Start-O-Sphere

Now, a PayTM mall

Monday, February 27, 2017

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Alibaba-backed Paytm has launched Paytm Mall, a consumer shopping app, to take on local rival Flipkart and global rival Amazon in the country. The Indian firms also struggled to raise funds to fend off competition from Amazon. As a result, the industry growth fell by 15 times to 12 per cent at $14.5 billion in …

WhatsApp launch new feature !

Saturday, February 25, 2017

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WhatsApp users will be delighted to know that the platform has launched a brand-new feature aimed at keeping your messages safe and secure. It’s called two-step verification, and WhatsApp has confirmed it’s available to anyone using the popular messaging service, whether on iOS or Android. The optional feature requires users to create a six digit …

From peon to millionaire!

Thursday, February 23, 2017

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This is a story of a rare person who was rewarded for his loyalty, while he worked for a startup. In 2010, Shyam Kumar asked his younger brother, who was working as a driver for a senior banker, to help him get a job. This banker spoke to his good friend Jitendra Gupta, founder of …

FreeCharge CEO Govind Rajan resigns

Wednesday, February 22, 2017

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Govind Rajan, the chief executive of Jasper Infotech-owned digital payments platform FreeCharge, has resigned from the company. Rajan is believed to have submitted his resignation on Tuesday, and the same was accepted by the Jasper Infotech leadership. It is yet unclear the exact reasons for Rajan’s departure from the company, or his plans going forward. …

Alibaba’s Ant Financial to invest $200 mn in S Korea’s Kakao Pay

Tuesday, February 21, 2017

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Chinese e-commerce giant, Alibaba’s payment affiliate Ant Financial will invest $200 million in a unit of South Korean messaging giant Kakao, the companies said on Tuesday, the Chinese firm’s latest step to expand its global reach. The investment in Kakao Pay comes less than a month after Ant bought US-based payments operator MoneyGram for around …

Paytm to invest Rs 600 Crore to enable merchants accept payments through QR code

Monday, February 20, 2017

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India’s largest e-wallet app, Paytm, has announced an invest of over Rs 600 Crore to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant education so they can transact digitally for the first time and become a part …

Paytm clocks Rs 5,000 cr worth transactions in Jan

Thursday, February 16, 2017

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Spurred by demonetisation, online payments platform Paytm clocked Rs 5,000 crore worth of transactions in the month of January, Paytm’s founder Vijay Shekhar Sharma said at Mumbai recently. Sharma told reporters at Mumbai on the sidelines of Nasscom India Leadership Summit. “We clocked Rs 5,000 crore worth of transactions in January alone, that’s 200 million …

India job market records overall increase by 3% compared to a year ago

Tuesday, February 14, 2017

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New Delhi: In an overall buoyant job market, January 2017 recorded growth in jobs, beyond the top metro cities, when compared with January 2016, as recorded by Naukri Job Speak Index. The index has been calculated based on job listings added to the site month on month. July 2008 has been taken as the base …

Startup funding in Maha down 22% in 2016

Tuesday, February 14, 2017

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Mumbai: Startup funding in Maharashtra was down 22% in 2016, according to a recent study by News Corp VCCEdge. In 2016, a total of 219 funding deals worth $285 million was raised by startups based in the state. This was against 282 funding deals amounting to USD 496 million in 2015, the statement from News Corp …

Ola hires Pranav Tiwari, Sanjay Kharb to lead Engineering departments

Monday, February 13, 2017

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Cab curating app Ola has roped in two new executives, Pranav Tiwari and Sanjay Kharb, to strengthen its core technology leadership. Tiwari, former CTO of Cellworks, has joined Ola as Vice President of Engineering and will work towards optimising growth and profitability by bringing in necessary efficiencies in the supply chain function, Ola said in …

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