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Online grocery delivery: Fundamentally flawed?

After almost a year-long funding frenzy that lasted until the end of 2015, the online food retail space, especially grocery delivery, doesn't seem to be heading for a revival any time soon. Under the grocery delivery format, two distinct e-grocery...

Jugnoo raises $10 mn in funding round led by Paytm

Jugnoo, the auto-rickshaw aggregator and hyper-local delivery firm, has raised $10 million in series B funding led by Paytm, the mobile payments and commerce platform. The list of other investors includes names like Snow Leopard and venture capital firm...

Uber to invest $500 million in India this year

By June, ride-hailing app Uber is planning to invest $500 million in India to take over its rival Ola. Uber will use the cash to invest in government collaborations, business partnerships, strengthen its driver supply initiatives, marketing and expansion. Just...

Uber accuses Ola of making false bookings

Taxi aggregator Uber has filed a case against its rival Ola. In a petition filed in the Delhi High Court, Uber has accused Ola of making false bookings on its platform by setting up fake rider accounts, misleading its...

Snapdeal in talks with Uber to integrate its API

Snapdeal is in talks with Uber to integrate its API on the Snapdeal platform. The tie-up between both the companies will allow consumers to book Uber cab through Snapdeal's app. Apart from this, over the past 12 months, Snapdeal has...

Ola, Uber cabs to use Google maps

Tech giant Google on Wednesday said it has partnered cab hailing apps Uber and Ola to allow users in India to check if a taxi is available in the vicinity using the Google Maps app. "When you search for directions using...

Ola's business head resigns

To start his own venture, business head of Ola, Rushil Goel, has resigned from his duties and responsibilities. He had a year-long stint with the Bengaluru based company and was heading all initiatives at Ola Money. Ola started its dedicated...

Amazon India applies for e-wallet licence

Amazon India has applied for a semi-closed wallet licence with the RBI to build its presence in the payment space. It is expected that a Central Bank Committee will review the application next month. And soon after the approval,...

Snapdeal to hike salaries of top performers

As a part of e-commerce major, Snapdeal's efforts to become a meritocracy-led organisation, it will be rolling out annual salary hike of 20 per cent and more and ESOPs for its top performers. However, the quantum of ESOPs is...

Now Ola to go app-only

After Myntra, cab and auto hailing platform Ola has now announced plans to go mobile-app-only from August. The company plans to go app-only across all the 100 cities it has operations in. From receiving just about 20% of booking requests...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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