E-commerce giants like Amazon, Flipkart, Myntra, and Paytm are gearing up to launch their festive sales. CashKaro.com has analyzed past trends to identify marketing strategies that e-commerce websites will use to amplify their sales during this period. Incentivizing Wallet Payments By capitalizing on the cashless wave, payment through self-funded mobile wallets has become a widely used strategy. Customers […]
US-based cab aggregator Uber today said it will roll out an insurance programme for over 4.5 lakh of its driver-partners in India in partnership with ICICI Lombard General Insurance. The programme, which will go live from September 1, will be extended for free to driver-partners aged 18-65 years. Uber currently has a similar offerings in […]
Matrimony.Com, which runs online match making business under BharatMatrimony brand, today filed draft papers with markets regulator Sebi to raise an estimated Rs 350 crore through an IPO. The initial public offer (IPO) consists of a fresh issue aggregating up to Rs 130 crore and an offer for sale of up to 3,767,254 equity shares. […]
Fino Paytech is seeking help from ICICI Bank to set up its payments bank venture and is aiming to launch the new entity within two months, a top official said. “We are aiming to launch payments bank in one-and-a- half to two months. We’re taking assistance from ICICI Bank for setting up the bank,” chief […]
You are not alone if you are ignoring travel insurance while booking the ticket for your upcoming trip. In fact, 90 percent of Indian travellers going abroad know about travel insurance, but only 2 to 5 percent of them prefer to buy one. Usually, people in India do not buy travel insurance unless the country […]
In one of the sharpest comments against prepaid wallets like Paytm, HDFC Bank chief Aditya Puri today said such companies which hold on to customers through cash-backs are loss-making and have “no future”. “I think wallets have no future. There is not enough margin in the payment business for the wallets to have a future,” […]
In 2013, SEBI introduced a new concept of investing in Mutual funds. Aptly named as ‘Direct plans’ it offers an alternative to investment in mutual funds where investors can skip the middlemen and invest directly with the fund house. An investor friendly option, Direct plans enable the investor to earn up to 1.5% more returns […]
“Infographic created by https://www.icicilombard.com“
As part of its ongoing mission of helping India go cashless, Paytm, India’s largest mobile payments and commerce platform, today introduced the ‘Nearby’ feature on its platform. This will enable Paytm customers to get information about their nearest Paytm merchant. Paytm ‘Nearby’ will carry a directory of 800,000 of offline merchants and partners across India. […]
Financial products platform RupeePower expects to grow about 70 per cent this year, clocking Rs 15 crore in revenue as it expands its product portfolio and facilitates disbursal of Rs 10,000 crore in loans. The Gurgaon-based startup, which had sold a majority stake in the company to eCommerce major Snapdeal in April 2015, has bought […]
Varun Beverages, franchisee for soft drinks maker PepsiCo, has received markets regulator Sebis approval to raise over Rs 1,000 crore through an initial public offering. Besides, leading logistics service and solutions provider, Seaways Shipping & Logistics has also got Sebis nod to float an IPO. Varun Beverages and Seaways Shipping & Logistics had filed their […]
Online marketplace Snapdeal has announced collateral-free loans worth Rs 1,000 crore for its sellers ahead of the festive season to enable them to stock up adequately. The loans would be disbursed through its ongoing programme Capital Assist, which is now managed by FreeCharge and is available to all sellers and merchants on Snapdeal, Shopo and […]