Instagram Founders Quit & Snapchat Points its Camera at Amazon: 4 Things to Know Today Stay tuned to get every day updates in 60 seconds.

By Sanchita Dash • Sep 25, 2018

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

1. Instagram co-founders call it quits. Kevin Systrom and Mike Krieger have resigned from their respective positions to explore their creativity again.

2. Facebook India has a new boss. The social media giant has appointed Hotstar CEO Ajit Mohan as its new managing director and vice-president for India.

3. Snapchat is working on "point-and-buy' strategy with Amazon. The photo-sharing app might soon allow the users to use its camera to shop directly from Amazon.com.

4. Oyo pockets another billion. The hotel room chain has raised $800 million from Softbank Ventures, Sequoia Capital and Lightspeed for overseas investment with commitment of another $200 million.

Here's the "news that entrepreneurs can use". Know what's trending in the Indian business world in 60 seconds.

Sanchita Dash

Entrepreneur Staff

Former Senior Correspondent, Entrepreneur India

In the business of news for 5 years now. Making my way across India thanks to my career. A media graduate from Symbiosis, Pune, I have earlier worked with Deccan Chronicle (South India's leading English daily), T-Hub (India's largest incubator) and Anthill Ventures (a speed-scaling platform).

Stories, movies and PJs are my thing.

If you hear 'The Office' opening score randomly, don't worry it's just my phone ringing.

Most Popular

See all

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

By Jonny Caplan

News and Trends

The Saviour: Zaheer Adenwala , co-founder and COO, Ketto

The startup aims to address the healthcare financing gap by bridging the disparity that currently exist in receiving affordable healthcare

By Shrabona Ghosh

News and Trends

Snapchat Adds Chat Editing Capability With AI

The most recent version of Snapchat has a ton of new capabilities, like the ability to modify messages and create reminders. Additionally, it now offers a few extra features driven by generative AI.

By Entrepreneur Staff

Growth Strategies

BluSmart Hints At Going Global With Electric Cabs

BluSmart's journey underscores its leadership in driving EV adoption and infrastructure development in India, setting a precedent for sustainable mobility solutions worldwide.

By Priyanka Tanwer

Technology

Banking And It's Adoption Of Technology

A wide range of businesses are starting to rely heavily on artificial intelligence, and banking is no exception. AI has the potential to boost operating income by 20% and raise efficiency by up to 30%, according to research from US-based multinational corporation Accenture.

By Kavya Pillai