Tag: olx


Girnar co-founders renege on salaries as loss soars

Girnar co-founders renege on salaries as loss soars

The brothers Amit and Anurag Jain, the two co-founders of Girnar Software in 2007, stopped drawing salaries in December and will only start drawing salaries again when the company turns a profit. Girnar Software owns three major auto platforms, namely CarDekho, ZigWheels and Gaadi.com.


Beepi.com closes, but may be back

Beepi.com closes, but may be back

The managers of Beepi.com, a used-auto start-up in the Francisco Bay-area, confirmed a Techcrunch report (here) that the site had stopped operating after running out of cash, and before it could be sold to an interested party.


Rohit Ramasubramanian, co-founder of Zefo (photo from his LinkedIn page with thanks)

Sequoia invests in recommerce start-up Zefo

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.



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