Salman S.H
Stories by Salman S.H
Indian cab-hailing firm Ola expands corporate travel service to international markets
Ola has expanded its corporate travel product in markets such as Australia, New Zealand and the UK.
Uber promotes Prabhjeet Singh to India and South Asia president
Uber laid off a fourth of its Indian workforce in May amidst the COVID-19 crisis.
India: Mystifly raises $3.3m in pre-Series B round led by Japan’s Recruit Holdings
The startup plans to raise an additional $30 million in its Series B round within the next few quarters.
Two senior executives of Indian cab aggregator Ola resign
Ola’s revenues declined sharply by 95 per cent during the lockdown in April and May, said its CEO.
Hospitality startup Oyo to focus on Europe, SEA, India as travel restrictions ease
The pandemic forced the company to cut back expenses and lay off employees across markets.
Uber shuts down Mumbai office as part of global cost cuts
Uber’s Mumbai employees will continue to work from home until December.
India: Goldman Sachs acquires Purplle’s angel investor shares at 40x premium
Purplle’s existing investors, including Blume Ventures, IvyCap Ventures and JSW Ventures.
India: Bike-sharing startup Bounce to lay off 22% of staff amid uncertainty
Bounce’s staff had agreed to forgo 20-60% of their compensation in April.
Virus-battered OYO suspends fixed payment guarantees to hotel partners
In its communication, Oyo has instead offered new contracts on a revenue share basis.
India: Flipkart co-founder Sachin Bansal’s Navi launches instant lending app
The process is entirely paperless and does not require customers to upload any documents like payslips or bank statements.
