Bombay High Court bars taxi unions from disrupting Uber’s operations

For-Ola-Uber-Illegal-Ride-sharing-Story_ThinkstockPhotos-85451628US-based Uber Technologies Inc’s India subsidiary Uber India Technologies Pvt. Ltd has obtained a restraining order from the Bombay High Court that prevents dissenting taxi union bodies from disrupting its operations in Mumbai. Mumbai’s taxi unions had threatened to go on strike on 21 March. However, the strike has been called off following the court […]

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WorkApps can now track field teams in real time with Google Maps integration

WorkAppsPune-based WorkApps Solutions Pvt. Ltd, which offers an enterprise workplace collaboration tool, has introduced an update to integrate its app within the Google Maps application programming interface (API). The update will help organisations manage large and distributed field teams more efficiently, WorkApps said in a statement. An API is the basic building block of an […]

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Myntra set to invest in 10 fashion brands with accelerator programme

For-Myntra-Story-TC_Shah-JunaidFlipkart-backed fashion e-tailer Myntra is set to sign term sheets with 10 domestic brands and get them aboard its recently launched Brand Accelerator programme, a top company official told VCCircle. “We have already closed term sheets with three of them and will soon complete it with the rest. Many more are at the conversation stage” […]

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Myntra and Jabong to integrate back end and logistics functions

myntra_feFlipkart-backed Myntra and Jabong will share the same logistics infrastructure by bringing together their back end and supply chain functions, a report in a financial daily stated. “Myntra logistics will also be one of the partners for Jabong which already uses Ekart for shipping,” The Economic Times quoted Gunjan Soni, head of Jabong and chief […]

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Myntra launches first offline store in Bengaluru to push private label brand

Myntra launches first offline store in Bengaluru to push private label brandNearly seven months after Myntra announced its intent to go offline, the Flipkart-backed online fashion and lifestyle e-tailer has launched its first offline store in Bengaluru. The 4,000 sq ft store, which will be open to the public tomorrow, would be an exclusive store for what Myntra claims to be its biggest as well as […]

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Franklin Templeton-backed fintech firm Deal4Loans rebrands to Wishfin, eyes M&A

Puru Vashishtha, director and board member at wishfinLending marketplace Deal4Loans, run by Noida-based Mywish Marketplaces Pvt. Ltd, has rebranded to Wishfin as the company looks to bring loans, mutual funds and insurance products under one platform. While Deal4Loans will continue to facilitate loan disbursals, the core offerings (personal, home and car loans), and new products, such as mutual funds, insurance and deposits, […]

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Exclusive: Flipkart appoints commerce platform finance head as CFO

For-Sriram-Venkataraman-Flipkart-Hiring-Story-TC_ThinkstockPhotos-51559605211Homegrown e-commerce major Flipkart has elevated Sriram Venkataraman, the chief financial officer of its commerce platform as the company’s finance chief. Venkataraman took over as CFO in January, a spokesperson told VCCircle, adding that this was part of the organisational changes made that month. “We are in the process of hiring a group CFO,” the […]

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Karnataka govt announces $1.5 mn fund for women entrepreneurs

Untitled-4_tcIn a move that would give a fillip to entrepreneurship among women, the Karnataka government announced a $1.5 million (Rs 10 crore) Idea2POC (idea to proof of concept) fund on International Women’s Day, a statement issued by the state government said. Priyank Kharge, the state minister for  IT (information technology), BT (biotechnology) and tourism,  who […]

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Ideaspring makes its second bet on enterprise networking startup Lavelle Networks

Naganand_Doraswamy_feBangalore-based early stage venture fund Ideaspring Capital has invested $600,000 (Rs 4 crore) in enterprise networking startup Lavelle Networks Pvt Ltd, according to a report by a financial daily. The firm will use the funds to expand its operations and for marketing, Shyamal Kumar, co-founder told The Economic Times. On Thursday, Lavelle Networks was one […]

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AI, B2B dominate startup shortlist for Microsoft Accelerator’s 10th batch

Microsoft-Accelerator-Summer-Cohort-2017_feArtificial intelligence (AI), machine learning and business-to-business (B2B) are the dominant themes in the final shortlist to Microsoft’s tenth accelerator batch, with all the 14 startups selected for the programme having at least one of these elements as their product offerings. The startups were chosen on the basis of three parameters: how deep the technology […]

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