Uber is continuing its multi-modal journey today with the news that it's adding electric mopeds to it main transport app, though only in Paris initially.Read More
A group of hoteliers from Patna, Bihar, collected at Indian hotel chain OYO’s head office in the city  on Monday (October 16), protesting that the company has not cleared unpaid dues. Before this independent protests by small hotel owners had sparked in multiple Indian cities including Nashik, Pune, Kota, Manali, Jaipur, Ahmedabad, Bhopal, Bareilly, Vizag and Delhi. No Respite For Hoteliers For hotel owners with unpaid dues in other cities, there has been no resolution despite multiple attempts to reach out to OYO and government authorities about the situation.
IoT-based startup WEGoT on Wednesday said it has closed $2 million as part of its seed funding, led by GoFrugal, Shyam Shekar (Founder of iThought), and Brigade Enterprises Ltd. Other investors who participated in this round include Vibhu Natarajan, Director at Grotech Landscapes, Rajagopal S from Entrust, Joydeep Ponugoti from Manbhum Constructions, and Promod Kumar who are industry experts in the real estate technology and consumer industries. Also ReadFrom watchmaking and reforming prisoners to reviving rivers, this man is now solving water cris...The capital infused will be used predominantly to strengthen its IoT enabled product portfolio, scale its presence in India, as well as to expand its team and double its employee base over the next six months. WEGoT claims that its sensor-based Internet of Things (IoT) device and software platform VenAqua helps to reduce the demand for water by more than 50 percent by tracking real time flow.
Founders jammed the seating area to hear from speakers including Ray Dalio, Cyan Banister and Andrew Chen on topics ranging from fundraising tips to where you can find new users today. The traditional main stage was busy too, as usual, because who does not want to hear from Marc Benioff and Evan Spiegel, as well as watch the Startup Battlefield. He gave a packed workshop at the San Francisco event, where he provided teardowns of marketing assets starting with top companies all the way down to those submitted by attendees.
In response to Delhi High Court’s directions to take down content hinting towards Indian artist Subodh Gupta’s alleged sexual misconduct, Facebook and Google took opposing stands on Monday (October 14). Artist Subodh Gupta had filed an INR 5 Cr civil defamation case in the Delhi HC, against an anonymous Instagram handle ‘HerdSceneAnd’ for accusing him of sexual misconduct. HerdSceneAnd is a women-focussed platform which helps victims and survivors share experiences of abuse and harassment in the Indian art world.
After its successful launch in Hyderabad and Mumbai, Swedish furniture giant Ikea is now looking at expanding to tier-II cities as a part of its Phase 2 expansion plan.The company is currently developing a large format store in Bengaluru and will later develop one in Delhi as a part of its first phase expansion plans. "Bretzel also noted that the company has also ensured that 50 percent of the workforce in Ikea India will be women. (Edited by Evelyn Ratnakumar)Also Read[Funding Alert] IKEA's retail partner Ingka group invests in Bengaluru-based Livspace
The company moved into local payment processing in Brazil in April of this year, and recently closed on a new financing round from previous investors FTV and Endeavor Catalyst that values the company north of $1 billion, according to chief executive Alphonse Voigt. The money will be used to continue an aggressive hiring push in new markets and the launch of the company’s local payment services in other geographies, beginning with Colombia in the new year. As credit cards penetrate the Latin American market, approval rates for local companies are increasing, which represents an attractive new source of revenue, Voigt says.
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Booqed, a Hong Kong-based platform for booking short-term work spaces, announced today that it has raised $1.675 million in seed funding. Booking times can be as short as an hour or as long as several months, and listings include offices and meeting rooms, event spaces, retail stores and studios. Most of the startup’s customers are corporate clients that need to book venues or work spaces for traveling employees.
“The uncertainty has led to the closure of about 10,000 units and the plastic industry is staring at job losses of 4.5 lakh people ahead of the Diwali season,” said co-chairman of the environment committee of AIPMA Jayesh Rambhia. Also, according to the report, the Centre did not implement ban single-use plastic bags, small bottles, cups, plates, straws and certain types of sachets on October 2, as was widely expected. Today, less than 7% of our packaging material consists of single-use plastic and we are working towards eliminating the usage of them completely in our buildings in India by June 2020,” an Amazon spokesperson reportedly said.