Category Archives: News

News

Flipkart’s Ravi Krishnaswamy moves to InMobi as CTO

Krishnaswamy to identify innovative practices Ravi Krishnaswamy, former senior vice-president of engineering at Flipkart, has been appointed by InMobi as the chief technology officer (CTO). He joins as a replacement of Mohit Saxena, Inmobi co-founder, who continues his services with the company. Saxena has migrated to the US recently. “His breadth of experience across the…
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CASHe bags Rs 20 crore in debt funding from IFMR Capital

Fintech lending platform disbursed Rs 200 crore Aeries Financial Technologies, a fin-tech company promoted by serial entrepreneur and private equity investor V Raman Kumar, on Monday announced that CASHe, India’s fastest loan-giving app for young salaried professionals has closed a Rs 20 crore in a debt funding round with IFMR Capital in its NBFC company, Bhanix Finance and Investment Ltd., to ramp up its…
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Uber-cool Susan Fowler who dared to take on the CEO

Ex-Uber employee speaks up! 26-year old Susan Fowler, an ex-employee of Uber managed to shake Silicon Valley with her blogpost. In the essay, she reflected on One Very, Very Strange Year at Uber. She began by noting that it was “a strange, fascinating and slightly horrifying story.” Salient points of the story: . The post…
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Pension fund: Vital resource for entrepreneurs

Entrepreneurs resort to pension fund As cash flow dries up for entrepreneurs, they dip into their pension pots for startup investment. How? Let’s read on… Salient points of the story: Entrepreneurs turn to their pension funds when they face a deficit in bank. This fund comes over and above the 25 per cent tax-free allowance…
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2017: A lucky year for startups?

Startups nail it yet again… As biggies like Ola and Flipkart raise funds from investors, the world of startups continues to bring more good news. 2017 seems to be a lucky year in the startup history. As per a recent report by Financial Times, funding in the startup galaxy has increased to more than $8.9…
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Flipkart plans to infuse $500 million funding in PhonePe

Flipkart ready to take on Paytm. Flipkart, online retail major has committed $500 million to PhonePe, its payment arm. This move comes as an effort to take on Paytm, its Noida-based rival. The first tranche of $180-200 million is expected to come in by December-January, according to Sameer Nigam, PhonePe’s chief executive. Salient points of…
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