MobiKwik Can Now Be Used To Book Ola Cabs And Other Startup News That You Need To Know


Listed below are some of the major news of the startup sector, take a look to stay updated:

MobiKwik can now be used to book Ola Cabs

In an attempt to commit to the government’s push towards digital transactions in India, MobiKwik, one of India’s leading digital financial services platform, and Ola, leading ride-sharing company, recently announced a first-of-its-kind partnership.

This deal will enable Mobikwik users to book Ola cabs and autos across 110 cities in India from within the Mobikwik app.

Mobikwik users will have access to Ola’s multimodal commuting offerings, from pocket-friendly options such as Ola Auto, Micro, and Mini to premium categories such as Ola Prime, Ola Prime Play, Ola Prime SUV, and Ola Lux.

Walmart-Flipkart deal turns political, lobby groups allege flouting of FDI norms

Amid acquisition talks between Walmart and Flipkart, opposition from political corridors has cropped up. They allege the deal is against FDI norms.

The Swadesh Jagaran Manch (SJM), an affiliate of the Rashtriya Swayamsevak Sangh (RSS), and other trade lobby groups have raised the concerns.

The SJM’s national co-convenor Ashwani Mahajan said that the deal is in violation of Indian laws, as FDI in e-commerce is not allowed.

He alleged that companies such as Flipkart and Amazon were circumventing FDI rules by operating the marketplace model. He also opines that the foreign entities will also kill competition and flush small retailers.


Home service provider Housejoy fires 40 employees

Incapable to raise fresh funding, the Bengaluru-based company, Housejoy has laid off about 40 employees across mid-management functions including marketing, tech, and operations.

The move is likely to control burn rate and improving unit economics.

The Amazon-backed company is also eyeing to pull the plug from categories which aren’t performing and commercially unviable. It would now focus on two categories – beauty and selected handymen services.

Vayana Network acquires SahiGST to strengthen its GST and e-way bill portfolio

Pune-based fintech company Vayana Network has acquired SahiGST, a startup offering cloud-based GST return filing and compliance solutions, to enhance its portfolio offerings in the GST and E-Way Bill space.

SahiGST will enhance the service offerings for Vayana’s customers while keeping the existing features of the products and license the same. Post-acquisition, SahiGST will be held as a portfolio product of Vayana Network and its existing clients will be serviced seamlessly with support from Vayana GSP. 

Today’s Take Away:

Success is very important for all of us. But how many of us are ready to take up the challenge that life throws at us? It is very important that we are strong enough to face the risks; only then will be able to scale up the path to success.

As Malcolm X, the famous human rights activist had rightly said,

“The future belongs to those who prepare for it today.”