Ola has raised $50 million from Sailing Capital (SC) and the China-Eurasian Economic Cooperation Fund (CEECF).
The Bangalore-based startup company latest investment has inched up its valuation to $4.3 billion, from $3.5-4 billion in last October.
The deal was in negotiation stage for past two months.
The new investment will give SC and CEECF a stake of approximately 1.17% in ANI.
Ola aggressive growth and business model has also been attracting new investors. Sachin Bansal, former CEO and co-founder of Flipkart, is reportedly exploring a way to buy secondary stakes in Ola.
Bansal had previously praised Ola’s co-founder and his platform for developing and making it large company. Bansal, after his go out from Flipkart, is making plans to elevate $1 billion startup-focused funds. until date, he has invested in seven ventures with a complete investment of $26 million.
except, current investors Steadview Capital is also trying to improve its stake. Softbank, Tencent, Tiger global and Matrix partners collectively keep extra than 60 Percentage of Ola’s shares.
aside from raising cash, Ola is breaking into new markets beyond India. After Australia and united kingdom launches, it now plans to go into the new Zealand marketplace.
It plans to start with cities like Auckland, Christchurch, and Wellington. In offshore markets, Ola has been giving out a low fee fee of 9 Percentage cent to lure extra drivers on its platform. it"s going to compete with Uber and Zoomy in New Zealand.
At present, the ride-hailing company has been doing approximately 2 million rides each day. It plans to obtain profitability by the quit of 2019.
decreasing fee and incentives for drivers in addition to lowering discounts for riders are elements driving Ola closer in the direction of the road of profitability.
The take-home pay for drivers dropped 33 Percentage inside the final 12 months, in accordance to research consultancy Redseer’s file.
Ola’s running loss has multiplied 32 Percentage cent to Rs 3,731 crore in FY17 even as working revenue extra than doubled to Rs 1,178 crore. besides, its other costs (now not defined) also rose as much as Rs 4,052 crore from Rs 2,422 crore. #Bangalore, #BangaloreStartups, #Flipkart, #Funding, #IndianStartup, #IndianStartups, #MatrixPartners, #NewZealand, #OLA, #SachinBansal, #SoftBank, #StartupInIndia, #StartupsInBangalore, #SteadviewCapital, #TechStartup, #Tencent, #TigerGlobal
Wednesday, 19 September 2018
Ola raises $50 Million, Sachin Bansal may acquire stake
Policybazaar invests $50 Million (about 362 crores) into healthtech venture DocPrime
After receiving $236 million series F round led through SoftBank, Policybazaar were given the coveted popularity of Unicorn and announced to foray into healthtech undertaking with the launch of cell app DocPrime, a marketplace for medical doctors connecting with patients.
Now the internet coverage aggregator enterprise has infused $50 million into the healthcare challenge. The preliminary capital may be utilized by DocPrime to enhance UI/UX of the app with the deployment of the modern-day day generation like AI, records technological know-how and deep analytics.
In an earlier interaction with media, Yashish Dahiya, co-founder and chief govt at Policybazaar had discovered that the organization would invest $100 million within the new undertaking over the following years.
DocPrime, which currently connects patients with docs in real time, had appointed earlier CTO of Policybazaar Ashish Gupta as the chief executive Officer(CEO) and roped in Richit Ummat because the chief working Officer (COO) of the brand new challenge.
The platform has tied up with 14,000 docs and 50,000 diagnostic labs. It further objectives to increase its network to 100 and 50,000 medical doctors and 20,000 labs during over 100 towns.
except presenting loose consultation on chat and get in touch with, it additionally enables the reserving of health practitioner appointments and lab exams.
As a ways as monetising the platform, DocPrime plans to offer paid offerings in the form of OPD subscription applications that lets in you to supply sufferers endless consultations and tests.
looking forward to a decent growth in future, DocPrime is focused on 1 million free medical consultations via March 2019 and as a whole lot as five million with the resource of March 2020.
DocPrime want to be eyeing the success of each other Softbank-funded enterprise enterprise Ping An good doctor, an online-to-offline (O2O) healthcare servicing platform primarily based out of Shenzhen, China. Like Ping An, PolicyBazaar targets for a bigger opportunity within the fitness-insuring segment.
In India, DocPrime will compete with Practo, Netmeds, 1mg, and others.
