From the Editor's Desk There's a dirty secret with unicorn startups - the potential of a down-round and its implications. This article examines the impact a down round can have on common stock, especially those issued to employees as incentive to work those late hours and weekends. Since late stage investors are protected through various mechanisms such as preferred stock, anti-dilution rights and liquidation preferences, it's the founders and then employees who are last in queue to collect the proceeds. In some cases such as Good Technology, it can even wipe out the entire value of common stock, leading to lawsuits. And so, it is no surprise that some companies do not survive down rounds, not because of finances, but because they can no longer keep their employees - Comment
Paytm signs agreement with Alibaba to enter US, China markets One97 Communications Ltd, which runs mobile wallet and e-commerce venture Paytm, has inked a commercial agreement with NYSE-listed Alibaba Group Holding Ltd, its major investor, to expand its network to international markets such as the US and China, the Mint reported.
Matchmaking app Woo hires former McKinsey, Aircel executives DoubleYou Technologies Pvt Ltd, the company behind matchmaking app Woo, has appointed former McKinsey executive Sanem Erucar and ex-Aircel executive Ritesh Bhatnagar to head the company’s product and growth marketing divisions, respectively.
Five keys to success in digital economy Leading companies that develop a people first approach will win in today’s digital economy, according to the latest global technology trends report from Accenture.
TeamLease to launch IPO on 2 February TeamLease is looking to raise capital to the tune of `150 crore through the issuance, while its private equity investors will pare a part of their holding in the company
Scania India to launch 2 new premium products at Auto Expo 2016 Scania India to launch 2 new premium products at Auto Expo 2016 - Scania Commercial Vehicles India Private Limited, a leading commercial vehicles and engines manufacturer, will launch two new flagship products further enhancing it's offering of sustainable transport at this year's Auto Expo 'The Motor Show at India Expo Mart' in Greater Noida, Delhi NCR, between February 5 and 9.
Why Is Nick Offerman's Face Advertising A Restroom In India? : Report Yesterday Michelle Blimes took this photo of a billboard in India, that appears to be using Nick Offerman's face to advertise a toilet. First thought of course, who can blame them- he's the manliest man in television. Since yesterday her photo has gone viral, with no comment yet from Offerman himself.
Practo Order allows users to order medicine online : DCGI ban? Doctor booking app Practo has now added a new feature on its app which allows users to order medicine online. As of now, Practo Order delivers medicine only in a few neighbourhoods in Bangalore. The feature is not available on Practo's website. A spokesperson for the company said
Pushed to the wall by con woman, Kerala CM Chandy feels Solar scam heat With Assembly elections round the corner a con woman has dropped a bomb powerful enough to shatter the prospects of the Oommen Chandy government in Kerala.The deposition by the con woman, Saritha S Nair before the Solar judicial commission that she had paid Rs 1.9 crore as bribe to the chief minister has already generated much heat in Kerala politics with the Opposition parties, including the Bharatiya Janata Party demanding Chany's resignation.