Ex-Flipkart duo to launch healthcare start-up, Uber-Ola battle goes to court

Photo: iStock

Photo: iStock

What to watch out for

Mukesh Bansal, Ankit Nagori to launch healthcare start-up

The duo who left Flipkart earlier this month are teaming up and pooling $5 million to launch a start-up in the area of healthcare and sports and fitness.

Uber-Ola battle goes from the streets to court

Uber has alleged that Ola employees are making bookings on its platform by creating fake accounts, and has soughtRs.50 crore in damages. Ola denied the charges. Ironically, Uber faced similar accusations in the past from two of its competitors in the US. In 2014, ride-hailing services Lyft and Gett had alleged that Uber employees had made bogus bookings, using up capacity.

All internet apps to fall under data pricing rule

Telcos and application makers will be able to takeadvantage of the controversial exception to the new rules barring discriminatory pricing of data.

Infibeam’s Rs.450 crore IPO subscribed 0.63 times on Day 2

The qualified institutional buyers’ portion was subscribed0.47 times. The portion reserved for high networth individuals (HNIs) was filled 1.4 times, while the retail portion was subscribed 0.67 times.

Ola acquires mobile payments firm Qarth

Qarth, which runs a mobile payments app called X-Pay, is Ola’s second investment in the mobile payment space.

Funding news

BigBasket raises $150 million in fresh funds

Investors include The Abraaj Group, Sands Capital and IFC. BigBasket can use the investment to fund expansion or growth in existing markets.

Tendulkar makes his first tech start-up investment

Cricket legend Sachin Tendulkar made his first investmentin a technology start-up Smartron, a firm that makes smart devices, for which he will also be a brand ambassador.

Matters of debate

Swiggy, Ele.Me or Grubhub—who will rule the roost?

How Twitter’s CEO plans to fix the company

The media-juggernaut-turned-train-wreck is getting back on track after a rough two years.

One start-up’s journey to improve healthcare access in China.

What the world is talking about

Alibaba likely to surpass WalMart as world’s top retailer

WalMart posted net sales of $478.6 billion for its fiscal year ending 31 January, while Alibaba amounted to $463.3 billion.

DoorDash raises $127 million

DoorDash Inc. said Tuesday it raised $127 million in its latest funding round primarily from existing investors, the latest sign of the delivery start-up’s struggle to secure a slug of capital.

Drones will deliver your food in a few months, says Foodpanda CEO

The company plans to roll out the new drone delivery technology throughout all 24 markets covered by Foodpanda, including Singapore, Hong Kong, India, Thailand and Malaysia.

Uber offers hackers ‘treasure map’ to find computer flaws

Uber, the high-flying transportation firm, is releasing atechnical map of its computer and communications systems and inviting hackers to find weaknesses in exchange for cash bounties.

SpaceX’s big plan to launch rockets every few weeks

SpaceX executives have indicated that the company, which has only managed two launches so far this year, could ramp up to two launches per month starting with its very next launch.

Entrepreneurs need to jump into the exploding fitness industry

Korean start-up develops hand-held sonogram device for the mobile age

Healcerion has developed a hand-held sonogram device and accompanying big data analyses for on-scene check-ups that could save thousands of lives.

Dyson investing $1.44 billion in Tesla-like battery tech

Dyson is looking to build batteries for its line of home products. But could the new batteries be used in other places, like Tesla’s are?

Start-up classroom

4 ways to avoid killing your new start-up.

5 social media marketing tips for ‘empty wallet entrepreneurs’.

When you run out of money (and ideas).

Should your start-up seek funding? 8 questions to ask.

For the geeks

Will Apple’s ‘cheapest iPhone in history ’ satisfy Chinese consumers?

The next big thing in phones may not be a phone

Industry experts believe innovation in smartphones is giving way to phone functions popping up as software or services in all manner of new devices from cars to fridges to watches and jewellery rather than remaining with hand-held devices.

Apple targets new 9.7-inch iPad Pro as the ‘ultimate PC replacement’.

World’s first on-ear planar magnetic headphone. Watch here

Did you know?

Chinese villagers are selling fresh mountain air to urbanites

With China’s pollution problems showing no signs of easing, Chinese people living in smog-shrouded cities are escaping to remote areas for a breath of fresh air.

Women are under-represented at all levels of technology firms

What’s Holding Back Women in Tech: a report by McKinsey and LeanIn.Org.


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