Former Fidelity India executive Pratul Chopra joins Flipkart

Pratul-Chopra_feThe founder of carpooling app iRideShare and former head of marketing analytics at Fidelity India Pratul Chopra has joined Flipkart’s senior leadership team. At Fidelity, Chopra had worked under Nitin Seth, former country head of Fidelity in India and currently Flipkart’s chief operating officer. Chopra joined on Monday and will be part of strategy deployment. […]

Read more

We went through near-death experience many times, says Nutanix founder

Dheeraj-PandeyThough Dheeraj Pandey is fairly well known and connected among the who’s who of the tech industry, he hit headlines in his home country only late last year. Cloud computing firm Nutanix, which Pandey co-founded seven years ago in Silicon Valley, exceeded market expectations during its Nasdaq debut in September to hit a $5 billion […]

Read more

Microsoft’s India cloud plans get booster shot as Flipkart signs up

Binny-Bansal,GroupCEOand-Co-FoundSatyaNadellaCEOMicrosoft_tc_feGlobal technology leader Microsoft and India’s top e-commerce firm Flipkart have announced a broad collaboration under which, as a first step, the latter will use Microsoft Azure as its exclusive public cloud platform. Microsoft CEO Satya Nadella and Flipkart group CEO Binny Bansal together announced the partnership at an event in Bangalore on Monday. The […]

Read more

Flipkart has no plans to cut jobs, says COO Nitin Seth

VCCircle_Flipkart8Flipkart’s chief operating officer Nitin Seth has allayed fears that employee rationalisation, which has been rearing its head in the country’s e-commerce sector, will engulf the company as well. “We had to go through that phase last year but with the growth we saw in the last quarter and January, and with February shaping up […]

Read more

Delhi High Court orders probe into alleged fraud at AskMe

For-LawRato-Story-VC_Court_ThinkstockPhotos-509557490The Delhi High Court, while appointing a provisional liquidator for Getit Infoservices Pvt. Ltd earlier this month, also directed the Serious Fraud Investigation Office (SFIO) to probe allegations of misappropriation of funds and company assets. Getit, which ran e-commerce marketplace AskMe.com and a bunch of online retail ventures, became defunct in August last year when […]

Read more

Storm in Bombay House over, Ratan Tata to resume startup investing soon

VCCircle_Ratan_TataTata Sons interim chairman Ratan Tata has said he would go back to investing in startups this month after handing over the reins of the Tata group to N Chandrasekaran, managing director and chief executive of Tata Consultancy Services (TCS), who will formally take over on 23 February. After retiring as the head of Tata […]

Read more

Exclusive: Uber to take on Ola Shuttle soon with bus, van ride-sharing

Uber_big_feNotwithstanding its constant denial, Uber is moving fast on introducing ride-sharing on vans and buses in India, with a likely launch of the service within three months, according to two persons in the industry briefed on the matter. San Francisco-based Uber, the world’s most valued startup, is thus opening another front in its direct battle […]

Read more

Uber hires former Tata Sons exec Madhu Kannan to drive India business

UBER007Ride-hailing firm Uber Technologies Inc said on Thursday it has appointed Madhu Kannan as its chief business officer for India and emerging markets with effect from 3 February. Kannan will be responsible for growing Uber’s business in India and new emerging markets in the Asia Pacific region through strategic partnerships and investment opportunities, Uber said […]

Read more

Exclusive: Ola CMO said to have quit, CFO Bansal may follow suit

OlaTop-level churn seems to be brewing at Ola with its chief marketing officer (CMO) Raghuvesh Sarup said to have quit the cab-hailing company, according to multiple people aware of the development. Two persons with direct access to the information told Techcircle that chief financial officer (CFO) Rajiv Bansal may also be on his way out. […]

Read more

Exclusive: Former Zephyr Peacock MD, ZipDial’s Pathak launch fin-tech startup

Sachin Maheshwari and Amiya Pathak, Cofounders of EzCredFormer Zephyr Peacock India managing director Sachin Maheshwari and ZipDial co-founder Amiya Pathak have joined hands to launch EzCred, a fin-tech startup that will focus on consumer lending. Maheshwari and Pathak told Techcircle that they have been working together since last year and the platform will be live in February, with several businesses and multiple […]

Read more