Salman S.H
Stories by Salman S.H
India: Ola Financial Services said to have raised $26.6m from Matrix Partners, Falcon Edge
Separately, the company's chief executive Nitin Gupta resigned from his position on Tuesday.
India: Urban Company FY20 revenue jumps 103% led by demand in beauty, wellness
The beauty and wellness vertical contributed to about 55 per cent of the company's revenues in FY20.
Indian consumer startups see surge in sales as bigger peers struggle
Many emerging brands resorted to localized selling and rationalized their supply chain to reach consumers faster.
Temasek-backed fitness startup Cure.fit downsizes India, UAE business
It has raised over $400 million to date from Temasek, Accel Partners, Kalaari Capital, and Chiratae.
India: Cab hailing platform Ola to resume operations in 100 cities
As a protocol, all Ola rides can originate and end in green and orange zones only within a city.
India: Sequoia-backed travel firm Flynote lays off staff amid virus crisis
Flynote has only ₹2 crore left in the banks of the ₹14 crore raised last year.
Indian startup lobby seeks exemption from Chinese FDI curbs
Since 2015, foreign investors have put in around $82.1 billion into Indian startups.
India: Twitter-backed ShareChat acquires meme-sharing app Memer
With the acquisition, Memer’s product suite will be integrated into ShareChat.
India: Udaan lays off over 2,000 contractual employees as coronavirus hits supply chains
Over the past month, Udaan has been facing a drop in business under its non-essential categories.
India: Two-wheeler marketplace CredR secures debt funding from Stride Ventures
The fresh debt funding will be utilized by the company for financing the purchase of automobiles.
