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The CEO of OLX Autos in Indonesia since August 2019 is Johnny Widodo. [17] OLX Cashmycar, a joint venture between Frontier Cars Group (FCG) and OLX in India, was announced in November 2018. [18] [19] This was offline expansion of OLX online platform. [20] OLX Cashmycar launched its 50th store in February 2019. [21]
This is a list of unicorn startup companies: In finance, a unicorn is a privately held startup company with a current valuation of US$1 billion or more. Notable lists of unicorn companies are maintained by The Wall Street Journal , [ 1 ] Fortune Magazine , [ 2 ] CNNMoney / CB Insights , [ 3 ] [ 4 ] TechCrunch , [ 5 ] PitchBook/Morningstar, [ 6 ...
Dunzo started out as a small WhatsApp group, and transformed into a hyperlocal, app-based service. [13] Dunzo raised its first round of funding of US$650k in March 2016 from Blume Ventures, Aspada Ventures, accompanied by other investors including, Rajan Anandan, MD of Google India and Sandipan Chattopaday. [10]
The initiative saw the sale of non-core businesses, Freecharge and Vulcan Express, to dedicate more resources to Snapdeal's e-commerce marketplace, which is its core business. [13] [14] The strategy yielded strong results. From 2017 to 2021, Snapdeal's revenue grew by 74% [15] at its peak, while losses were cut by nearly 95%. [16]
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. [1] [2] While entrepreneurship includes all new businesses including self-employment and businesses that do not intend to go public, startups are new businesses that intend to grow large beyond the solo-founder. [3]
It also started its operations in Pakistan by 2021 and became the most downloaded ride-hailing app in the country within a year. [38] In June 2022, inDriver announced that it was entering the Australian market, with an initial launch in Melbourne. [39] In July 2023, inDrive launched in the U.S., in Miami, South Florida. [40]
It has been found that small businesses created the newest jobs in communities, "In 1979, David Birch published the first empirical evidence that small firms (fewer than 100 employees) created the newest jobs", and Edmiston claimed that "perhaps the greatest generator of interest in entrepreneurship and small business is the widely held belief ...