Even with rising interest in the online traveltech space and investor confidence, Bengaluru-based Indian homestay network Stayzilla suspended its operations. The founders are now keen on rebooting the concept, with an increased focus on the supply side with the inbuilt specialised solutions such as ‘Stayzilla Verified Homestays.’
Furthermore, ecommerce and payments platform Paytm announced its plan to invest about $90 Mn (INR 600 Cr) to expand its QR code-based payment network. The investment will enable merchants across India for acceptance of digital payments using its QR code-based payment solution. The investment will be used to scale up manpower and technology, and to educate merchants about digital transactions.
Next up, Indian unicorn Snapdeal’s troubles seem to have no end. After laying off 600 employees, and with the founders reportedly taking a 100% pay cut, on its way to becoming a profitable entity in the next two years; online sellers have asked the commerce minister Nirmala Sitharaman to intervene in the matter and safeguard their money.
Freshdesk Launches Freshdesk Marketplace
Freshdesk’s newly launched marketplace allows customers to discover and install apps to help maximise their helpdesk capabilities. Developers will have direct access to create apps that have an audience of 100,000+ global customers. Currently, the marketplace has over 100 apps including Teamviewer, Slack, Salesforce, Jira, Skype, and G-Suite covering key categories from collaboration to telephony.
Microsoft Announces Skype Lite and Project Sangam
The announcement was made by Microsoft CEO Satya Nadella, at the company’s flagship technology and business conference Future Decoded in Mumbai. Satya discussed many success stories made possible by its cloud solution and also announced a slew of India-centric measures – one being an Aadhaar-enabled version of Skype Lite and another being ‘Project Sangam’– a skilling initiative that uses Azure services and the power of LinkedIn’s job searches.