- MPOS Startup Ezetap Launches GPRS, UPI And eKYC-Enabled EzeSmart Solution Amid RBI hardening the KYC compliance for PPIs, digital payments startup and mPOS maker Ezetap has launched another device EzeSmart, an open-platform enabled with GPRS services, Aadhaar pay and eKYC. As Bhaktha Keshavachar, co-founder and CTO of Ezetap said, “EzeSmart is the culmination of our belief in India’s digital growth story.We have invested time and […]
- Amazon Will Win In India By Starving Competitors Of Capital: Chamath Palihapitiya “Amazon’s strategy is probably to starve their competitors to death,” said Chamath Palihapitiya, founder and CEO of Social Capital, during a recent interaction with TOI. A Sri Lankan-born, Canadian-raised, American tech-mogul-extraordinaire, Chamath has worn many laurels in his career. From VP, User Growth at Facebook, he has gone on to become a hedge fund founder, […]
- Indian Startup Funding Of The Week [Funding Galore 21-26 Aug] We bring you the new edition Funding Galore: Indian Startup Funding of the week. The funding activity in the Indian startup ecosystem. This week 12 Indian startups raised about $244 Mn in funding. (The startup funding calculations are based on the startups that disclosed their funding amounts). Making it the biggest startup funding of the […]
- MPOS Solutions Startup Ezetap Raises $16 Mn From JS Capital, Social Capital, Others Bengaluru-based mPOS solutions provider Ezetap has raised $16 Mn in a funding round led by JS Capital Management, the VC arm of Jonathan Soros. As part of the round, the startup’s existing investors, Social Capital and Hong Kong-based Horizons Ventures, also increased their stake in the digital payments company. The company will be using the […]
- Indian Startup Funding Of The Week [Funding Galore 19-24 June] We bring to you the new edition Funding Galore: Indian Startup Funding of the week. This week 13 Indian startups raised $74 Mn in funding altogether and 4 startup acquisitions took place in the Indian startup ecosystem. (Startup funding calculations are based on the startups that disclosed their funding amounts). This week, Indian startup MobiKwik […]
- mPOS Solution Provider Ezetap Acquires Payment Startup FortunePay Bengaluru-based mPOS startup Ezetap has acquired FortunePay for an undisclosed amount. The acquisition aims to enable Ezetap further expand its payments technology. Digital payment processing solutions startup FortunePay was founded in 2011 by Manju Murthy and Shashidhar P. The Bengaluru-based company offers comprehensive end-to-end electronic payment platform and services in acquiring banks and merchants. “The acquisition […]
- Helion MD Rahul Chandra Floats $100 Mn Fund Unitary Helion Rahul Chandra, MD, Helion Venture Partners has floated a new venture capital fund called Unitary Helion. It will focus on deals in the financial technology space. Unitary Helion will be a $100 Mn fund and plans to make the first close of the fund by October 2017 at about $40 Mn and will start investing. […]
- E-wallets The Real Winners After Demonetisation Drive: Paytm Registers 1000% Jump In Add-To-Cash Transactions Just two hours after PM Modi announced the demonetisation of INR 500 and INR 1000 notes, a peculiar thing happened at Paytm. “At 10 o’clock, we saw some numbers which went through the roof. Our Google analytics had crashed and we were not able to track real time numbers. In the morning when we checked, […]
- Solving For ‘Poverty Premium’: The Story Behind Launching MoneyTap My father was in the government service and while growing up in India in the 70s and 80s; money was always tight at home, especially after the middle of the month. Years later, upon returning from the US and while working as a volunteer for Aadhaar (UIDAI), I had the good fortune to see how […]
- Paytm Wants To Go Solo. But Is It A Wise Bet? In order to provide ‘Universal Mobile Wallet Acceptance’, last year, mPoS solution providers like ePaisa and Ezetap Mobile Solutions had announced that they will tie up with various wallet companies to provide one stop solution for payments through wallets. However, taking a u-turn on its decision, mcommerce company Paytm announced today that it will not […]
- Are Mobile Wallets Here To Stay? Or Is Cash Still King For The Indian Consumer? A burgeoning middle class, rising levels of disposable income, better internet services than ever before, skyrocketing growth of smartphone usage, investor money flowing into the mobile payments industry– the time has never been better for India’s mobile wallet startups, for sure. But is the Indian consumer reluctant to give up cash? If so, why? The […]
- MPoS Solution Provider Ezetap Announces Universal Acceptance Of Mobile Wallets For All Merchants After ePaisa, Bangalore-based mPoS solution provider Ezetap Mobile Solutions has announced the launch of ‘Universal Mobile Wallet Acceptance’. Under this, merchants will be able to accept any wallet payment through Ezetap point of sale application. Ezetap has tied up with four of the biggest wallet providers in the country viz, Paytm, Mobikwik, Freecharge and Novopay […]