AskMe Shuts Down; Employees Laid Off
From what we are told, employees haven’t been paid for more than 2 months and the CEO is not in India anymore to handle these queries.
Quikr raises Rs130 crore from BCCL’s Brand Capital
Brand Capital has invested Rs.130 crore in Quikr India via 143,000 fully convertible debentures at Rs.9,038 apiece and one equity share of the same price.
PosterGully acquired by Asian Business Exhibitions and Conferences
Postergully has over 5000 artists and claims 1.5 million unique visitors in 2016.
Now you can book Uber cabs without the app
Now booking a cab with the service gets easier, as the company has launched their website access at dial.uber.com. Users can access the link on their phone to get a cab, and payments can be made in cash.
Ola & Uber riders to pay govt. set tariffs in Delhi from August 22
Delhi High Court has set a deadline of August 22 for app-based cab services like Ola and Uber to charge the government-fixed rates.
Delhi-based venture capital firm, Scale Ventures acquires Guerrilla Ventures
Nilesh Rathi of Rathi Group of Companies and Rahul Narvekar, ex- CEO, IndianRoots, are founders at Scale Ventures. The fund is obtaining registration from SEBI under category 1 AIF for $16Mn (INR 100 Cr.) corpus.