India has become an “action zone” for Chinese investors like e-commerce giant Alibaba as its market attracted second highest Chinese funding in IT products next to the US, state media reported today. Citing the fast growth of Indias e-commerce website Paytm which provides services to 130 million people in India, a write-up in state-run China Daily […]
India’s leading e-commerce platform Flipkart has crossed the 100-million registered users mark, becoming first e-commerce company in the country to achieved this milestone. “This is a small step in our efforts to build a platform that provides quality products, affordable and accessible to millions of Indians shopping online. This milestone has further energized us to ramp-up […]
India is setting a new global standard in fintech. A new instant online payments system, tied to national biometric identity data, launched in recent weeks. Together with an explosion in smartphone usage, this could help the world’s fastest-growing large economy skip traditional financial infrastructure like cash machines, debit cards and point-of-sales machines – speeding up […]
Infosys Co-Founder and former CII President Kris Gopalakrishnan today said almost seventy per cent of startups globally will fail and only five to ten per cent will become large and scale up. “Almost seventy per cent of startups will fail. About 20 per cent will survive but will not grow. They will remain small enterprises, […]
ClearTax , an online tax returns filing platform has raised another $12 million (Rs 80 crore) from SAIF Partners. The new round of funding will use to launch a slew of consumer-focused tax-saving products, including mutual funds and other equity-linked saving schemes. Also as part of the deal , managing partner at SAIF, has joined […]
Fin-tech company Mobikwik is expanding its services by offering instant micro loans to wallet users running short on balance as part of its efforts to boost digital payment usage in the country. The company, which competes with Alibaba-backed Paytm, started pilot on the project a few weeks back and has already given loans to about […]
Online lending platform Capital Float has raised USD 25 million (Rs 170 crore), led by Creation Investments Capital Management. The Series B financing also saw “significant participation” from existing investors like SAIF Partners, Sequoia India and Aspada, Capital Float said in a statement. This is the third round of funding, bringing the total equity capital […]
Reuters: India has become a battleground over the right to unrestricted Internet access, with local tech start-ups joining the front line against Facebook Inc founder Mark Zuckerberg and his plan to roll out free Internet to the country’s masses. The Indian government has ordered Facebook’s Free Basics plan to be put on hold while it […]
A long Tuesday afternoon and I was getting impatient for my next interview with Tooler. I researched their website a for a bit, after much persuasion from the Pixr8 head Nitish. Not that I do not normally research a company before interviewing but the briefing from Nitish made think to myself “here we go again, […]
InMobi, the world’s most powerful advertising platform will power new mobile shopping experiences that enable discovery led commerce (d-commerce) for Indian consumers using its revolutionary, user-first discovery platform, Miip. India’s largest online store, Amazon.in, leading mobile wallet, Paytm and many apps have signed up with the Miip platform to help them reach more than 120 […]