Uber brings food delivery app UberEATS to India, launches service in Mumbai

Cab-hailing service Uber on Tuesday launched its food delivery app UberEATS in Mumbai, marking its entry into the Indian market. Delivering food to consumers under a different brand name, cab-hailing service Uber on Tuesday launched UberEATS in India, with Mumbai being the first city where the service will go live. "The introduction of UberEATS in India, with Mumbai as the…

India Needs a Massive Women Investment Fund More Than the US

India Needs a Massive Women Investment Fund More Than the US Eustan Ventures

If reports in a US-based news and information company AXIOS Media are to be believed, Ivanka Trump, the daughter of US President is starting a new investment fund aimed at companies founded by women entrepreneurs around the globe. It is reported that the World Bank has been approached for managing the fund and it will provide working and growth capital…

Why SIDBI Can Be a Game Changer For Venture Capital Industry

Why SIDBI Can Be a Game Changer For Venture Capital Industry Eustan Ventures

In recent years, the Domestic Venture Capital market has considerably changed. Whole credit of this positive transformation in the capital market goes to the overseas cash inflow. Last Year, Manish Singhal, a venture capitalist was searching for means to increase the funds for his first venture. It was at that time, he thought that he has started on a complicated…

PM Narendra Modi, Paytm founder in Time’s ‘most influential people list’

New York: Prime Minister Narendra Modi and Paytm founder Vijay Shekhar Sharma were the only two Indians to make it to an annual list of '100 most influential people in the world' this year released by the Time magazine today. The list features pioneers, artists, titans, leaders and icons from around the world honoured for "the power of their inventions,…

Delhi High Court issues restraining order on strike by Ola, Uber drivers

The call for a one-day strike on Tuesday by driver-partners of taxi-hailing companies Uber and Ola, as well as kaali-peeli taxi operators, may inconvenience commuters in Delhi-NCR. A majority of the estimated 150,000 cab operators may stay off roads on 18 April despite a Delhi High Court order restraining them from doing so. The agitation is being organised by the…

Jacqueline Fernandez invests $543,000 in Rakyan Beverages, makers of cold-pressed juice brand RAW Pressery

Sri Lankan model-actress and sexiest woman in the world Jacqueline Fernandez has invested $543,000 in Rakyan Beverages Private Limited, a company that makes the Raw Pressery brand of fruit juices. The latest investment values the three-year-old company at Rs 120 crore. With a following of 6.08 million on Twitter and 12.7 million on Instagram, Fernandez is seen as an "influencer" by…

Indian companies to invest $9 billion in Bangladesh Energy Projects

Indian companies to invest $9 billion in Bangladesh energy projects Eustan Ventures

Energy is now at the vanguard of New Delhi's biggest business commitments in its neighborhood, with power and gas leading the $9-billion investment projects India has proposed to make in Bangladesh to help strengthen Dhaka's emerging industrial base. The Reliance and Adani Groups, and power behemoth NTPC were among the Indian blue-chip companies that concluded investment proposals on Monday in…

Flipkart raises $1.4 bn from Microsoft, eBay, Tencent

Bengaluru: India’s largest online retailer Flipkart has closed a mammoth funding round of $1.4 billion from Tencent Holdings Ltd, eBay Inc. and Microsoft Corp., in the biggest-ever start-up funding round that both boosts Flipkart ability to compete with arch-rival Amazon India and takes the company a step closer to presenting itself (to investors and customers) as the only option to…

Softbank-backed Ola ramps up electric vehicles push in India

NEW DELHI: Indian ride-hailing firm Ola, backed by Japan's Softbank Group, is preparing for a large-scale rollout of electric vehicles by next year even as it runs trials on the viability of the business model, chief executive Bhavish Aggarwal said. Ola will pilot a few thousand electric vehicles in several Indian cities this year and, "after that we will be…

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