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14 January, 2019 12:33 PM Sachin Bansal invests Rs 150-cr in Ola

New Delhi: Flipkart co-founder Sachin Bansal has pumped in about Rs 150 crore in ride-hailing platform Ola, according to documents filed with the Corporate Affairs Ministry. "... 70,588 fully and compulsorily convertible, cumulative 'Series J' Preference Shares' having face value of Rs 10 having the rights, privileges and preferences... Is hereby allotted 465

14 January, 2019 8:23 AM Flipkart founder Sachin Bansal takes a $21 million ride in Ola

Sachin Bansal has invested Rs 150 crore in ride hailing firm Ola, a week after it raised $74 million from existing investor Steadview Capital, according to documents filed with the Registrar of Companies (ROC) sourced from data intelligence firm PaperVC. Bansal, who is also setting up a $1 billion fund, has invested here in his individual capacity 135

2 January, 2019 3:11 PM Uber India revenue zooms to Rs 21.5 cr in FY18

The company had posted total revenue of Rs 1.04 crore in 2016-17. US-based cab-hailing platform Uber saw its revenue growing manifold from India business to Rs 21.5 crore in the fiscal ended March 2018, according to documents filed with the corporate affairs ministry. The company, which competes with rival Ola in India and other international markets 78

21 December, 2018 12:50 PM Swiggy's $1billion funding does not mean it can win the food delivery sweepstakes

How Swiggy uses the $1billion or Rs 7,000 crore it has raised from existing and new investors, will determine if it can take a convincing lead in the food delivery market. On December 20, food delivery company Swiggy raised $1 billion from existing investors Naspers, DST Global, Meituan Dianping, Coatue Management and new investors Tencent, Hillhouse 127

18 December, 2018 10:16 AM Ola to invest $100mn in scooter sharing startup Vogo

New Delhi: Ride hailing platform Ola Tuesday said it is investing USD 100 million in scooter-sharing platform Vogo. “As part of this partnership, Ola will boost Vogo’s supply by investing in 100,000 scooters on the Vogo platform, worth $100Mn,” a company statement said. The company said that this infusion will give Vogo a strategic supply advantage without 122

18 December, 2018 7:51 AM Ola To Invest $100 Million In Scooter Sharing Start-Up Vogo

NEW DELHI: Ride-hailing firm Ola will invest $100 million in Vogo, a domestic scooter sharing start-up, and add the company's fleet of two-wheelers to the Ola app to broaden the range of vehicles it offers, the companies said in a joint statement on Tuesday. Vogo, which provides services in Bengaluru and Hyderabad, will use the money to expand its fleet 75

21 November, 2018 10:54 AM PhonePe crosses milestone of 1 billion transactions on app

Flipkart-owned PhonePe on November 21 said it has crossed 1 billion payment transactions on its mobile app. The company, which competes with Softbank-backed Paytm and Mobikwik, had crossed 100 million users in June. PhonePe has seen rapid acceptance across India including in its tier 2 and tier 3 cities. Using PhonePe, users can send and receive money 109

8 November, 2018 4:30 PM How To Avail 250 Rupee Discount On Ola Ride Through BHIM SBI Pay

State Bank of India (SBI) has said the discount offer is available in select cities, including Mumbai and Pune. SBI or State Bank of India has announced a discount of up to Rs 250 on booking of an Ola cab ride in a limited-period scheme. The offer, SBI said on microblogging website Twitter, is valid till December 15, 2018. In order to avail the discount 108

22 October, 2018 2:30 AM Man Arrested With 131 Cartons Of Spurious Liquor In Delhi

The police arrested Ravi while his co-accused Sandeep alias Sonu, a resident of Jhajjar district in Haryana, managed to escape. A 25-year-old man was arrested after 131 cartons of spurious liquor were seized from his possession, police said Sunday. The accused was identified as Ravi, resident of Jhajjar district in Haryana, said Additional Commissioner 414

27 September, 2018 10:04 AM Foodpanda expands to 13 new cities

Online food ordering and delivery platform Foodpanda India Thursday said it has expanded its delivery network to 13 new cities as part of its expansion strategy. The company's delivery network already exists in seven cities namely Bengaluru, Mumbai, New Delhi, Kolkata, Chennai, Hyderabad and Pune. "We are in the midst of a fast-paced nationwide expansion 86