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Author Archive ‘ Arti Singh ’

Will digital wallets survive the UPI onslaught?

Friday, January 6, 2017 | More »

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In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

Sunil K Goyal

2017 will be all about enterprise software, IoT solutions: YourNest’s Sunil Goyal

Sunil K Goyal, founder and CEO of early-stage venture fund YourNest, is betting big on Internet of Things (IoT) and enterprise solutions with his second $45-million fund. Goyal believes the frenzied $100-million funding rounds that consumer-centric startups saw in 2015 are history, but “enterp...

5 January, 2017 | More »

Lenskart

Lenskart losses widen in FY16, revenue jumps

Lenskart Solutions Pvt. Ltd net loss for the financial year ended March 2016 widened to Rs 113 crore as the eyewear retailer spent more on advertising and promotions, a media report said on Wednesday. The company’s revenue for 2015-16 jumped 63% to Rs 99 crore, Mint reported citing documents filed...

4 January, 2017 | More »

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advantEdge Partners hires Ridhish Talwar as incubator programme head

Early-stage venture capital fund advantEdge Partners has appointed Ridhish Talwar to head its newly-formed incubator programme. Talwar—who earlier co-founded gaming brand ‘The Shark’ and legal services startup ‘EasyLaw’—will be responsible for identifying new startups for...

4 January, 2017 | More »

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Paytm Payments Bank gets RBI’s final approval

Digital payments firm Paytm has finally got regulatory approval to launch its much-awaited payments bank. “Today, the Reserve Bank of India gave permission to formally launch Paytm Payments Bank. We can’t wait to bring it in front of you,” founder Vijay Shekhar Sharma wrote in a blogpost o...

3 January, 2017 | More »

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Hero Group’s Sunil Munjal eyes stake in Paytm at $5.7 bn valuation

Hero Corporate Services chairman Sunil Munjal and Adventz Group chairman Saroj Poddar are reportedly looking to buy a stake in digital wallet and e-commerce firm Paytm. Munjal and Poddar are together negotiating to buy Paytm shares from early investor and former IDFC Securities analyst Nikhil Vora, ...

3 January, 2017 | More »

Inder Sharma

Inder Sharma: This serial entrepreneur builds businesses to sell

When Inder Sharma bought the domain Hotel.com during the Internet boom in 1996, he was very confident that this would become a big business one day. But, rather than running the site, which offered discounted hotel room reservations, he sold it to Expedia for $7 million in 2002. The reason behind se...

2 January, 2017 | More »

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Flashback 2016: Six startups that pivoted this year

Some entrepreneurs get it right the first time and succeed, some just give up. And then there are some who don’t get it right the first time but don’t give up either. What do they do? They pivot. As the euphoria of 2015—when investors were rushing to back startups in India—faded away, 2016 t...

28 December, 2016 | More »

Binny Bansal

Flipkart CEO says Amazon can’t win e-commerce battle with capital

Flipkart and Amazon — the top two e-commerce players in India — are engaged in a fierce battle for supremacy in the country’s fastest growing market. Even after gaining around 80% market share in fashion e-commerce, the market leader Flipkart faces stiff competition from its arch r...

27 December, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Flashback 2016: Paytm gets note ban boost but payments bank hits a bump

If there is one man who is wholeheartedly welcoming Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 banknotes, it’s Vijay Shekhar Sharma. The Paytm founder and CEO has turned out to be one of the biggest beneficiaries of the move as the cash crunch prompted people to increas...

26 December, 2016 | More »

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