Overcart secures $3M from JSW Ventures, Sattva Capital & others – MediaNama

Apart from selling used/refurbished products, the company which was launched in 2012 by Alex Souter and Saptarshi Nath, claims to helps businesses and large e-commerce establishments manage their customer returns and eliminate unsold stock by offering these products at marked down prices (liquidation prices) to consumers and smaller retailers. Overcart claims this helps businesses to reduce their warehousing costs.

Source: Overcart secures $3M from JSW Ventures, Sattva Capital & others – MediaNama

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A Start-Up Shies Away From the Gig Economy – The New York Times

A number of technology companies have switched or are in the process of switching their contractors to employees for reasons similar to those of Redfin, including Shyp, a parcel shipping service; Luxe Valet, which offers a valet parking app; and Munchery, a food delivery service. Honor, an on-demand service for home health care professionals, is making the move to improve training.

Source: A Start-Up Shies Away From the Gig Economy – The New York Times

Two LivingSocial alums cook up a fresh recipe in the foodie business space – The Washington Post

The two young entrepreneurs absorbed the lessons from LivingSocial’s hell-bent expansion and are now focusing their operational skills on a different problem: how to deliver more than 1,000 fresh meals a night to upscale Washington-area professionals with surgical precision within a 30-minute window that is chosen by the customer.

Their ambitious start-up is called Galley, and it could make them rich if they pull it off. It won’t be easy. The 21st-century version of the TV dinner is a hot space right now

Source: Two LivingSocial alums cook up a fresh recipe in the foodie business space – The Washington Post

Startup Spotlight: Mediconecta of Miami brings telehealth to emerging markets | Miami Herald

Mediconecta.com is a telehealth innovator that provides on-demand medical consultations via videoconference. Using an in-house network of physicians and a robust proprietary platform, the company offers complete clinical resolution via web, its mobile app or telehealth kiosks.

Source: Startup Spotlight: Mediconecta of Miami brings telehealth to emerging markets | Miami Herald

Facebook Live and the death of TV – Business Insider

Live streaming, specifically Facebook Live, last week had it’s CNN moment, similar to CNN’s being catapulted to the leading edge of coverage by the Reagan Assissination Attempt in 1981. Many established journalistic and media practices must adapt.

Now it’s clear what Facebook Live is for.It’s replacing the last stronghold of television: live events.

Source: Facebook Live and the death of TV – Business Insider

NH Uber law called a ‘minimalist approach’ – News – seacoastonline.com – Portsmouth, NH

The law, passed last month and effective immediately, requires “transportation network companies” – defined by the new law as companies that use technology like smartphone apps to arrange ride services – to register with the state Department of Safety and removes authority from municipalities. Individual drivers do not need to register with the state under the new law, only the companies for which they work.

However, the law does not include provisions for how companies can actually register with the state. Department of Safety Assistant Commissioner Richard Bailey Jr., said the Division of Motor Vehicles will need to create a registration process by going through the Legislature’s Joint Committee on Administrative Rules. He said that should last well into the fall. Until then, companies like Uber are free to operate as they have been in New Hampshire.

Source: NH Uber law called a ‘minimalist approach’ – News – seacoastonline.com – Portsmouth, NH

Spike in ex-Uber drivers turning to taxis: Beck Taxi | Toronto & GTA | News | To

“My car has basic insurance so it only covers it for ‘pleasure,’ not the customer,” he said. “I tried to contact Uber, but there’s no number to call. I tried to e-mail but I don’t get any response.

”After some more research, he decided it was too risky, compounded with the low $700 wages he was making for five days’ work. Two months later, he switched over to a taxi company in Vaughan for a year and now he works at Beck Taxi.

Source: Spike in ex-Uber drivers turning to taxis: Beck Taxi | Toronto & GTA | News | To

Vancouver Is Silicon Valley North. So Why Doesn’t It Have Uber? – Bloomberg

Few major cities have been quite as inhospitable to Uber as Vancouver, which sent the company fleeing four years ago after regulators declared it a limousine service and essentially destroyed the business logic.

Source: Vancouver Is Silicon Valley North. So Why Doesn’t It Have Uber? – Bloomberg

Ontario approves insurance plan aimed at Uber | Toronto Star

Uber riders can rest a little easier en route, says the ride-hailing company, after the province approved an insurance plan Thursday that covers paying passengers.

The plan, approved by Ontario’s insurance regulator this week, ends Uber drivers’ legal limbo. It also makes Ontario the second Canadian jurisdiction after Alberta to give the go-ahead to a policy tailor-made for ride-sharing services, despite ongoing concerns around lopsided regulations and costs for taxi drivers.

Source: Ontario approves insurance plan aimed at Uber | Toronto Star

Uber raises more than $1 billion with first ever leveraged loan, WSJ reports

Ride-hailing operator Uber has raised $1.15 billion from a new high-yield loan, the Wall Street Journal reported, citing a person family with the matter.

The leveraged loan is Uber’s first and brings the amount the company has raised in debt and equity to more than $15 billion, the WSJ wrote.

Source: Uber raises more than $1 billion with first ever leveraged loan, WSJ reports