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Author Archive ‘ Arti Singh ’

Carcrew

Exclusive: Car service startup Carcrew raises angel funding led by TVS Group

Mumbai-based car service startup Carcrew.in has raised $500,000 (around Rs 3.4 crore) in an angel round led by TVS Group, a top executive told VCCircle. Other investors who participated in the round are Punit Goyal, Rajesh Agarwal, Ketan Kothari. Goyal is an Harvard alumnus and CEO of PLG Clean Ener...

30 November, 2016 | More »

MobiKwik

MobiKwik launches ‘Lite’ app for users with slow net connectivity

Digital wallet firm MobiKwik on Monday launched a data-light version of its mobile application, targeting smartphone users and small business owners who face challenges of slow Internet connectivity that hampers access to digital payments. The MobiKwik Lite app’s size is as small as 1 MB and it ca...

28 November, 2016 | More »

Vijay Shekhar Sharma

Why Paytm halted mobile PoS rollout just a day after launch

Just a day after the blockbuster launch of its mobile point-of-sale (PoS), mobile wallet firm Paytm has halted the rollout of its App PoS. The launch – which would have taken Paytm’s total merchants count from 15 lakh to 1.5 crore in just a week (as per the company’s claims) – has be...

25 November, 2016 | More »

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How Tiger Global-backed fashion venture Roposo is diversifying its revenue streams

Tiger Global-backed fashion startup Roposo has decided to expand its businesses such as influencer marketing and brand campaigns besides launching a chat feature for better user engagement. The company is also testing the cost-per-click model wherein it plans to charge partner vendors on clicks on t...

25 November, 2016 | More »

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Online pharmacy Netmeds buys Delhi rival Pluss

Online pharmacy Netmeds.com has acquired Delhi-based hyperlocal drugs delivery app Pluss in a deal that will help it expand its operations in northern India and better compete with Sequoia Capital-backed rival 1mg. Netmeds, run by Chennai-based Netmeds Marketplace Ltd, didn’t disclose financial de...

24 November, 2016 | More »

Vijay Shekhar Sharma, Founder, Paytm

Paytm founder on mobile PoS app, payments bank launch, marketing spend and more

Mobile wallet firm Paytm, which claims to have over 158 million customers in India, has launched what it called India’s first mobile point-of-sale application, App PoS. It will act as a virtual PoS that will enable small merchants to accept all card payments including Rupay, Visa, MasterCard and M...

23 November, 2016 | More »

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Enterprise sales assistant startup Vymo raises $5 mn from Sequoia

US- and Bengaluru-based enterprise sales assistant Vymo Solutions Pvt. Ltd has raised $5 million (nearly Rs 34 crore) in Series A funding from Sequoia Capital India. Vymo said it would use this funding to deepen its R&D (research and development) and strengthen its presence in international mark...

22 November, 2016 | More »

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Infosys invests in Denmark-based AI startup UNSILO

Infosys has invested about $2 million in UNSILO, a Danish artificial intelligence startup focused on advanced text analysis. India’s second largest software services firm said it has made the investment from its Innovation Fund. UNSILO is Infosys Innovation Fund’s first investment in Eur...

18 November, 2016 | More »

For-Realx_fe

Grex co-founder floats fractional property ownership startup Realx

Startup crowdfunding platform Grex’s co-founder Manish Kumar has launched his new venture, Realx.in. The Pune-based startup lets individuals buy fractional ownership in real estate, said a company statement. The concept of fraction ownership of high value assets is a known territory to many in...

18 November, 2016 | More »

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »