Trifecta Capital, NDTV invest in digital payments platform MobiKwik

Vijayakumar Pitchiah

MobiKwik, the digital payments platform owned by Gurugram-based One MobiKwik Systems Private Limited, has raised $1.27 million ....

15 July, 2019

Swiggy to invest $100mn in subscription delivery Supr: Report

Payal Ganguly

Food technology unicorn Swiggy has committed to invest $100 million (Rs 686 crore at current exchange rate) in its subscription-based ....

10 July, 2019
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BookMyShow eyes unicorn status with new stake sale : Report

Payal Ganguly

Bigtree Entertainment Pvt Ltd, which owns and operates the online ticketing platform BookMyShow, is in talks to sell 10-12% stake, ....

9 July, 2019

Flipkart says compliant with FDI rules; Tencent, Paytm may invest in MX Player

Payal Ganguly

Flipkart chief executive Kalyan Krishnamurthy said that the Walmart-backed e-commerce platform was compliant with the foreign ....

3 July, 2019

Ola, Uber told to stop ride-pooling in Bengaluru; Paytm Mall controls cash burn

Om Athavale

The transport commissioner of Karnataka has ordered cab aggregators Ola and Uber to immediately withdraw their ride-pooling feature, ....

1 July, 2019

Roots Ventures ropes in Paytm’s Vijay Shekhar Sharma as anchor investor

Vijayakumar Pitchiah

Mumbai-based sector-agnostic investment firm Roots Ventures has roped in Paytm founder and CEO Vijayshekhar Sharma as an anchor ....

27 June, 2019
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Part-time job platform TapChief raises funding from 500 Startups, AngelList India, others

Vijayakumar Pitchiah

Gig marketplace TapChief has raised $650,000 (around Rs 4.5 crore) from more than 50 investors including 500 Startups, AngelList ....

26 June, 2019

Amazon Pay strengthens war chest with fresh infusion from parent

Payal Ganguly

Amazon Corporate Holdings Singapore has led an infusion of Rs 450 crore ($64.2 million) in Amazon Pay, the e-commerce platform’s ....

24 June, 2019

Binny Bansal sells more Flipkart shares to Walmart; Naspers may not invest in Capital Float

Kavya Kothiyal

Co-founder Binny Bansal has sold more shares in online retailer Flipkart to US retail giant Walmart, which last year bought a ....

24 June, 2019

Paytm shifts focus of cashback strategy to offline merchants

Shweta Sharma

Digital payments unicorn Paytm is shifting the focus of its cashback-based incentive strategy from peer-to-peer (P2P) transactions ....

20 June, 2019
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Paytm rolls out AI engine to bump up payment success rate

Om Athavale

Payments platform Paytm, run by One97 Communications, on Friday announced the launch of its artificial intelligence (AI)-based ....

14 June, 2019

Paytm aims for QR code adoption in small towns with $36 mn spend this year

Kavya Kothiyal

Digital payments unicorn Paytm said it will invest Rs 250 crore (around $36 million at current exchange rate) for the expansion ....

12 June, 2019

Google Pay, Amazon Pay among 48 fintech players not compliant with data-protection law: Survey

Payal Ganguly

All 48 fintech entities surveyed including BHIM, Google Pay, PhonePe, Amazon Pay, and MobiKwik, were found not fully compliant ....

11 June, 2019

Flipkart reduces seller commission, shipping fee; Zoomcar, Drivezy in merger talks

Payal Ganguly

Walmart-backed e-commerce platform Flipkart has reduced seller commission and shipping fee for products across different slabs ....

11 June, 2019

Mobikwik claims pole position in IMPS transactions among digital payment firms

Vijayakumar Pitchiah

Digital payments firm Mobikwik said it clocked the highest number of Immediate Payment Service (IMPS) transactions among digital ....

10 June, 2019

Paytm clocks over $50 bn across 5.5 bn transactions for 2018-19

Binu Paul

Digital payments unicorn Paytm has achieved gross transaction value (GTV) of over $50 billion from 5.5 billion transactions in ....

6 June, 2019

UPI transaction volume drops in May but total value climbs

Payal Ganguly

The number of transactions based on the Unified Payment Interface (UPI) declined for the second month in a row but the value of ....

3 June, 2019

South Korean digital wallet True Balance clocks $100 mn GMV in India

Kavya Kothiyal

South Korean digital wallet app True Balance said it has clocked Rs 700 crore ($100 million) in transaction amount, a growth of ....

3 June, 2019

Paytm may buy Coverfox; new startup fund rolled out; Unacademy likely to raise $55 mn: Reports

Vijayakumar Pitchiah

Digital payments unicorn Paytm is in advanced talks to acquire Mumbai-based Coverfox Insurance Broking Pvt. Ltd, which runs an ....

3 June, 2019

Paytm claims leadership in payment gateway market with over 50% share

Om Athavale

One97 Communications, which operates digital payments unicorn Paytm, said on Friday that it is leading the payment gateway (PG) ....

31 May, 2019

PhonePe seeks $1 bn from Tencent, Tiger Global; Lenskart may enter unicorn club: Reports

Binu Paul

PhonePe, the digital payments arm of Walmart-owned e-commerce giant Flipkart, is in discussions with leading global investors ....

27 May, 2019