The improvement changed through TOI. #DocPrime, #Funding, #Gurgaon, #GurgaonStartup, #HealthStartup, #HealthcareStartup, #Healthtech, #IndianStartup, #IndianStartups, #Policybazaar, #SeriesFRound, #SoftBank, #StartupIndia, #StartupsInIndia
Thursday, 20 October 2016
JazzMyRide: The journey from a capital of Rs. 10000 to a revenue of Rs. 20 Crores
Sunil Dhingra, a 32 year old chap has studied MBA from Symbiosis, Pune. He has worked for Tata Communications, Infosys and Mahindra Comviva for around 6 years but the comfort of a 9 to 5 job did not sound very appealing to him. He wanted to chase the dream of being an entrepreneur and that sowed the seed of JazzMyRide, an eCommerce portal based in Delhi for car and bike accessories in the year 2012.
Before going for the entrepreneurship venture, he studied the annual report of global players in the industry by approaching 200 stores and 30 recently opened car showrooms in Delhi, NCR and Chandigarh. He proceeded to start JazzMyRide at a basic capital of Rs. 10000 that included designing the website and setting up a few products. There has been no looking back for Sunil ever since.
JazzMyRide has a team of 50 employees and provides more than 1 lakh products in 150 categories with more than 52 brands. The product categories are interior, styling, utility, spare parts, protection, cleaning, bike accessories, riding gears, bike spares, fashion and car audio.
The business model of JazzMyRide includes purchasing inventory from companies and delivering it to customers with the help of third-party logistics. An important milestone for the company has been its tie-up with 10 third party logistic players like Bluedart, Ecom Express, DTDC and Go Javas.
The company also partnered with TVS ASL for online-to-offline (O2O) retailing approach. TVS has invested a total of Rs. 75 Crores in 3 startups and JazzMyRide is one of them.
JazzMyRide did have some challenges at the outset, like product discovery and supply chain. Nonetheless they had a robust technical system with the help of which they developed a great stocking model.
The vision of the company by mid-July is to accomplish the O2O commerce with the help of a franchisee model first in Delhi and Chennai. Later, it would expand to other cities also. By 2018, the company expects to get twice the products, product categories and brands with branches in Chennai, Bengaluru, Pune, Mumbai and Hyderabad, Sri Lanka and Bangladesh.
JazzMyRide: The journey from a capital of Rs. 10000 to a revenue of Rs. 20 Crores
Monday, 3 October 2016
Get over the traditional taboo of sexual health with Cupid Care
Population explosion is a much talked about issue in India. While it has successfully completed its Mars mission, it is still considered to be a matter of embarrassment to buy condom or oral contraceptive pills. Sex and sexual health is still seen as a secretive subject. Despite being an important concern, it remains under covers for no reason at all. Sex education and sexual health are significant topics to talk about. It is researched that 1 in 5 individuals face sexual health problems but they are scared to reveal it.
Kudos to CupidCare for this wonderful thought! They have really been troubleshooters for so many people out there.
The most common queries solved by them included sex addiction, homosexuality, irregular menstrual cycle, premature ejaculation erectile dysfunction, sexually transmitted diseases and other issues related to gynaecology and dermatology.
The experts included sexologists, psychologists, gynecologists and andrologists from metropolitan cities like Hyderabad, Chennai, Mumbai, Kolkata, Cochin, Indore and Vijayawada. Besides online consultation, clients can also have diagnostic tests booked and avail sexual health packages with maintenance of ultimate confidentiality.
CEO Sriram remarked that they are dealing with a significant problem in India and they decided to take help of technology to resolve the problem as it enables anonymity for the clients while they talk to our doctors. Apart from the on-demand consultations, they would also allow online counseling packages for premarital counseling, hypersexual disorders, postpartum depression and menopausal depression.
The company bagged the award at TiE smashup that was held at Hyderabad in February 2016. The company is being operated from Hyderabad with Dr. A. Satyanarayana Reddy, a senior sexologist and gynecologist accompanied by Dr. Rahul Reddy, andrologist.
Get over the traditional taboo of sexual health with Cupid Care
Friday, 30 September 2016
Schoolguru selected as a 2016 Red Herring Top 100 Asia Winner
SchoolGuru Eduserve Pvt. Ltd., a leading Indian premiere technology-led specialized academic services organization, has been awarded the very prestigious Red Herring Asia Top 100 award at a glittering function in Manila, Philippines. The award was contested by a large number of organisations from all over Asia. Some of the participant countries included – India, Malaysia, Australia, South Korea, Israel, Singapore, China, Hong Kong, Sri Lanka, United Arab Emirates, Japan, Phillipines, Taiwan.
