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Author Archive ‘ Arti Singh ’

Why a potential Snapdeal-Paytm merger makes perfect sense

Saturday, February 18, 2017 | More »

Will they? Won’t they? Rumours come and go, but those around India’s third-largest e-commerce company Snapdeal’s merger refuse to die down, even though the suitors keep changing. For instance, not too long ago, the Jasper Infotech Pvt. Ltd-run company was in the news for exploring ...

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How payments firm Oxigen is charting a different route to growth

Payment services provider Oxigen Services India Pvt Ltd plans to strengthen its core offline business and expand its digital offerings, as it looks to grow steadily and without burning a hole in its pockets. The company, majority-owned by South Africa’s Blue Label Telecoms Ltd, also aims to tap in...

15 February, 2017 | More »

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BookMyShow buys 75% stake in Pune-based DIY events platform Townscript

Bigtree Entertainment Pvt Ltd-owned BookMyShow has acquired 75% stake in Pune-based DIY (Do-it-Yourself) event registration and ticketing platform Townscript for an undisclosed amount. Townscript will continue to run and operate as an independent entity, a BookMyShow spokesperson told VCCircle. The ...

14 February, 2017 | More »

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Fin-tech startup Indifi names banking veteran Maninder Juneja as advisor

Gurgaon-based fin-tech startup Indifi Technologies Pvt. Ltd, floated by angel investor and venture capital firm Canaan Partners’ former India chief Alok Mittal, has appointed former  ICICI Bank veteran Maninder Juneja as strategic advisor. Juneja, who is currently managing director at True North ...

14 February, 2017 | More »

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Data analytics startup Connaizen raises funding from former Citigroup exec

Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount from Vikram Sud, former Asia Pacific O&T head at Citigroup and ex-group COO of Kotak Mahindra Group, it said in a statement. The funding comes just three weeks after the startup raised an undis...

13 February, 2017 | More »

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UAE payments company acquires mobile PoS startup MobiSwipe

United Arab Emirates-based payments solutions provider OMA Emirates has acquired Mumbai-based MobiSwipe Technologies Pvt. Ltd for an undisclosed sum as it looks to broaden its overall portfolio in the Middle East, Eastern Europe and APAC regions, the company said in a statement on Monday. MobiSwipe ...

13 February, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms

Will abundant cash supply spoil the m-wallet party?

Without a doubt, digital wallets have been the biggest beneficiary of Prime Minister Narendra Modi’s November move to scrap high-value banknotes. The resultant cash crunch brought thousands of borderline and non-users into the ecosystem, something that would have otherwise taken a few quarters...

9 February, 2017 | More »

PhonePe

Flipkart-owned PhonePe in talks with PayPal to raise funds

Flipkart-owned PhonePe is in talks to raise a significant amount of funding independently at a valuation of about $500 million as strategic investors line up for a slice of India’s booming e-payments market, a national daily reported on Wednesday, citing people aware of the development. A repo...

8 February, 2017 | More »

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Exclusive: Cleartrip-backed hotel solutions provider iManageMyHotel raises funding

Kolkata-headquartered iManageMyHotel Technologies Pvt Ltd, which provides cloud-based property management solutions for mid-sized hotels, has raised an undisclosed amount from Jaarvis Accelerator, a person close to the development told Techcircle. In 2015, Hong Kong-based technology company Jaarvis ...

6 February, 2017 | More »

Jonathan Bullock

SoftBank COO Jonathan Bullock quits Snapdeal, Ola boards

SoftBank Group COO and managing director Jonathan Bullock has resigned from the boards of its two biggest investee companies in India, Snapdeal and Ola, a statement from the Japanese telecom and Internet conglomerate confirmed on Monday. Mint had reported, citing a regulatory filing, that apart from...

6 February, 2017 | More »

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