With its Korean benefactor driving it forward, Zen Rooms has gone from struggling to a position of strength with a focus on the Philippines rather than more hotly-contested Indonesia. “Yanolja has decided to double down by reinvesting exactly one year after their initial investment,” Zen Rooms co-founder and managing director Nathan Boublil told The Ken … Read moreAiming high and working for it
The CCI is now investigating five major allegations against MMT, India’s largest OTA: Price parity—disallowing hotels from listing rooms below the price they sell it to OTAs. Exorbitant commissions—OTAs allegedly have take rates as high as 40%. Predatory pricing—Pricing rooms below the average room rate through deep discounting. Service fees—Charged in the name of hotels … Read moreRelevant markets for OYO, MMT
It may not be widely known but the TATAs always had an interest in pharmaceuticals. Besides Tata Pharma, they had invested in the multinational firm Merind, both of which were sold to Wockhardt. The group also invested in Avesthagen, a heavily-funded Bengaluru biotech which floundered. But the grand strategy behind Advinus surpassed earlier forays. In … Read moreWas it a fad of the times?
The barrage of stories continues unabated, and unedited in the media. When the truth, according to a TeamIndus insider, is: “No approval from the Government of India [regarding various space clearances under the Outer Space Treaty] has come. In fact, the whole story of tech progress for the last six months has been a farce.” … Read moreEverybody in the engineering team and the management
Despite these challenges, legal AI startups clearly see an opening for themselves. To understand why, it might be worth turning to Kira again, in what can be called The Armstrong Argument. Noah Waisberg of Kira Systems argues that though IBM may have 100x the R&D funding of all the legal startups combined, one could not … Read moreCorrectness of The Armstrong argument
First, the taps dried out. The tourist who brought in revenue was suddenly a social pariah. Warm smiles quickly turned into direct rebukes. The price of drinking water skyrocketed. Schools shut down. Slowly, the town emptied out. This isn’t some dystopian drama on Netflix. This was the summer of 2018 in the erstwhile summer capital … Read moreThe water crisis this summer in Shimla was just the first tile down in the domino set
Tierra has also hired people from MNCs. It employs 172 people, up from three in 2012. If Atluri’s Rs 111-crore projection for the 2018-19 financial year is accurate, that would land Tierra on the top 10 list of Indian cotton seed companies. For comparison’s sake, the biggest cotton seed company at the moment is Tamil … Read moreWhat is being planned for the future?
With app-based dating’s quick growth, matrimonial brands—which still hold top shelf in India, with 3x more matrimony brand searches than dating brand searches—don’t appear to be growing as fast. According to Google’s 2019 report, online dating search is growing at 43% against matrimony in India, which is growing at 13%. Make no mistake. Marriages in … Read moreLove in the time of casual? India’s big dating app data points
Such a diverse edtech portfolio keeps things interesting. In August 2018, Bytedance invested $49.5 million in San Francisco-based edtech company Minerva. It also acquired the online learning platform Qingbei Wangxiao to help develop its in-house K-12 platform, Dali Ketang. Like Musica.ly’s integration with TikTok, it folded Qingbei into Dali Ketang. Dali Ketang looks to be … Read moreDiversity in the edtech portfolio and interests
On 25 September, Indian Prime Minister Narendra Modi was felicitated with the Global Goalkeeper Award by the Bill and Melinda Gates Foundation (BMGF). On the surface, it was recognition for the PM’s Swacch Bharat Abhiyan scheme—a program that seeks to eliminate the practice of open defecation. But there was a lot more riding on this … Read moreExit in sight, Gates Foundation hopes India will foot the vaccine bill