Martin Scheepbouwer CEO , OLX GroupHe manages the OLX Group portfolio, including OLX, dubizzle, Avito and letgo. OLX India, a consumer-to- consumer marketplace for used products, has 4.5 million daily active users and gets about seven billion pageviews a month. Over 22,000 cars and 18,000 two-wheelers are listed on OLX everyday.

Scheepbouwer wouldn't say that India has underperformed (its revenues are still modest given its continued investments in people and TV campaigns over the years). But he does acknowledge that foreign investors perhaps were oversold on the India story.

Google is planning to launch Kormo app at its annual Google for India event in New Delhi on September 20. Kormo will have to compete with established players such as Quess Corp and Tech Mahindra's Saral Rozgar

An online marketplace uses tech filters to protect users from scammers and miscreants

Sitharaman's argument that millennials' preference for Ola and Uber is responsible for dismal auto sales was perceived by the auto industry as an excuse for not slashing excise duties to prop up sales - something the government has been hinting at for a week at least

While the auto companies are battling a slowdown in sales across all parts of the country, few north-eastern states have bucked the trend of a declining industry-these include Manipur, Mizoram, Nagaland and Sikkim along with Jammu and Kashmir

\"We should move towards alternative fuel... I am going to do this, whether you like it or not. And I am not going to ask you. I will bulldoze it. Petrol, diesel gaadi banane walo ka band bajaana hai,\" he had said in September 2017.

Nationwide, according to industry estimates, automakers, component manufacturers and dealers have laid off about 350,000 workers since the start of the year, in response to plunging car sales

According to OLX, India's largest online marketplace for pre-owned cars, sales are projected to grow by at least 10 per cent in 2019 at 4.4 million units even as sales of new cars is expected to decline by 6 per cent this calendar year.

Indian digital platform Meesho has raised $125 million in its latest funding round, led by South African internet group Naspers, the e-commerce start-up said on Monday.

The Meesho platform allows re-sellers of everything from jewellery to mobile phones to reach prospective customers via social media platforms such as Facebook, WhatsApp and Instagram

Naspers will transfer its 42.5 per cent stake in MakeMyTrip in exchange for a 5.6 per cent stake in Ctrip, which will raise the Chinese investor's stake to 49 per cent

From selling products to leveraging your followers to drive purchasing decisions, there are many ways to make money on social media platforms

The company has introduced a new tagline, 'Set Hai', as part of the new brand identity, apart from a new logo; this will be accompanied by an advertising campaign across television, print and digital media in seven regional languages.

Olx reached break-even in the financial year 2018 with profit after tax of around Rs 15 crore. Also, the online classifieds platform aims to double its monthly active users to 10 crore from the current 5 crore.