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Global Payment Firm Paypal May Acquire 25% Shares of Freecharge

23Dec By NitishNo Comments

News

Global Payment Firm Paypal May Acquire 25% Shares of Freecharge

A leading online payment firm PayPal is in talks with freecharge team to acquire 25% stake as the report by Mint. The expecting amount of the acquisition may be around $200 million (approximately Rs 1,357 crore). Jasper Infotech Private Limited known as snapdeal owned FreeCharge.com. Initially United States-based online payments company PayPal had made an offer for a 51% buyout. However, Snapdeal, which owns FreeCharge, is not too keen on selling a controlling stake. As per recent scenario, Paypal looking to stand itself as a direct competitor of paytm to acquire the large number of Indian market share. After acquiring the stakes in Freecharge, Paypal can offer national and international payment through Freecharge app. The talk is final stage, while PayPal has hired Goldman Sachs...

Gaana, India’s Favorite Music App, Crosses 50 Million Milestone

22Dec By AnkitaNo Comments

News

Gaana, India’s Favorite Music App, Crosses 50 Million Milestone

Gaana, India's favorite music app, announced that it has crossed 50 Million app downloads since it was launched, 4 years back. Gaana is now the biggest music and content streaming service in India and is credited with reinventing the music industry by replacing low quality online music with a monthly subscription service with unlimited downloads and listings of over 10 million songs. Gaana has added various unique and innovative features in the recent past which includes original content programming with top celebrities (likes of Asha Bhonsle, Shankar Mahadevan, Ashish Vidyarthi), India's first Facebook messenger music bot, local music integration, localisation of app in 9 languages, mobile wallet integrations, music recommendation engine and seamless playability even at 2G speed which ...

US Blacklists Chinese E-commerce Giant Alibaba For Fake Product Selling

22Dec By PriyankaNo Comments

CHINA, USA

US Blacklists Chinese E-commerce Giant Alibaba For Fake Product Selling

Chinese e-commerce giant Alibaba Group is back on the US government's annual list of "notorious markets" that sell pirated goods. The Office of the US Trade Representative said yesterday that Alibaba's on-line marketplace Taobao sells "high levels" of counterfeit goods and is slow to respond when companies complain about the knockoffs. USTR took Alibaba off the blacklist in 2012, but several US trade groups successfully sought to get it reinstated. "There are a lot of victims here," including US companies that lose sales to fakes and consumers who wind up with shoddy goods, said Stephen Lamar, executive vice president at the American Apparel & Footwear Association, which wanted Alibaba back on the list. Alibaba Group President Michael Evans said the company is "disappointed." ...

PDF to Excel- Providing the Necessary Help for Many Small Business Professionals

22Dec By AnkitaNo Comments

Story

PDF to Excel- Providing the Necessary Help for Many Small Business Professionals

The usage of the most popular program in the Microsoft Office suite, the versatile Excel, is in a word - enormous. All around the globe, numerous business people, students and educators alike benefit on a daily basis from this truly handy program. The secret to its success lies in its multi-functional structure of rows and columns, along with a set of progressive mathematical formulas, Excels spreadsheets are ideal for accounting, banking, marketing, bookkeeping, human resources, analysts and many other professions. Almost as an exact opposite to the quality of this software, a rather serious problem can occur while sending Excel files to different computers and devices. Every operating system has its own unique way of reading the formatting of every digital document, so if an Excel file ...

21Dec By AdityaNo Comments

News

PayTm Faces Service Outage

Users of e-payments company PayTm today faced difficulties in transacting through the app which the company said was due to some "technical" error. "We are facing some technical issues. We will have it resolved shortly so please try again after some time," an automated message popped up on screen at time of transaction. When contacted, a Paytm spokesperson attributed the outage to challenges the company is facing with sudden jump in number of users and associated traffic. The spokesperson said that Paytm has added 20 million new users in last 40 days taking the total number of registered users with us to 170 million. "Furthermore, we are seeing much higher interaction per user as compared to earlier and are also witnessing continuous increase in the traffic on our platform. At the eve...

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

20Dec By NitishNo Comments

News

Indian Online Travel Portal Yatra.com Listed on Nasdaq Today

Online travel firm Yatra Online Inc has been listed on the American stock exchange, Nasdaq, under the ticker symbol "YTRA" with effect from today. Yatra said it has completed the transaction with Terrapin 3 Acquisition Corporation (TRTL), which will result in TRTL becoming a partially owned subsidiary of Yatra. As a part of this process, Yatra has raised more than USD 92.5 million of primary capital from global investors, and the merged entity, 'Yatra Online Inc', will continue to be led by Yatra's management team, Yatra Online Inc said in a statement. Commenting on the development, Yatra Co-founder and CEO Dhruv Shringi said: "It's a matter of great pride for us to be one of the few Indian companies to be listed on Nasdaq". Over the course of the past decade, Yatra has established i...

