June 2nd, 2016Airtel Payments Bank today announced the appointment of Shashi Arora as the CEO and Managing Director of the company.
His appointment is subject to the approval of the Reserve Bank of India.
He will replace Manish Khera, CEO, who resigned from his post to pursue his entrepreneurial journey.
"I am delighted to announce the...
June 1st, 2016Online automobile marketplace Droom today said it has raised an undisclosed amount from BEENEXT, Digital Garage and other existing investors to expand its presence in the South East Asian countries like Indonesia. However, according to sources, Droom has raised nearly Rs 200 crore in this round of funding.
The company will also use...
May 31st, 20161mg, India’s leading consumer health platform, has raised has raised an undisclosed amount of additional Series B funding from HBM Healthcare Investments AG, the company said in a statement. In April, the company raised Rs.100 crore in the Series B round from Maverick Capital Ventures, the venture capital (VC) arm of US-based hedge...
May 30th, 2016Housing.com , which has raised over $ 100 million from various investors including Softbank and has restructured the business, today said it expects $ 10 million revenue in the current fiscal.
Last November, it had decided to monetize its products as part of the restructuring exercise.
"Housing.com is receiving an overwhelming...
May 29th, 2016Darling of jobseekers till recently, the startup space may lose some sheen in the job market as management and tech graduates might prefer joining safer companies after the Flipkart fiasco, say experts.
The e-commerce major has deferred joining dates for campus hires from IIM Ahmedabad and IITs citing restructuring of its businesses,...
May 28th, 2016Facebook founder Mark Zuckerberg will chat live with three astronauts currently living on the International Space Station and ask them questions posted by viewers on NASAs facebook page.
In a 20-minute Facebook Live video call with two NASA astronauts - Tim Kopra and Jeff Williams - and a European Space Agency astronaut Tim Peake,...
May 26th, 2016Online learning startup EdCast acquired online sales training company Sales University, previously known as WAGmob, for an undisclosed amount.
This is the first acquisition the education platform has made after closing a $16 million Series-B round led by GE Asset Management in April. Sales University, founded by former Microsoft...
May 26th, 2016Online tax returns filing platform ClearTax, has raised $2 million (Rs 13.3 crore) from FF Angel, and Sequoia Capital. The company will use the proceeds from the round to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes.
"We have taken the long route, and now we are...
May 24th, 2016IT firm Tech Mahindra today said it will not pursue its plans to set up payments bank operations in the country, becoming the third player to pull out from the race.
"With reference to the earlier communication dated August 20, 2015, about the in-principle approval granted by RBI for setting up a payments bank, Board of Directors of...
May 23rd, 2016Tata Groups upcoming e-commerce platform TataCLiQ.com today entered into a strategic partnership with Genesis Luxury Fashion to sell a wide range of international luxury brands exclusively in India.
Genesis is the marketing and distribution partner for more than 14 international brands, including Burberry, Hugo BOSS, Jimmy Choo,...
May 20th, 2016Telenor Financial Services, IDFC Bank and Sun Pharma's Dilip Shanghvi have decided to withdraw their licence to set up a payments bank.
They are the second applicant to withdraw from the licence after Cholamandalam group pulled out of payments banks race a couple of months back.
In a joint press statement, the partners said: "Dilip...