Around 500 people have signed up on Ola's platform for the Bike Taxis service.
Most Indian start-ups and e-commerce are largely funded by foreign investors
The e-commerce industry is expected to return to high growth next year as large players such as Amazon, Flipkart and Paytm Mall begin to look beyond the 20 million customers who shop online on a monthly basis.
With regard to his investment in Ola, Bansal said that on the one hand, the ride-hailing major had emerged as a global force in the mobility space and on the other it continued to build deeper for various needs of a billion Indians through its platform. This is the largest funding by an individual in the app cab.
Under the ambit of probe is how former exec Eric Alexander obtained medical records of woman who was raped by an Uber driver in Delhi in 2014
'A 2018 murder may lead to shifts in the geopolitical order and impact at least one monarchy,' says Devangshu Datta.
The industry is looking at a promising 2016, though experts and even the investors anticipate correction on the valuation side
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
Most of the unicorns or billion-dollar valuation firms including Flipkart, Paytm and Ola have had the maximum stakes owned by foreign funds. The founders of all these firms have either single digit stakes in their companies or in low double digits.
Uber and Ola continued to operate in New Delhi while their licence applications were pending approval.
Paisa Bazaar, which recently forayed into online mutual fund distribution, has come out with a 20-second video clip featuring Bollywood actor Akshay Kumar. The ad, which talks about the benefits of investing in direct plans, has already got 1.6 million views on YouTube.
Paytm, which recently hived off its e-commerce and payments bank businesses into separate companies, would use these fresh funds to bolster the two businesses
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Ola's rival Uber is trying to set up a local engineering centre in Bengaluru.
Find out which devices are most vulnerable.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Snapdeal has a number of shareholders including Ontario Teachers' Pension Plan, PremjiInvest, Ratan Tata, Foxconn, Temasek and BlackRock, among others.
The ban on taxi aggregators can put at risk investments of at least Rs 2,000 crore (Rs 20 billion), made by private equity (PE) and venture capital (VC) investors.
Internet entrepreneurs are the next big thing in India.
Uber is suing Ola for $7.5 million to compensate for lost revenue and goodwill, alleging the Indian market leader created about 94,000 fake user accounts with the ride-hailing service and used them to make more than 405,000 false bookings
Flipkart eyes another $500 mn from eBay, which seeks to merge India ops with it and exit business
Bob van Dijk, chief executive officer of Naspers, is now betting on companies in food tech, payments, travel and other consumer sectors to tap the potential of the Indian market.
InMobi helps companies target the users of phones.
On his personal Google+ page, the 52-year old announced his plans.
Ola Cabs acquires TaxiForSure in $200-mn deal.
If Modi rethinks on pro-biz policies, investors will suffer.
The cost of luring buyers and sellers to its platform means the new funds won't last long.
India's e-commerce sector is expected to touch $22bn in 2015.
As regular promotional discounts and offers rolled out by well-funded apps determine the demand trend, online hospitality aggregators face growing discontent from restaurants and hotels over commissions and pricing power.
Former England captain David Beckham was officially awarded a Major League Soccer (MLS) franchise in Miami on Monday with hopes that the team will begin playing in 2020.
The company may also proceed with a plan to spin off more than $30 billion in shares of Alibaba
Flipkart's appointment of Kalyan Krishnamurthy as CEO and Ola's choice of PepsiCo's Vishal Kaul for COO speaks to the growing trend of bringing in experienced professionals to run business. Karan Choudhury reports.
Grant Thornton reports says total value of deals in 2013 crosses $8 bn, up 34% from the year-ago period, momentum likely to continue
If Sachin Bansal sells his stake at a little over 5 per cent and steps down from Flipkart, as reports have suggested recently, either Binny Bansal or Kalyan Krishnamurthy, CEO of Flipkart, could be an option for the leadership position.
The US-based firm has marked down the value of Flipkart for the sixth time, the latest at a time when it has been struggling to raise funds at a valuation higher than or equal to $15.2 billion.
Dara Khosrowshahi has the Herculean task of repairing Uber's image, boosting employee morale and turning the business profitable for the world's most valued startup.
'If Walmart is a physical retailer, why is it striking a deal with Flipkart for the online space?'
Raghu Krishnan profiles the man in the eye of the storm at Infosys.
Tencent reinforces India's consumer internet story. Ranju Sarkar reports.
Not chasing IIM-A graduates whose joining dates have been deferred by rival Flipkart, says the company
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