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Category: Technology

Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

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Bengaluru-based transportation aggregator Ola and its investors Matrix Partners India have categorically denied a report that appeared in DNA on Friday, which alleged that certain investors in Ola plan to sell their stake to Uber. The news report, based on information from an unnamed source alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, with a term sheet likely to be signed by this quarter. “We would like to state that the article, attributed to an ‘unnamed source’ is completely false, misleading, malicious and…

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Google Drive Now Lets Users Select Which Folders to Sync

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Google has rolled out a new feature for its Drive desktop app for Windows and OS X that will now allow users to select which folders or sub-folders they want to sync and deselect the ones they don’t. Announcing the new feature, Aakash Sahney, Google Drive Product Manager, confirmed that the new features will roll out to users over the next few weeks. In order to access the new folder sync option, users will need to tap Menu > Preference > Sync Options > Sync only these folders. Google explains…

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Uber, Lyft Hitting Los Angeles’ Taxi Industry Hard

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Uber and Lyft are eviscerating the taxi industry in Los Angeles three years after they began operating in the city, officials say. Thanks to the ridesharing services, which enable independent drivers to offer rides via a smartphone application, “taxicab service demand indicators have dropped (total trips and dispatch trips) beginning in the second half of 2013 and increasing through 2015,” according to a report by Department of Transportation seen by AFP on Thursday. The number of taxi trips arranged in advance has dropped 42 percent while the total number of…

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Twitter Testing Completely Revamped Android App in Beta

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Micro-blogging website Twitter is testing a new design for an Android app version to make it more user-friendly and easy to navigate. Several people using Twitter’s alpha and beta apps have begun seeing a design that places Twitter’sfour core areas main feed, Moments, notifications, and direct messages as large tabs across the top of the screen, The Verge reported on Wednesday. The new design is letting the users toggle between them either by tapping on the tab or by swiping side to side, making it much easier to navigate and…

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India Funding Roundup: An Online Legal Services Provider, Loan Marketplace, and More

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Our latest funding roundup compiles seed stage investments in Indian subscription based grocery delivery startups, legal services providers, loan application portals, and proximity marketing firms. Deal4Loans Noida-based Deal4Loans, a loan information and application portal that provides information on personal, home, car and business loans, and credit cards from different banks has raised an undisclosed amount of funding from international investors, including Ram Shriram, Neeraj Arora, Samir Sood, and Puru Vashishtha. Founded in 2009, the company has reportedly booked over Rs. 10,000 crores in loans through seven million customers. LegalRaasta Online…

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Uber Offers Free Rides in Argentina Amid Crackdown

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Uber redoubled efforts to launch its services in Argentina on Friday by offering five days of free rides even as authorities cracked down on the rideshare company’s operations. Police raided homes where they believed Uber to be operating out of after a court had ordered the company on Wednesday to suspend operations and launched an inquiry into whether the service presents unfair competition. “The goal is to reach a ruling that can disable the company,” prosecutor Martin Lapadu told the C5N television channel after ordering the raids. “We searched for…

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