With the deal closing, SoftBank becomes an investor in two of India's largest on-demand cab service -- Uber and Ola.
It was investing heavily in finding new ways to gauge driver behaviour apart from just relying on feedback provided by riders.
Prime Minister Narendra Modi had announced the policy last month.
The car was expected to have a price tag of Rs 10 lakh and launch was slated for this June.
The country came to a virtual stand-still when trade unions called a two-day general strike on February 20 pressing for implementation of their 10-point charter of demands.
The delivery staff who drop off packages for online retail giants or food or ferry passengers around the city in their taxis are among the worst affected by the capital's foul air.
Rajesh Pillai recounts two pleasant experiences he had with auto drivers. You can share yours too.
'It is going to be extremely rapid and anybody who is not there, be it investor, manufacturer, supplier, will miss out.'
The fresh funds would be used for expansion of Meru's network.
Taizo Son, SoftBank founder Masayoshi Son's youngest brother, is also planning to enter India.
Most Indian start-ups and e-commerce are largely funded by foreign investors
India turns talent backyard for Southeast Asian taxi apps to fight Uber.
Not just from the likes of Alibaba and Didi Chuxing, Indian startups saw a surge in Chinese funding from financial investors in 2019. This is a seven-fold jump from $459 million in 2016.
Uber says it is engaging with state govt to explain why its business model encourages savings for customers.
Quelling fears of a takeover by Ola, which is also funded by Uber's major investor SoftBank Group, the US-based cab aggregating giant made it clear that the company was not ceding its position in India, one of its core markets.
The company has been a part of the start-up ecosystem in a big way from early stages right up to when the companies start achieving full scale.
Half of the people earning between Rs 30 lakh and Rs 70 lakh will lose their jobs in next 10 years.
It's high time we now turn the popular question on its head -- when there is no growth in jobs for several years, how can the real GDP grow at 7 per cent per annum, says Mahesh Vyas.
Vijay Shekhar Sharma, head of Paytm, says they'd achieve their 500-million user target by 2018, two years before the earlier aim.
In about a year, top e-commerce companies are expected to raise as much funds as the three sector leaders raised in about five years.
Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation
Meru Cabs is in talks with Chinese e-commerce giant Alibaba.
Mass mobility in India is in a race when the light turns from yellow to green. Just that this moment has lasted three years. The renewed enthusiasm, however, indicates that the lights may finally be about to change, says Patanjali Pahwa.
Meru Cabs and OlaCabs among radio cabs and bus ticket booking provider Redbus have been using big data analytics.
Housing.com CEO takes a dig at Vishal Sikka.
Over the last 12 months, thanks to bold bets by venture capital firms like Sequoia, SoftBank Vision Fund, and foreign strategic investors like Naspers, pipeline of start-ups with potential to achieve $1 bn in valuation is at an all-time high.
Internet entrepreneurs are the next big thing in India.
EV players suggest a reduction in the goods and services tax on batteries from 18 to 5 per cent as it would help push demand.
TaxiForSure's Aprameya Radhakrishna's new venture, Vokal, is a peer-to-peer content generation platform that is a cross between Reddit and Quora.
'Don't waste your time in doing long pointless graduation courses.' 'Try and get into an apprenticeship or a job after Class 10 or Class 12, as there is always time to get back to academics and learn new skills.'
India ranks third among global startup ecosystems.
'While we may speculate about personality politics, the reality is that there are more important issues that drive the India-US relationship.'
The new feature is up and running in Nagpur, Guwahati and Jodhpur
The $306-million investment in Ola Electric Mobility by SoftBank Corp, Arun Sarin Family, Ratan Tata and Matrix has been the biggest funding in this space in value terms this year.
Experts believe more efforts would be needed in future funding rounds.
The move is prompted by the disruption in the car usage pattern caused by the app-based ride-hailing companies such Ola and Uber
Valued at $5 billion, Byju's has seen growth sky rocket in the last two years on the back of mega VC top-ups.
India is the next major breeding ground for start-ups.
'My turnover is in crores. I am not going to sit down with IT officials, explaining where I got the notes from.' 'I would rather wait a few days for business to come back to normal.'
The Tiger Global-backed company says the layoffs would affect all teams.
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