The ban in India would hit Chinese internet companies that were making headway in the world's fastest-growing mobile market.
Ridlr will become a wholly-owned subsidiary of ANI Technologies, which owns Ola brand. Ridlr's team of 64 employees will now become a part of Ola.
'We look forward to providing great customer experiences in India.'
The layoffs will be restricted to the Indian business.
According to experts, the banning of the apps has created negative sentiments and reduced the confidence among the Chinese investors to invest in India.
According to draft Code on Social Security, 2019, gig and platform workers will be entitled to life and disability cover, health and maternity benefits, among others.
Ola was supposed to expand to the Netherlands, Kenya, Dubai, Israel, and Brazil.
The new tranche of funding raises Ola's valuation to $5.74 billion from $4.45 billion in October 2017
While 2017 was a record year for private equity investments in India after $23.5 billion in 660 deals, 2018 too has begun with a bang.
It is time he stood up and assured the middle class that they can count on him as one of their own, says Dr Sudhir Bisht.
From $10 billion deployed in Indian start-ups in 2017, $6 billion went to unicorns
Experts argue that the top two players in each category will receive funding sooner or later, but for laggards, the market is still challenging
As 8 new startups join the 2018 club, average time taken to be a $1 billion firm now stands at 5-7 years, next only to China, says a Nasscom report
The aim is to replace nearly 40 per cent of its existing last mile fleet of delivery vans with EVs by March 2020. o start with, the company is looking at deploying nearly 160 e-vans by the end of 2019.
Amid the crisis has risen an outpouring of empathy from ordinary people across India led by the civil society, who have stepped up to help migrant labourers, domestic helps, construction workers, and small scale workers who were left jobless because of the nationwide lockdown.
Apart from the Google team led by AI scientist Manish Gupta, the company will also partner with the research community across the country to focus on tackling challenges in fields like healthcare, agriculture, and education.
After the Google investment, the company's monthly transactions have spiralled up from 65,000 to nearly one million in just a year. According to reports, the start-up is in fresh talks to raise about $6 million from investors, including Google, says Samreen Ahmad.
As per the ministry's updated data on coronavirus cases Saturday morning, six fresh deaths were reported -- three from Maharahtra, two from Delhi and one from Gujarat.
Companies are looking for an engaging hook, and sound is universally seen as a big emotional connector, finds Nikhat Hetavkar.
The Gurugram-based company had acquired Lucknow-based drone manufacturer and consultant start-up TechEagle in December, to expand food delivery using drones
The hyperlocal logistics company hires delivery boys to work for a diverse set of clients like Amazon, Bigbasket, Swiggy and McDonald's. Apurva Venkat finds out why clients and investors love it.
Company's revenue rises 3-fold to touch $206 million while total cost jumps over 6 times to $500 million
Sidhu Humanabade was passing by when he saw smoke billowing out from the upper floors of the ESIC Kamgar Hospital in Andheri. He left his bike and asked the firemen if he could join them in the rescue operation.
The government, in February, had released the draft national e-commerce policy proposing setting up a legal and technological framework for restrictions on cross-border data flow and also laid out conditions for businesses regarding collection or processing of sensitive data locally and storing it abroad.
'Google and Facebook need to be tamed, their garb of 'Investing in India's future' need to be pulled off,' observes Vibhu Arya.
Apart from making your purchases on these platforms expensive, it will also mean sellers will have to face the brunt of reduced cash flows amid already low margins for some. Experts said the proposal, which will take effect on April 1, 2020, and will be inserted as a new section in the Income Tax Act, is expected to affect the working capital of e-commerce companies and reduce cash flows for e-sellers.
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Ola's rival Uber is trying to set up a local engineering centre in Bengaluru.
Following their passion paid off for Harsh Jain and Bhavit Sheth with their fantasy sports platform Dream11 entering the unicorn club with a valuation of over $1 billion.
Zomato is investing in setting up infrastructure, which existing restaurants will be able to use'.
Under its door-step delivery model, consumers can shop at any of the three Future Group-owned convenience formats - Easyday, Nilgiris and Heritage - both online or offline.
Mumbai's Charcoal Eats is giving biryani a fast food makeover. Charcoal Eats has recently raised Rs 50 million in pre-series A funding, taking its total capital raised in 30 months to Rs 120 million.
While it is heartening to see companies chipping in with their messages of support, they are probably walking a tightrope here.
'As long as people are eating we will be there,' Rebel Foods CEO Jaydeep Barman tells Viveat Susan Pinto and Niraj Bhatt.
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.
'The economy is in a free fall.'
'And it's been declining for so long, so consistently, that the promise of growth and better days now looks a fantasy.' 'A mid-1970s kind of pessimism, even hopelessness, is growing among the young.' 'This isn't what Mr Modi promised them.' 'Their aspirations and needs are clear and present, and not being fulfilled,' notes Shekhar Gupta.
Many small-scale start-ups are operational in this space for some years now. Larger players, too, seem to have realised the potential and are now entering into the fray, mostly through acquisitions.
From PhonePe to Jio, everyone wants to be a Super App but it is still unclear if they will actually work in India.
'People can relate to him much the way they did with a young Sachin Tendulkar 30 years ago.'
'We are offering one year of free music and three months of free movies to a million users through MIUI8.'
'We have to accept that the infection is now in the community and we can't isolate everyone who gets it.' 'Instead, what we need to do is to find out those who are most at risk of death, isolate them and save them from the rest.'
