Former Nirula’s CEO to lead Zomato’s cloud-based PoS business

Samir-KuckrejaRestaurant listings and discovery company Zomato Media Pvt. Ltd has appointed Samir Kuckreja, former chief executive of QSR chain Nirula’s Corner House, as president of its cloud-based point-of-sale (PoS) system, Zomato Base. Prior to joining Zomato full-time in February, Kuckreja served as a consultant to the firm, a Zomato spokesperson told Techcircle. The development was […]

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Losses at Sequoia-backed Faasos widen four-fold as expenses mount

Faasos1Pune-based quick service restaurant chain and online food delivery company Faasos Food Services Pvt. Ltd saw losses widen four-fold in financial year ended March 2016, mainly on account of higher expenses, show filings with the Registrar of Companies (RoC). Losses for FY16 stood at Rs 111.1 crore compared with Rs 24.4 crore in the previous […]

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Exclusive: Restaurant booking & deals startup OneLoyalCard acqui-hires Pocketin

OneLoyalCardOneLoyalCard.com, a Delhi-based table reservation and deals platform, has acqui-hired restaurant deals startup Pocketin for an undisclosed amount as it looks to enhance its technology infrastructure and accelerate pan-India growth plans. “By acqui-hiring Pocketin, we will consolidate our position in the Delhi-NCR region and fast forward our expansion plans to other major markets,” Vaibhav Garg, […]

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With UberEATS, is Uber biting off more than it can chew?

UberEATSOnline food delivery is a tricky space for Indian startups, what with intense competition, wafer-thin margins and a funding drought that shows no signs of a let-up. So it was a bit of a surprise when San Francisco-based Uber, the world’s biggest startup by valuation, announced last week that it will soon launch its global […]

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Uber to soon launch food delivery app UberEATS in India

UberEATS_app_homeSan Francisco-based ride-hailing company Uber Technologies Inc. will soon launch its on-demand food delivery app, UberEATS, in India. To roll out the service, it is currently inviting restaurants and delivery partners, a company statement said. The service will be offered through a standalone mobile application. Launched in 2014 as a delivery pilot in Los Angeles, […]

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Flashback 2016: Challenging year for India’s unicorns

flashback-logo_feThe internet and tech unicorns that sprung up in the recent years have inspired the entrepreneurial spirit among the country’s youth. They attracted billions of dollars of foreign capital and triggered the rise of hordes of startups. The good run in terms of expanding customer base, successive rounds of funding at ever-increasing valuation and steady […]

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Will increase share of non-IT jobs on Naukri: Info Edge’s Hitesh Oberoi

Hitesh Oberoi, MD & chief executive, Info EdgeIndia’s largest job portal Naukri.com is looking to expand its offering in order to offset the slump in IT hiring. For parent company Info Edge, Naukri is the most profitable vertical, even as its matrimonial and education verticals steadily inch towards profitability. Info Edge’s real estate vertical, 99acres, has seen a setback due to the […]

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PressPlay co-founder Anand Sinha joins FreeCharge

10377429_10152617238857772_192189687037188245_nSnapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in addition to working on several strategic initiatives for the firm, the company said in a press statement. Sinha […]

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Why Baidu is cautious about investing in Indian startups

startupChinese web services giant Baidu is conspicuously slow and cautious in investing in Indian startups when compared to its peers Alibaba and Tencent. Though Baidu set up its India office late last year and initiated discussions with three-four consumer internet startups in India the firm has not yet put money on any early stage tech […]

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Info Edge invests $147K more in Diro Labs

Invest_thnk_stockHiring portal Naukri.com’s parent Info Edge (India) Ltd has invested an additional Rs 1 crore (roughly $147,000) in contacts management startup Diro Labs, the company said in a stock exchange filing. Earlier this year, Info Edge had invested Rs 3 crore ($450,000) in the company. With the new investment, Info Edge now holds 14.77% stake […]

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