Vinay Sanghi, who founded CarTrade.com, India's largest automotive classified site, will be speaking at the AIM Group's AutosPlus2017. We interviewed him to get a feel for what to expect from his presentation.
In India, the transport sector is showing the way for the sharing economy, with a growing list of self-drive, auto-rental start-ups encouraging the young generation to rent rather than own autos.
Bangalore-based brokerage-free real estate search platform NoBroker.in secured $7.4 million U.S. in series-B funding from South Korean investment firm KTB Ventures, the venture capital arm of KTB Network. It was KTB Ventures' first investment in India.
Lakshmikant Gupta, known by his friends as LK Gupta, quit his post as chief marketing officer of GirnarSoft in India. He has been replaced by Gaurav Mehta, former chief marketing officer of OLX India.
Housing.com, India’s second largest real estate site by revenue, will start listing rental properties again from 2017, the company said in a news release.
SabRentKaro, a Hyderabad-based renting site will let you rent anything from a smartphone to an airplane - as long as you pay the security deposit. Hence the name SabRentKaro, which means 'everything is available on rent' in Hindi.
Goods rental marketplace WhatsOnRent.com, run by Weblevered Technology, has shut shop after an unsuccessful attempt to raise fresh capital, and the realization that the business model may not work.
Bengaluru-based used-goods marketplace Zefo raised $6 million U.S. in a series A funding round led by venture capital firm Sequoia India. Others who participated in this round included Beenext, and existing investor Helion Venture Partners. Beenext is also invested in auto site Droom, real estate site NoBroker and job site WorkIndia.
Pulkit Trivedi, head of Google India’s e-commerce business, defected to Facebook, as the social media giant tries to grow its e-commerce business in the big, developing market of India, and in other prime global markets.
The Indian government’s unexpected move to "demonetize" (take Rs 500 and Rs 1,000 notes out of circulation), with the aim to "weed out black money from the economy", will cause sales of autos and property (and their prices) to dip sharply in the short-term, warned industry experts. Real estate and auto sites won't escape this negative development unscathed.
