Without funding, an entrepreneur cannot think of taking forward or flourishing his business, and thus, funding activity is a major part of any business. With this step, the business grows and flourishes to a great extent. This week was quite eventful in terms of funding activities and let us have a look on the top […]
Alibaba-backed Hellobike which is one of the largest bike-sharing apps announced that it raised “millions of funds” in a new funding round. The company declined to reveal details on the funding amount and use of the proceeds. The round was led by Ant Financial, the financial affiliate of Alibaba and maker behind digital wallet Alipay, and […]
Digital payment firm Obopay has reportedly entered into a partnership with FederalBank and Mastercard for the purpose of launching a prepaid payment solution for corporate clients to manage their disbursement and payment solutions. The company stated that the fresh card will have multiple features like split transaction, multi wallet facility, ATM withdrawals, inter-card fund transfer, and many others. Also, the […]
Bangalore Metropolitan Transport Corporation (BMTC) is planning to come up with an Android-based ticketing system that will allow commuters to buy tickets through digital wallets. With this launch, its 10,000 electronic ticketing machines will be replaced and to begin with, the system is being tried out in 200 buses. “Our conductors have started using the new […]
Internet giant Tencent has got into an association with China’s largest payment provider China UnionPay and its subsidiary UnionPay International for the purpose of offering cross-border mobile payment services for Hong Kong residents. This will also allow the users to use the Hong Kong version of WeChat Pay on the mainland. The major objective behind this […]
India’s largest digital wallet company Paytm will now start offering life insurance cover of up to Rs 5 lakh to its offline partners and their staffs. One97 Communications, the parent company of Paytm, said that this effort will help in giving a push towards realizing India’s vision of the digital economy. Paytm will offer life […]
A savings account is the most basic type of bank account which enables the customers to deposit their money easily and keep their funds secure. It might be a good idea to consider “peer to peer isa” if you have some investments that you get a dividend from and would like to pay less tax […]
Digital Wallet Firm MobiKwik’s marketing and growth department head, Daman Soni has resigned from his post, marking another senior level exit from the company. While the firm witnessed a growth as compared to its previous reports it has lost some prominent employees in its senior level hierarchy in a span of last 6-8 months. A […]
Kunal Shah, Co-founder of Payment company Freecharge has successfully raised $30 million from a group of investors led by led by venture capital investor Sequoia Capital, as reported by the sources. Kunal is starting a new incubator that would be dedicated to helping startups in consumer space. One of the sources on request of anonymity […]
India’s leading digital wallet company Paytm, has reduced its losses to Rs 899.6 crore in the financial year 2016-17 compared to the previous fiscal, as per regulatory documents. The company had posted a loss of Rs 1,496.7 crore in 2015-16 fiscal against a total income of Rs 597.8 crore, as per documents filed by the company […]
While hiring season was just picking up, startups now seem to counter the trend. Messaging platform Hike has announced employee layoffs for up to 20-25% as it is shutting down its Bengaluru operations. A Hike representative confirmed the news stating, We made a few acquisitions last year that skyrocketed the team size, mostly in Bengaluru. […]
Cobrapost news portal conducted a sting operation and it claimed the digital wallet firm, Paytm has breached the user’s privacy by sharing user data related to the details of the protestors in the Kashmir Valley with the Prime Minister’s Office (PMO) on receiving orders from them. In the 13 minutes long video, the cobrapost has […]