Softbank, the tech titan known for its sky-high bets, just took a massive $150 million dive off the Paytm rollercoaster. After pouring a whopping $1.5 billion into the Indian fintech darling in 2017, Softbank finally jumped ship, but not before losing a chunk of change. This isn’t just a stumble, it’s a full-on faceplant for…
Former Housing.com CEO Rahul Yadav has secured investment from Indian cricketer Yuvraj Singh for his new startup, Intelligent Interfaces. The amount of investment has not been disclosed. Yadav was ousted from Housing.com in 2015 amidst controversy. Yuvraj also mentioned through his facebook account with a picture of Yadav, Nishant Singhal and himself that “Proud to…
Flipkart-backed logistics company BlackBuck is planning to go public. The company filed its draft red herring prospectus (DRHP) with SEBI, the Indian market regulator. Logistics startup BlackBuck, backed by Flipkart, has filed its draft IPO papers with SEBI. The company aims to raise $300 million through a mix of new share issuance and existing shareholder…
OLA Cabs’ founder and CEO Bhavish Aggarwal on Friday (July 5) said that the ride-hailing startup has fully exited Google Maps and moved to its in-house navigation platform, Ola Maps. “After Azure exit last month, we’ve now fully exited google maps. We used to spend INR 100 Cr a year but we’ve made that 0…
