Saturday, December 21

Tag: vijay shekhar

5 Most Successful Entrepreneurial Stories: From Rags to Riches
INSPIRATIONAL

5 Most Successful Entrepreneurial Stories: From Rags to Riches

"Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do." Entrepreneurship is surely not an easy task and comes with its own set of challenges and hardships, yet time and again successful entrepreneurs from around the world proved that winners never quit and quitters never win. At the end of the day, it depends on how far you are ready to go even the direst of circumstances. To help you kick off "work blues" and inspire you with some entrepreneurial greatness, we have come up with the most inspirational business success stories that emerged in the wake of personal struggles, diligent leaders, hard-won circumstances and paved the way for enlightening inspiration for the coming generations. &nbs...
One97 Communication Which Runs Paytm Raises 400 Crore From Mediatek, Valuation Upto $5 Billion
FUNDING

One97 Communication Which Runs Paytm Raises 400 Crore From Mediatek, Valuation Upto $5 Billion

Taiwanese chip designer MediaTekis investing USD 60 million (about Rs 400 crore) in One97 Communications, which runs Paytm. The transaction values the digital payment services and e-commerce firm at about USD 5 billion. When contacted, a Paytm spokesperson confirmed the development. The funds will be used for expanding payments and commerce businesses and for building and launching the payments bank, she added. Paytm founder Vijay Shekhar Sharma has earlier said its payments bank will become operational later this year. Interestingly, Mediatek is also an investor in Paytm's rival, Mobikwik in India. In May this year, Mediatek had participated in an estimated USD 50 million fund raising by Mobikwik. Alibaba-backed Paytm is looking at raising about USD 300 million (over Rs 2...