Mr. Shantanu Rooj, CEO & MD, received the award on behalf of SchoolGuru Eduserve. The selection process was a 3 pronged one, comprising of – Scrutiny of project documents, management team screening and in-person Presentation – Value proposition to be showcased to the panel.
Schoolguru was evaluated on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of Schoolguru relative to their sector peers, allowing Red Herring to see past the “buzz” and make the list a valuable instrument of discovery and advocacy for the most promising new business models in Asia.
Schoolguru has been recognised as a leading private company in Asia – celebrating the innovation and technology expertise that it brings to transform education.
About Red Herring
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
“In 2016, selecting the top achievers was difficult as always,” said Alex Vieux, publisher and CEO of Red Herring. “The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made 2016 a great vintage to judge. The Asia winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, Schoolguru should be proud of its accomplishment.”
Schoolguru selected as a 2016 Red Herring Top 100 Asia Winner
Wednesday, 28 September 2016
This CEO ended India’s mobile technology famine – Torchbearer of the Future
Technology at its Finest
The year 2011 holds a place of great importance for a particular entrepreneur hailing from India. Working up the courage and a solid plan in his New York apartment fuelled his need to realize his entrepreneurial dreams as soon as possible, that too, on his home turf. Finally, he came to India and started a niche web design services company, doodleblue that would go on to give him name and fame.
Atishe Chordia is that young entrepreneur with wheels for feet and wings attached to his dreams, who reached out to grab his share of a bright future. Because, possessing a dedicated clientele spanning 45+ countries globally, is nothing short of magical. Is it not true that hard work pays?
How it all started:
Atishe is a CEO who is equipped with a different set of credentials that other CEOs generally possess. Unlike a traditional business background backed MBA degree, Atishe holds an undergraduate degree in Mechanical Engineering, Economics & Statistics. He followed that with immediate employment in a New York based software consulting firm as a project manager. This work stint acted as a learning base to know and understand how business works and what should be anticipated.
With a family business waiting to be headed back in India, Atishe chooses to chase his dreams and make them real instead. This is considered a risky proposition according to minds steeped in traditional business but it is a classic example of how taking risk surely pays in abundance.
The Business
The company was named “doodleblue” (with d specifically in small lettering) and was conceptualized by Atishe and his sister Nishyta, the siblings being richly endowed with artistic and creative skills. The services that the company offers today encapsulate end to end need in UI/UX designing, web application development, mobile application development, custom enterprise application development and digital marketing needs.
It is not every day that you get to see niche design service companies grow into a fully functional web and mobile application development company. Eye-catching design solutions, high quality web and mobile apps, repetitive clientele and increasing list of new clients define the success of the company today.
The Contrasting Factor:
Frantic calls and rising tempers are totally out of place in the doodleblue workplace. This is because of an excellent work culture set by Atishe right from his first project. Systematic charting out of weekly and monthly delivery activities, peaceful working and constant communication mark the exemplary work culture of doodleblue.
Surpassing quality of deliverables and happy customers are some things that every company aims at and Atishe makes sure to get that in return. Every city, every country and every continent has scores of companies that provide what clients require from a standard web and mobile apps development company. There are a handful of companies driven by limited capital and unlimited talent that put their life and soul into their work and cover that extra mile to ensure end to end perfection in their deliverables.
A feather on the cap is the R&D department that is constantly buzzing with activity. Atishe stresses on the importance of being updated on the latest technology and find ways to use it in creating optimal solutions for the clients.
These factors are major tie breakers when it comes to understanding why doodleblue is a frontrunner.
Dreaming a bright future…
Strongly believing in action being the foundation for success, Atishe aims at being proactive, by not just being a service provider but also a product developer. With continuous assistance from the internal R&D department, Atishe sees the world through intelligent glasses and smart watches – interactive wearables. Many projects in the company are using latest technologies like Artificial Intelligence, Internet of Things, Virtual and Augmented Reality and Optical Character Reader.
Not stopping with focus on the company’s growth alone, Atishe strongly believes in giving something back to the society in all ways possible. Being an active philanthropist, he is involved in all social service related activities. For many CEOs of today who struggle with time management, this CEO has it all figured out!
Humility and unwavering focus is a lethal combination, which when present in the right mix only, brings unending success. Atishe Chordia is one such gifted person who has an ingrained sense of humility. This CEO is someone to look out for, starting today!
