'Ola in India makes money on every ride. Our focus over the past couple of years has been to keep growing the market and our share in the market and build up on sustainable business,' says co-founder and CEO Bhavish Aggarwal.
Panaya drags Q1 profits though revenue improves on the back of large deal wins, good traction in North America.
It has once again returned to strong growth after a brief hiatus, spurred by the return of investors' confidence (and cash) in India's online food ordering sector.
Dahiya's first internet-based venture to sell insurance failed, but he was convinced digital was the future
The new device, building by a team of Indian Institute of Science, Bengaluru, will keep the heart in good condition for about eight hours.
Swiggy is shoring up capital to defend its position as India's largest food-ordering app as rivals Zomato and FoodPanda focus on growth after receiving funds
While experts claimed that Patanjali's Swadeshi messaging app was removed form Google Play over security concerns, Kimbho declared that it was removed because of heavy traffic.
He says that while 30 per cent of parts must be locally sourced, the supply doesn't yet exist in India to support that
Ather Energy would set up 30 charging points across Bengaluru by the end of May and the number would go up to 60 by the end of the year.
In a filing with the US Security and Exchange Commission on Friday, Walmart said it would allow the initial public offering of Flipkart in four years at a valuation no less than what it invested in the e-commerce firm, if a grouping of minority shareholders asks for it.
The latest infusion brings the total capital pumped into Amazon's e-commerce business in India to Rs 22,390 crore
The new deal will value Flipkart at close to $19 billion on the secondary market, a huge jump from Walmart's initial offer to investors.
Electric mobility in India is touted to be the way to the future, but implementation of large-scale projects to bring infrastructure for charging is still lacking.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
According to a source SoftBank is in favour of Ola acquiring the Indian unit of Uber, but the finer details of the deal are being discussed
While Mahindra isn't the first person to think that building a social network out of India was a good idea, past attempts have all failed to compete with the multi-billion dollar giants Google, Facebook, Twitter, Instagram, WhatsApp and the like.
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
In an email interview with Ranju Sarkar, International Finance Corporation's South Asia director Mengistu Alemayehu explains why the firm is bullish on building affordable homes in India.
'We've seen tremendous traction from fruit and vegetables.' 'Around 18% of our business comes from these, almost three times higher than physical stores.'
Experts say the new security features will significantly ensure there is no 'large-scale theft of people's identity'.
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