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India emerges third-largest ecosystem for successful startups behind China, US: Hurun Global Unicorn List 2019
Fp Staff •Startups leading the pack from the country are payments solutions platform One97 Communications ($10 billion), cab aggregator Ola Cabs ($6 billion), online educator Byjus ($6 billion), and travel-stay finder OYO Rooms ($5 billion).
Startup India vs angel tax: Union Budget 2019-20 has offered some sops to startups, but will bureaucracy play spoilsport?
Dhruv Nath •Budget 2019-20 also said that startups which had approvals from the government would not be subject to angel tax
Sachin Bansal invests $32 million in electric vehicle manufacturer Ather Energy
•Ather Energy was one of the earliest startup investments of Bansal, when he invested $0.5 million in the firm as an angel investor in 2014
Former Vodafone Group CEO Arun Sarin joins Ola Electric Mobility board as Independent Director
•Ola Electric Mobility (OEM) Tuesday said it has appointed former Vodafone Group CEO Arun Sarin as an Independent Director on its board
Karnataka govt nixes suspension of Ola Cabs licence after company agrees to pay fine
•The Karnataka government on Sunday revoked the suspension on mobile application-based taxi aggregator Ola Cabs after it agreed to pay a fine for the operation of bike taxis 'illegally'
Karnataka govt suspends Ola's licence across state for six months as company flouts cab aggregators norms
Fp Staff •In February last year, the state transport department had asked Ola to stop its bike taxi services with immediate effect after a complaint.
Apple Maps finally gets turn-by-turn navigation in India; lets you book cabs
Tech2 News Staff •Transit options don't show up on Apple Maps just yet but you can walk or drive to your destination just fine.
Ola makes an investment of $100 million in Indian scooter sharing startup Vogo
•Vogo will use the investment money to expand its fleet by 100,000 scooters, which will further add to Ola app.
Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans
Narayanan Madhavan •Smartphones, the most visible symbol of "Digital India's" ambitious expansion, are increasingly Chinese.
Ola’s new ad campaign with Chetan Bhagat has backfired in a hilarious way
Tech2 News Staff •Twitter users are now joking that this ad was actually Uber’s to keep people from taking an Ola.