Kalyan Jewellers Launches Sanskritimatrimony.com, an Intuitive Matchmaking Website

20Dec By PriyankaNo Comments

News

Kalyan Jewellers Launches Sanskritimatrimony.com, an Intuitive Matchmaking Website

India's largest jewellery chain, Kalyan Jewellers will now be making inroads into the marriage industry with its new initiative Sanskritimatrimony.com. With this unique matchmaking website, the wedding jewellery brand intends to simplify one's search for a life-partner. Sanksritimatrimony.com promises to quicken the search for the perfect match through a slew of unique functionalities. Built with proprietary algorithms, the website's Compatibility Meter has been designed to help connect individuals with the most compatible matches. Matches are made based on varied criteria ranging from basic ones such as age, gender, etc., to cultural, psychological factors. Speaking about the new launch, a company spokesperson stated, "Kalyan Jewellers has been a household name for many years. For d...

20Dec By AnkitaNo Comments

FUNDING

Jewellery Marketplace VivoCarat.com Raises $50,000 Seed Funding

Online jewellery marketplace, has raised USD 50,000 in seed funding from a group of individual investors. The funds will be used for product development, team building and marketing, it said in a statement. Founded in early 2016 by Ritesh Oza and Abhijith Shetty, VivoCarat is an online portal of diversified jewellery brands that showcases striking and spectacular jewellery products. VivoCarat has successfully managed to join hands with more than 30 reputed brands across Mumbai & other cities like Jaipur, Surat, Kolkata and New Delhi." said Ritesh Oza, CEO, VivoCarat.com. We add a minimum of 100-150 new designs on the site every month and will continue to bring more varieties for customers across the country.

19Dec By NitishNo Comments

News

Paytm vs Paypal – A Legal Battle Over Logo

California based payment startup PayPal has filed a trademark infringement case against Indian leading e-wallet company Paytm. The company which was founded by Elon Musk and Peter Thiel in 1998, used a two-toned blue colour scheme for its logo and has alleged that Paytm has used the same pattern to exploit Paypal's "global reputation and grow its user base." PayPal in its notice states, “Such adoption and/or use of the impugned mark is likely to cause confusion and deception amongst members of trade and public in that they will mistakenly believe that the services under the impugned mark originate from the Opponent [PayPal] or that the Applicant [Paytm] is affiliated or connected with the Opponent, which is not the case.” However, many seems this tactics as a promotional marketing be...

Innovation Helped us Hold Over 3/4th Market Share: Ola COO Pranay Jivrajka

19Dec By PriyankaNo Comments

Entrepreneurs Talk

Innovation Helped us Hold Over 3/4th Market Share: Ola COO Pranay Jivrajka

Transport aggregator Ola today said its India-focussed innovations like offline booking and local language apps have helped the homegrown company "effectively hold onto over three-fourth market share". The SoftBank-backed firm, which is locked in an intense battle with US-based Uber, also claimed that every bit of technology it has built has been "made from the ground up without any premise to use as a base". "When they (Uber) launched in India in 2013, Ola hardly had a first mover advantage as we were doing just about 2,000 bookings a day. In spite of this, we have continued to build on our innovations effectively holding onto over three-fourth of the market-share," Ola COO Pranay Jivrajka told Pixr8. He added that the focus needs to be on localisation for building customised products f...

Practo Acquires Bengaluru Based Analytics Platform Enlightiks

17Dec By NitishNo Comments

ACQUISITION

Practo Acquires Bengaluru Based Analytics Platform Enlightiks

India's leading healthcare platform Practo acquired a Bengaluru-based startup Enlightiks- an advanced analytics platform to offer business intelligence and predictive analysis solutions to healthcare enterprises. The acquisition strengthens Practo’s enterprise segment and augments existing solutions that includes appointment management with Qikwell and a full stack HIMS solution with Insta. The entire team of 50 people from the Enlightiks will join Practo and will form the Analytics Business Unit within Practo which will be headed by Vamsi Chandra Kasivajjala, Co-Founder & CEO, Enlightiks. Enlightiks’ primary offering is called Querent, which is a business intelligence and predictive analytics platform providing actionable insights using complex mathematical, statistical, comp...

Trivago Announces Pricing of Shares Under IPO

16Dec By PriyankaNo Comments

News

Trivago Announces Pricing of Shares Under IPO

Trivago, a global hotel search platform, today announced the pricing of its initial public offering of 26,110,118 American depositary shares (ADSs) representing Class A shares of its affiliate, travel B.V.* (the Company) at $11.00 per ADS. The Company is selling 18,110,091 ADSs, and certain shareholders of the Company are selling 8,000,027 ADSs in the offering. The Company and the selling shareholders have granted the underwriters the option to purchase up to an additional 3,916,517 ADSs at the initial public offering price less the underwriting discount. The ADSs are expected to begin trading on The NASDAQ Global Select Market under the ticker symbol "TRVG" on December 16, 2016. The offering is expected to close on December 21, 2016, subject to customary closing conditions. Found...