The Transport Ministry issued guidelines to motor vehicle aggregators under which a cap has been imposed on driver fees on platforms such as Ola and Uber at 20 percent of the fare for each ride. The aggregators will be allowed to charge a fare 50 percent lower than the base fare and a maximum surge pricing of 1.5 times the base fare. CNBC-TV18 spoke to Ujjwal Chaudhry, Associate Partner at Redseer to understand the implications of the new guidelines.
Vegan beauty brand Plum has raised Rs 110 crore in a series B funding round led by Faering Capital. CEO and founder of Plum Shankar Prasad speaks to CNBC-TV18 about the fund raised.
Also watch Deepak Jain, co-founder of FlexiLoans.com talk about their growth outlook. Lastly, in the special segment "Elevator Pitch", take a look at Bank Open, a startup which is solving business banking challenges faced by SMEs and startups by offering a platform which helps them automate and run their finances seamlessly.