Violating Supreme Court’s order of stating that ‘Aadhaar’ can be used voluntarily for a few social welfare schemes’, Modi government made it mandatory for budding entrepreneurs to submit their Aadhaar number in order to register their business.
Let’s have a look at the important developments of the week:
Companies Are Delaying IPOs As Private Investors Are Giving Better Value To Their Business Says K Ganesh, GrowthStory
Speaking to Inc42 in an exclusive conversation, Ganesh said that he is building 9 ventures altogether that are not just another startup, but are well executed and well funded ventures, under the umbrella of GrowthStory.
Uber’s Bangalore Office Vandalized By Drivers
Protesting against reduction of incentives by Uber, around 600 Uber drivers pelted stones and vandalised Uber’s HSR office in Bangalore.
Mahindra Launches Digital Marketplace SmartShift
Mahindra group entered the logistics marketplace with SmartShift, an online marketplace to provide intra city movement of cargo.
Maharashtra Govt. Plans To Limit Fleet Size For Taxi Aggregators
Government of Maharashtra released a draft notification of its City Taxi Scheme 2015 that would consists of number of clauses/regulations which is going to change the way the rider and the on-demand cab services will work in the city.
Zomato Discontinues Cashless Payments
As per the company, the reason for putting a halt to Zomato Cashless was due to the lack of product market fit in the current form.
Freshdesk Appoints LinkedIn India MD Nishant Rao As COO
In his role as COO, Nishant Rao will be responsible for all non-R&D aspects of Freshdesk’s operations. He will join Freshdesk in November.
Grofers Halts Delhi, Noida Deliveries To Solve ‘Operational Issues’
Hyper-local grocery and fresh food delivery platform Grofers will not deliver orders for Delhi and Noida till Thursday as the startup is dealing with last-mile delivery issues due to some dysfunction of app.
Paytm Forays Into Hotel Booking Segment
With its foray into hotel booking segment Paytm expects a revenue of over $77 Mn (INR 500 Cr) from this service over next six months.
Paytm Enables Mobile Wallet Recharge Via ATMs
Paytm has tied up with Bank of Maharashtra to provide unique Wallet top up service to its customers.
Mobmerry To Deploy 1000 Beacons To Create IoT Enabled Shopping District
Keeping at par with the latest trend in technology, Interaction One, launched Mobmerry, an app that connects retailers to consumers, through the Internet of Things (IoT) to make smarter retail stores.
Let’s have a look at the other developments of the week
Meru Cabs Partners eCab
Meru has partnered with eCab to provide cab services to foreign travellers in India and to Indian travellers going abroad.
Flipkart Launches Second Version Of Its Seller’s App
Flipkart’s higher version of mobile app for sellers, ‘Seller Hub 2.0’, is aimed to simplify the way sellers run their business online.
Snapdeal Appoints Aircel’s Anup Vikal As CFO
Anup Vikal’s experience will help Snapdeal strengthen its leadership team as he carries an experience of building and executing the financial infrastructure across companies.
Housing.com Appoints Mani Rangarajan as CFO
Mani Rangarajan would be responsible for driving Housing.com’s financial strategy and will play a key role in the company’s senior management team at the company.
Kerala High Court Quashes $7 Mn Penalty On Flipkart
The Kerala High Court revoked two legal notices issued against Flipkart. The HC had asked the company to pay penalty of over $7 Mn (INR 47 Cr) for allegedly evading VAT.
Snapdeal Gets Diwali Bonus
Snapdeal recorded 10 times growth in order volumes with 65 orders being placed per minute, across home décor, furnishing and furniture categories in its Monday Home Bonanza Sale.
Vidooly Launches CMS For YouTubers, MCNs & brands
Vidooly launched a content management system (CMS) designed for multichannel networks (MCNs) on YouTube.
Budget Stay Aggregator Vista Rooms Opens Up New Vistas
Vista Rooms created an app-like experience on Instagram where travelers can browse locations and property options as well as book a hotel of their choice.
Ola Claims To Have 25 Mn Customers
Ola marks a milestone of serving over 25 Mn customers till date while receiving $1 Mn booking requests per day.
Flipkart, Snapdeal & Amazon Shun INR 5000 Above Deliveries In UP & Uttarakhand
The three leading ecommerce marketplaces have collectively decided to stop delivering products, exceeding INR 5000 in value, to customers in UP and Uttarakhand due to tax hassles.
91springboard Launches Incubator-Cum-Coworking Space In Karnataka
The partnership will help set up an Incubator-Cum-Coworking space in Koramangala, Bangalore along with giving scholarships to tech startups that meet the criteria.
Prime Minister Narendra Modi’s “Mann Ki Baat” Now Available on Saavn
The digital streaming platform will help the program reach listeners in India and across the world. Listeners can stream “Mann Ki Baat” here.
Bank Of Baroda Launches Chillr Mobile App
Chillr app will enable BoB customers to send money securely and instantly to anyone on their phonebook.
Flipkart appoints Samardeep Subandh as the Chief Marketing Officer
In his role as the CMO, Samardeep Subandh will primary focus on gaining deeper customer insights, raising the level of customer centricity and driving high level of creativity and quality in all communication. He will also be leading the social media communication charter for Flipkart.
Bite Club Hits Milestone: Completes 100K Meal Deliveries
Bite Club reached a milestone by selling 100,000 meals within one year of its inception. The recent feat indicates the company’s success in finding a solution to meal time cravings for time-starved residents in the busy metro.
InstaCab Rebrands To Roder.In
InterCity cab aggregator rebranded itself as Roder.in with an aim to make over-expensive outstation cab travel affordable and accessible to everyone. Roder.in has also expanded to 12 more cities in North India.
TimesJobs.com Appoints Pankaj Maurya as Head of Technology
Pankaj will be responsible for maintaining and growing the edge that TimesJobs.com technology. He will focus on building a scalable, modular and mobile first technology organization.
IndiaProperty.com Introduces HomeView
Home owners & agents can create video walkthroughs of their properties using smartphones. They can showcase properties on online platform
Furlenco Is Now In Mumbai
Mumbaikars can now have immediate access to premium home furniture with easy and affordable price from rental startup, Furlenco.
Shopclues Eyes $1 Bn GMV By Early Next Year
Shopclues is targeting transactions worth INR 1,500 Cr by December, buoyed by the festival sales. This will help the company reach a gross merchandise value of $1 Bn by early next year.
Flipkart Launches Malabar Gold & Diamonds Jewellery
Flipkart tied up with jewellery retailer Malabar Gold to offer a wide range of gold, diamond and platinum jewellery to customers.