Indian Post has sent a notice to digital payments company Paytm, asking them to stop using the term ‘postcard’ for one of its newly launched products Paytm Postcards. The digital wallet firm had recently introduced Paytm Postcards, a digital option to gift money to someone on festive occasions, launced during Rakhsa Bandhan this year. As […]
Online marketplace ShopClues, run by Clues Network Pvt Ltd has recently appointed former V-Mart Retail Ltd executive Deepak Sharma as its Chief Financial Officer(CFO).
Ramkumar Krishnamachari, chief financial officer of online local business search engine Just Dial Ltd, has resigned from the firm. Krishnamachari will be relieved from his duties with effect from 30 September 2017, Just Dial said in a stock-exchange filing. He joined Just Dial in 2010 and was instrumental in laying the groundwork for its initial […]
Fast food chain Wow! Momo today said it has raised Rs 44 crore in series B funding from venture capital firm Lighthouse Funds and angel investor group Indian Angel Network (IAN). The latest round of funding led by Lighthouse Funds, which invests in mid-market consumer-driven firms, values the company at Rs 230 crore, the Kolkata-based […]
Home furnishing company Urban Ladder today said it has appointed Jaipal Singal as its Chief Financial Officer with immediate effect. Singal joins Urban Ladder from Arvind fashion brands and has also been associated with Marks & Spencer and Mahindra Retail, Urban Ladder said in a statement. He will lead the charge to improve the companys […]
Shares of Snap fell 1.5 percent as the Snapchat owner faced criticism for comments allegedly made by its CEO about not prioritising growth in India and Spain because they were “poor” countries. The dip put Snap on track to close at its lowest level in nearly a month, a bad sign following its $3.4 billion […]
Facebook-owned Instagram has claimed that more than 200 million people a day use its Stories feature, which competes against Snapchat. Snapchat had 161 million daily active users at the end of last year, ahead of Snap’s March initial public offer, which was the largest by a technology firm in three years despite decelerating user growth. […]
One of the leading Venture capitalist SAIF Partners has sold its entire 11 percent stake in MakeMyTrip and the transactions are estimated to be 400 Million, a largest cash exit in India’s venture capital industry. The news was first reported by economic times. Founded in 2000 by Deep Kalra, Keyur Joshi and Rajesh Magow, Makemytrip shares […]
Led by Bansal’s, India’s top e-commerce player Flipkart plans to move into the groceries space and make a renewed push in the online furniture business, as it expands its product portfolio and looks to outmaneuver global giant Amazon.com in a burgeoning Indian market. Flipkart Chief Executive Binny Bansal said the home-grown e-commerce player plans to […]
Alphabet’s venture capital arm CapitalG, earlier known as Google Capital, disclosed an investment in Snapchat by adding the social networking firm’s logo to a page on its investment portfolio website. CapitalG has not made a formal announcement and it was not clear when Google made the investment. The company was not immediately available to comment. […]
IANS: The world’s cheapest smartphone at Rs 251 (less than $4) is here, finally. Its makers, the Noida-based startup Ringing Bells Pvt Ltd, say they have made it possible despite allegations from various quarters that such a phone would not see the light of the day. Even an FIR was lodged against the company. According […]
McDonald’s has received more than half a dozen bids for its China and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower and ChemChina, in an auction that could fetch up to $3 billion, people familiar with the matter said. Buyout firms including Bain Capital, TPG Capital and Carlyle Group are also participating in […]