- Paytm Employees Make $15.3 Mn By Selling Shares As Investors Look To Consolidate Holding Ecommerce and payments platform Paytm garnered major traction during the demonetisation drive. Cashing in on the wave, Paytm CEO Vijay Shekhar Sharma managed to gatecrash the Indian billionaire’s club as per China-based research firm Hurun earlier this month. He also managed to debut on the Forbes’ list of billionaires. But Paytm’s CEO is not the […]
- Pune Based Agritech Startup AgroStar Bags $10 Mn From Accel India, Others Pune-based agritech startup AgroStar has raised $10 Mn Series B funding led by Accel India. Existing investors IDG Ventures and Aavishkaar also participated in this round. AgroStar was founded in April 2013 by Shardul Sheth and Sitanshu Sheth. It is an mcommerce platform for agriculture and has built a technology platform and uses data analytics […]
- Ahmedabad Based Mcommerce Platform OhoShop Raises $1 Mn From Brand Capital In a season of dried up VC funding and angel funding, corporates are having their moment in the sun. Marking its second investment of the week, Ahmedabad-based OhoShop, a Software-as-a-Service (SaaS)-based mcommerce enabler has raised $1 Mn funding from Brand Capital. Abhishek Agarwal, co-founder & CEO, OhoShop said, “Our consistent efforts have paid off and […]
- 40 Mn Downloads And Counting: Mrinal Sinha, COO, Mobikwik On Impact Of Demonetisation And Digital Payments [Note: This article is part of The Junction Series. We will be covering the FinTech sector in detail at The Junction 2017 in Jaipur. Learn more about The Junction here!] “The chains of habit are too weak to be felt until they are too strong to be broken.” ― Samuel Johnson With reference to the […]
- Vijay Shekhar Sharma Takes Paytm To New Heights; Gains Funding From MediaTek’s Mountain Capital Mobile payments and ecommerce platform Paytm announced today that Mountain Capital, an investment fund of MediaTek will make an investment in the company. The deal amount is undisclosed but it has been reported that the Taiwanese semiconductor maker MediaTek is expected to invest $60 Mn (INR 400 Cr) in India’s One97 Communications, which runs mobile […]
- Paytm To Offer Same Day Delivery In 20 Cities Mobile payment and ecommerce platform, Paytm, has announced to offer same day delivery of products in 20 cities. Paytm has begun with the deliveries with local-based commerce and will further add more categories to it. As of now, sellers themselves provide the delivery and installation service while Paytm enables them by training on how to manage […]
- Paytm To Invest $90 Mn in Marketing To Boost Brand Messaging Mobile Payments and commerce platform Paytm is planning to invest an estimated $90 Mn (INR 600 Cr) on marketing for this financial year, to become a household name. Paytm has launched a new TV Commercial (TVC) highlighting Paytm wallet’s multiple uses to further strengthen its core messaging ‘Paytm Karo’ (just use Paytm). Paytm received its […]
- Myntra Brings Back Its Desktop Site A year after shutting down its desktop and mobile site and taking a mobile only route, Myntra on Saturday finally brought back its desktop website, ditching its app-only strategy. Myntra had announced plans to bring back desktop site in May. The desktop site has been built from scratch to be responsive. Ananth Narayanan, the Chief Executive […]
- Uber Takes Paytm For A Global Ride Cab hailing app Uber has collaborated with mobile commerce platform Paytm and Alibaba‘s financial arm Alipay, to enable their users to book and pay for cab rides, from respective apps globally. As per the new collaboration, Paytm users will now be able to book and pay the fare for an Uber cab ride through Paytm App. The facility […]
- Delhi High Court Restrains Snapdeal Owned Firm Unicommerce From Using Paytm’s Biz Data After Paytm filed a lawsuit against Snapdeal owned Unicommerce, an ecommerce management software and fulfilment solutions provider, Delhi High Court has put a stay order on Unicommerce from using any data or information derived from the sellers of Paytm, reported ET. Unicommerce denies the allegation, however, the court has also ordered Unicommerce to pull down […]
- Paytm’s Yatra To Online Travel Business? Mcommerce platform, Paytm, is planning to pick up stake in Gurgaon-based travel portal, Yatra.com, reported TOI. According to the report, Paytm has held a couple of rounds of talks with Yatra and details are being worked out. “Paytm’s investment might come via primary infusion. However, some secondary sale may also happen,” a source directly aware […]
- From Mobile Screens To Silver Screens, Paytm Wants To Win-It-All Gurgaon-based PVR Cinemas have partnered with mobile payments platform Paytm to bring PVR’s movie tickets to Paytm’s ecommerce platform. In the first year of this relationship, PVR targets to sell tickets worth INR 2.5 Bn to INR 3 Bn on Paytm’s ecommerce platforms besides selling tickets from the box offices and other channels. Starting this […]