News Roundup: Olacabs Launches Luxury Service; Alok Goel Quits redBus to Become CEO of Freecharge

Close on the heels of Uber’s launch in Bangalore, venture backed Olacabs has launched “Ola Luxury,” a premium car hire service. The company’s luxury fleet will include Jaguar, Mercedes, Camry and other premium cars.Ola Luxury

The startup is charging Rs 20 per kilometers for premium cars, similar to what Uber is charging its customers in Bangalore. Olacabs is one of the many venture backed companies that aggregate cab services in the largely unorganized sector. TaxiForSure, BookMyCab, SharedCab and Zoomcar are some of the companies that operate in the space.

Alok Goel Quits redBus to Become CEO of Freecharge

Sequoia backed Freecharge has a new CEO. Alok Goel, the former Chief Operating Officer of redBus has joined the company to take over the mantle from Kunal Shah, its Founder.

redBus was recently acquired by ibiboGroup, backed by Naspers– the South African media conglomerate for Rs 800 cr. Following the acquisition, many senior executives have left the company (Read: redBus Senior Management Exodus).

Kunal Shah, will continue to be involved with Freecharge, the company he co-founded with Sandeep Tandon in 2010.

Business Insider’s Indian Edition Goes Live

The Indian edition of Business Insider went live earlier this week. Gawker media, the owners of the online business magazine had partnered with Times Internet to start the Indian edition.

Business Insider’s Indian edition will retain the flavors of its international edition with a focus on business and technology. The Indian edition will also feature India’s business leaders, startups and veterans, said Times Internet.

Times Internet had also signed up with Gawker to bring Gizmodo and Lifehacker to India. These sites went live about three months ago. According to Times Internet, the sites have clocked more than 1.1 million unique visitors in July.