Uber listed in the US in May 2019. Ola's founder and CEO Bhavish Aggarwal plans to take his company public in 18 to 24 months. At 18 months, it will mark two years after Uber listed its shares on New York Stock Exchange (NYSE). Coincidentally, Ola started its business two years after Uber. Following in Uber's footsteps may have worked initially, but when it comes to listing Ola, it should tread carefully. The harsh lessons Uber learnt while preparing for its IPO should actually make it cautious.Ola has another thing in common with Uber: sizeable losses. To be sure, India's largest ride-hailing startup has narrowed its losses by about 60 percent in the year to March 2019 to Rs 1,160 crore from Rs 2,676 crore in the year ago. But the number is still substantial. Public market investors may want to see a quicker path to profits as they can be less patient than private equity funds.The question then is, why is Ola in a hurry … [Read more...] about Ola IPO | Bhavish Aggarwal likes walking down the Uber path, even to the Street
Welcome to our second special Friday Tabs. Today, Kyle Chayka is here to fill us in on the world of the arts. Kyle is a freelance writer for places like Businessweek and The New Republic, and he started a journalist co-working space called Study Hall, which you should definitely check out if you’re a freelancer in NY, or maybe anywhere. advertisement advertisement “Dear friend, please read more media to increase your capacity for self-loathing and inaction!” — William (@Powhida) December 10, 2015 Every December the art world gathers in Miami for a bacchanal of capitalism called Art Basel Miami Beach, which is not just one art fair, but a metastasizing crowd of them, with more tents than a souk. Over the past few years, the commercial art world kept it fairly quiet, while auction prices at Christie’s and Sotheby’s escalated. This year, however, the enthusiasm has bubbled over. Miami 2015 was marked, ‘80s-style, by “people … [Read more...] about Today in Arts Tabs: A City Full of Lies, Tabs, Perjury, and Greed
Tiggly, a company that makes tablet learning games for preschoolers, has what every publisher wants: an app near the top of the App Store charts. The app, called Sesame Street Alphabet Kitchen, is an early-literacy tool that lets kids build words with Cookie Monster in the form of—what else?—cookies. It’s the product of a strategic partnership with Sesame Workshop, the nonprofit organization behind the popular kids’ show. Within one week of launch in late November, Alphabet Kitchen was the No. 1 iPad app in both the Kids and Education categories, and ranked fourth overall in the iPad App Store. advertisement advertisement “We were very excited about the ranking,” says Azadeh Jamalian, Tiggly’s cofounder and chief learning officer. And rightfully so. With more than 40,000 new apps released into the app store each month, landing one of those coveted top spots is no accident. For Tiggly, it was the result of a lot of hard work and … [Read more...] about How To Make Your App Zoom To The Top Of The App Store
In the hierarchy of things New York City residents kvetch about, housing ranks near the top. A dearth of affordable apartments has the city in a stranglehold and there’s seemingly no end to escalating rents. (Good luck finding a studio in Manhattan for less than $2,300 per month, the average going rate in the borough.) To tackle this problem, former mayor Michael Bloomberg staged a competition in 2012 to design a micro-units development. In just three years, the experimental buildings have hit the market. But is it enough to alleviate the affordable housing crisis? Short answer: it opens the conversation about retooling the city’s supply of apartments, but it’s not exactly a panacea for NYC’s housing headaches. advertisement advertisement Designed by the Brooklyn-based firm nArchitects, Carmel Place (formerly known as MyMicro) is located in Kips Bay, a neighborhood on Manhattan’s east side, familiar to many as “The place where that movie … [Read more...] about Micro Apartments: Utopia or Dystopia?
When the fast-casual restaurant chain Tender Greens decided to test a new dish on its menu that included plant-based meat earlier this fall, the company didn’t turn to Impossible Foods or Beyond Meat, but to a little-known producer called Abbot’s Butcher that describes its food as “small-batch” meat replacements. advertisement advertisement Beyond Meat and Impossible Foods now sell products at thousands of restaurants, ranging from Del Taco and Burger King to David Chang’s Momofuku Nishi. “They have so much brand equity built up,” says Jack Oh, chief marketing officer at Tender Greens. “But for us, it was a very difficult decision to even think about exploring plant-based protein. That’s because we have a philosophy that’s pretty simple—real food cooked by real chefs in real kitchens.” The team agonized over the choice and decided that they wanted to work with plant-based protein. But they filtered out … [Read more...] about Now that the fake-meat industry has gone corporate, artisanal fake meat is the next trend