This CEO ended India’s mobile technology famine – Torchbearer of the Future
Sunday, 18 September 2016
Five things you may have missed over the weekend
And when we woke up, we had these bodies. They’re like, except I’m having them! Oh, I think we should just stay friends. You’ll have all the Slurm you can drink when you’re partying with Slurms McKenzie Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry?
Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. Quite possible.
It is nice to be important, but it’s more important to be nice.
You guys go on without me! I’m going to go look for more stuff to steal! You guys realize you live in a sewer, right? Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? If rubbin’ frozen dirt in your crotch is wrong, hey I don’t wanna be right.
Fetal stemcells, aren’t those controversial? You don’t know how to do any of those. What’s with you kids? Every other day it’s food, food, food. Alright, I’ll get you some stupid food. You won’t have time for sleeping.
Oh yeah, good luck with that. Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? Explain that. Leela, Bender, we’re going grave robbing.
A Bicyclops Built For Two
I love you, buddy! Yep, I remember. They came in last at the Olympics, then retired to promote alcoholic beverages! The more you tighten your grip, Tarkin, the more star systems will slip through your fingers.
- I saw you with those two “ladies of the evening” at Elzars.
- For the last time, I don’t like lilacs! Your first wife was the one.
- But the flesh is spongy and spanac bruised?
Oh, all right, I am. But if anything happens to me, tell them I died robbing some old man. When will that be? Well, take care of yourself, Han. I guess that’s what you’re best at, ain’t it? I don’t know what you’re talking about.
Daylight and everything. This is the worst part. The calm before the battle. I saw you with those two “ladies of the evening” at Elzars. Explain that. Leela, Bender, we’re going grave robbing. Who am I making this out to?
It’s nice to just embrace the natural beauty within you. Who am I making this out to? Shut up and get to the point!
And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, you mean while for the love of God, don’t not do it!
Doomsday device? Ah, now the ball’s in Farnsworth’s court! You mean while I’m sleeping in it? Shut up and get to the point!
I’ve got to find a way to escape the horrible ravages of youth. Suddenly, Going to the bathroom like clockwork, every three hours. And those jerks at Social Security stopped sending me checks. Who am I making this out to?
They came in last at the Olympics, then retired to promote alcoholic beverages! I haven’t felt much of anything since my guinea pig died. This is the worst part. The calm before the battle.
Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. Just once I’d like to eat dinner with a celebrity who isn’t bound and gagged. I guess if you want children beaten, you have to do it yourself. Interesting. No, wait, the other thing: tedious.
I haven’t felt much of anything since my guinea pig died. Quite possible. We live long and are celebrated science. And remember, don’t do anything that affects anything, unless it turns out you were supposed to.
Ah, computer dating. It’s like pimping, but you rarely have to use the phrase “upside your head.” Who am I making this out to?
You mean while I’m sleeping in it? Throw her in the brig. Michelle, I don’t regret this, but I both rue.
Daylight and everything. I just want to talk. It has nothing to do with mating. Fry, that doesn’t make sense. So I really am important? How I feel when I’m drunk is correct?
Good man. Nixon’s pro-war and pro-family. And then the battle’s not so bad? And remember, don’t do anything that affects anything, unless it turns out you were supposed to, in which case, for the love of God, don’t not do it! Shut up and get to the point! Hey, tell me something. You’ve got all this money. How come you always dress like you’re doing your laundry? I’m sure those windmills will keep them cool.
Yes, if you make it look like an electrical fire. When you do things right, people won’t be sure you’ve done anything at all. I love you, buddy! Please, Don-Bot look into your hard drive, and open your mercy file! You guys aren’t Santa! You’re not even robots. How dare you lie in front of Jesus? Hey, whatcha watching? That’s right, baby. I ain’t your loverboy Flexo, the guy you love so much. You even love anyone pretending to be him!
Real generosity is doing something nice for someone who will never find out.
Kids have names? That could be beautiful soul sitting naked on a couch. If I could just learn to play this stupid thing. No! I want to live! There are still too many things I don’t own! Yeah, I do that with my stupidness. You can see how I lived before I met you. Do a flip!
Hello Morbo, how’s the family? I’ve been there. My folks were always on me to groom myself and wear underpants. What am I, the pope? I love this planet! I’ve got wealth, fame, and access to the depths of sleaze that those things bring. We’ll need to have a look inside you with this camera.
Five things you may have missed over the weekend