There are about 600,000 taxis in India, generating combined annual revenue of about Rs 11,000 crore (Rs 110 billion).
As billions of dollars flow into India's booming online economy, some investors are beginning to fret that soaring valuations could hamper market listings.
The 'angel tax' and notices to start-ups and angel investors from the income tax department was certainly a dampener. However, a bigger factor is the lack of exits.
Sayre Therapeutics aims for a spot among top 5 players in oncology.
MySmartPrice has been growing about 100 per cent a year and is profitable.
Blablacars enables private cars to seek fellow passengers for inter-city commute.
Investments are at risk if operators are unable to resolve concerns of authorities and customers after the rape accusation.
In just three years the online real estate portal has managed to raise about Rs 270 crore.
Investors seem to be very keen on investing in startups.
No longer an in-house task; hiring legal eagles is now becoming norm for M&As, fundraising
Mitra Biotech's personalised cancer therapy could be a game changer in the field of cancer medicine.
23 Yards will include body wash, beard oil, shaving gel, deodorant and sanitizer.
Flipkart intends to use the funds for building and strengthening its technology capabilities, bolstering the robust supply chain and developing the talent pool.
Morgan Stanley writing down its investment in the e-commerce leader by 27 per cent does not augur well for the sector.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
'Imagine taking care of a patient who is infected with Covid. A human nurse is unable to do that due to fear of infection. The robot can do that task, while it is controlled or supervised by the human nurse. So the robot becomes an extension of the nurse.'
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
These days, one frequently hears of consolidation, rollback and even closure from the start-up world.
Swiggy, a Bengaluru-based food ordering and delivery start-up, says it aims to revolutionise this segment.
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.
With the launch of Woohoo, QwikCilver now targets two markets in India - the gifting market, worth $7 billion and gift cards as a category.
Enforcement Directorate sources tell Vicky Nanjappa/Rediff.com that the probe into FDI received by Flipkart continues and a show cause notice will be issued to the online retailer.
A combination of bank guarantees, letters of credit, buyer's credit for computer servers have been provided to the two local operational arms by Kotak Mahindra Bank and Deutsche Bank.
Meru Cabs' founder says they were a traditional company.
Start-ups have begun looking at ways to conserve cash.
Venture capitalists are leveraging their experience to build something new.
The numbers in India may not be as big but the opportunity for serious growth is all there.
After six years in the business, the scorecard of Bengaluru-based QwikCilver is impressive, with a 90 per cent market share.
Power2SME, a one-stop shop for sourcing and buying raw materials for SMEs, is the only B2B firm in this space.
'We had a great product for the global market and we could sell it globally resulting in this amazing growth.' 'When customers come online and buy a product, they don't look at whether it is created in India or somewhere else.'
'If the RBI blesses us with a banking licence, we would like to launch a successful bank.'
UrbanClap's business model is still a work in progress.
Anjana Reddy explores the market for home-grown Indian celebrity fashion brands at affordable prices.
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