking the government to curb "capital dumping" from foreign players, e-wallet firm Mobikwik has launched a blistering attack on its rival Paytm which is funded by China's Alibaba.
With banks and ATMs not being able to cope with the rush for access to lower denomination or new currency after old Rs 500 and 1,000 notes were banned, cash dispensing through swipe of debit cards at POS machines was introduced at around 3,700 petrol pumps.
After taxi aggregator Uber, auto-booking app Jugnoo has also alleged Ola of using "unethical practices to sabotage" its business.
As per the revised tariff, UberGO in Chennai would cost Rs 6 per km versus Rs 8 earlier, while UberX (Sedan) fares would be Rs 7 per km, compared to Rs 9 earlier. In Kolkata, uberGO fares have also been reduced to Rs 7 per km from Rs 9.
Rajiv Bansal, one of the most influential people in the technology space and the new CFO of Ola Cabs says, IPO is not as much the objective as being IPO-ready is.