Autorickshaw-hailing app AUTOnCAB shuts down
Gurgaon-based autorickshaw booking app AUTOnCAB has shut down its operations owing to competition from its rivals. Launched in 2014, the startup laid off 40 employees in the process. “Uber and Ola have been offering a lot of discounts and incentives...We did not want to burn cash unnecessarily,” said the startup's Co-founder and CEO Vinti Doshi.