Content Type: article

OYO following exploitative practices, says hotel lobby

Unlicensed rooms, hotels on OYO are a safety hazard they say

Company denies allegations by hotel owners

The deal was reportedly syndicated by Northern Arc

Accion Venture Lab has exited from the company

In November, Aye Finance raised $9.8 Mn in debt funding

The VC firm focuses on healthcare, logistics, retail, fintech and enterprise sectors

OweMe launched in 2016 by Nishant Singh and Nisha Singh

This is OweMe’s seed funding round

Plum will use fresh funds to scale up its operations both in the online and offline spaces

The company has been bootstrapped since 2013

Plum claims to be profitable at the company level

Ola has been busy expanding the international markets

Ankit Bhati has taken up the charge of Indian operations

Ola is aiming to be profitable this year.

Centre asks eSign providers to find ways to use an offline Aadhaar-based verification system

Final decision expected to come in a month’s time

The eSign project was launched in 2015

GSF announced the four graduates from its sixth batch

The startups include Chizel, Khabri, Slintel and Vaultedge

GSF has so far funded 50 startups

Two minute long video surfaced on Monday

This is Zomato’s second public controversy since September

Case is “unusual and rare,” says company

In 2018, a total of 118 acquisition deals were recorded in the Indian startup ecosystem

Of these 118 deals, the enterprise tech raked in the maximum number

Walmart's $16 Bn purchase of a 77% stake in Flipkart was the biggest acquisition deal of the year

Sigmoid Labs team announced it will be joining Google

Where is my Train’s app has recorded more than 10 Mn downloads

This is Google’s first product acquisition in India

RBI wants to roll out alternative process using XML internet format

This process will extract limited user data from Aadhaar database

It is also waiting for amendments to the Prevention of Money Laundering Act

Devendra Chawla, EVP and chief operating officer has resigned

Sameer Aggarwal to work under CEO Krish Iyer

Anuj Singh joined as the head - category merchandising