In a deal that is likely to encourage young minds to invent and explore, a 13-year-old student, Akshat Mittal, sold his start-up to a popular website Orahi for an 'undisclosed amount'.
The Class IX student had developed and launched his website Odd-even.com which helps people share rides — keeping in mind the destination and their locations. He had launched the website in December 2015 when the odd-even rule was enforced in Delhi, reported The Times of India.
Now, Mittal who sold his website in an all cash deal, is all set to be a part of Orahi's technical advisory board and will be mentored by the company for a year, according to Business Insider.
"The algorithm was developed by me and I look forward to the year-long stint with the board," Mittal, a student of Amity International School in Delhi, told TOI.
Now, Mittal's website will re-direct users to the Orahi interface automatically.
"The name is catchy and easy to remember. It currently has 30,000 users and we anticipate more users to register after the second phase of odd-even rule comes into effect on April 15," Orahi CEO Arun Bhati told BI.
The odd-even rule was first tested in January this year where private vehicles with odd-numbered registration plates were allowed to be driven on odd-numbered dates and vehicles with even-numbered registration plates were allowed on even-numbered dates. Women drivers and two-wheelers are exempt from this rule.
Now according to NDTV, Delhi CM Arvind Kejriwal recently announced that the scheme will be re-enforced from 15 April to the end of the month.
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