#MarketWire is a quick round up of notable business movements of the day. This segment features news from One Internet, DigitalOcean & Uber
One Internet Collaborates With FLYP@MTV to Launch Co-working Café
One Internet, startup support system, announced its association with FLYP@MTV to launch first co-working café by One Co. Cafe (initiative of One Internet) at FLYP@MTV.
Initiative of OneInternet, OneCo.Cafe is a concept of progressive co-working spaces that caters to young enterprises, creative minds, freelancers, and independent professionals who want to escape from the conventional work place and explore a blend of Work, Chill and Play. It is an exclusive place to work during the day and turn out as a place to chill in the evening and a play zone at night.
DigitalOcean Announces Partnership with Nasscom’s 10,000 Startup Initiative
DigitalOcean, cloud infrastructure company, announced partnership with Nasscom’s 10,000 Startups initiative to grow and support the startup ecosystem in India.
The partnership aims to assist startups in India through interactions, workshops, boot camps, and mentorship programs. DigitalOcean has also created a cloud based credit program as an incentive for the startups associated with the Nasscom 10,000 initiative, which will offer cloud credits worth $10K to the selected startups in the program.
Uber Ends Surge Pricing, Days After Delhi Government’s Warning
Just days after the Delhi government issued strict warnings to taxi aggregation services, Uber has suspended surge pricing completely in the state. Also, in a letter Uber stated that their fares will fall in-line with the fares decided by the government.
Taxi fares for commuters in the state decided by the government are Rs 12.50/km for Radio Taxis, Rs 14/km for non-AC & AC black-and-yellow cabs and for companies like Ola and Uber the fare is Rs 23/km with 25 percent additional charge during 11 PM to 5 AM.