Omidyar Enters Indian Consumer Internet Market With Quikr

Yesterday, Mumbai-based online classifieds startup Quikr announced a Rs 20 crore Series B round of funding from Omidyar Network and existing investor Matrix Partners — see the press release here. The company had raised an undisclosed sum from Matrix in February last year. Online auction major eBay is also an investor in the firm. Incidentally, Quikr was earlier known as…

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Ten tips for startups to ride out the slowdown

Don’t panic! Economic cycles are a part of life.  The best companies are built in the worst of times. If you panic, your employees will panic. Conserve cash: Delay spending on non-critical things that do not result in revenue generation. Renegotiate vendor contracts, rental contracts, etc. Improve productivity: Get more out of your team. Differentiate between high and low performers:…

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