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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 •

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. 

 

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