Vanguard slashes Ola’s valuation by 41%

taxi-thinkstock-45856987_feA mutual fund managed by US-based investment firm Vanguard Group has marked down the value of its stake in ANI Technologies Pvt Ltd, which operates cab-hailing app Ola, by 41%. This brings down Ola’s valuation to an estimated $3 billion compared with its peak valuation of $5 billion between April and November in 2015. According […]

Read more

Another exit at Flipkart; Sachin Bansal’s chief of staff Satyam Bansal joins Hotstar

bansal_leadIn the midst of a flurry of exits from Flipkart comes the news of departure of Satyam Bansal, who was chairman Sachin Bansal’s chief of staff. A former director of digital marketing and alliances at the company, Satyam has joined digital video streaming company Hotstar as senior vice president, partnerships and distribution. Flipkart didn’t respond […]

Read more