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Author Archive ‘ Arti Singh ’

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Bitcoin startups come together to regulate India’s cryptocurrency market

Bitcoin startups Zebpay, Unocoin, Coinsecure and SearchTrade have come together to form Digital Asset and Blockchain Foundation of India (DABFI) for the “orderly and transparent growth of the virtual currency market.” A panel comprising Zebpay founders Saurabh Agrawal and Sandeep Goenka,...

27 February, 2017 | More »

MobiKwik

MobiKwik to invest $45 mn on merchant, user acquisition

Digital wallet MobiKwik, run by One Mobikwik Systems Pvt. Ltd, will invest Rs 300 crore (about $45 million) this year on acquiring merchants and users, as it looks to increase its share in the highly competitive payments market. Nearly Rs 50 crore is being invested to set up 13 offices and hire over...

23 February, 2017 | More »

Govind Rajan

FreeCharge CEO Govind Rajan quits

FreeCharge chief executive officer Govind Rajan has resigned from the company just nine months after he was appointed to lead the Jasper Infotech-owned digital payments subsidiary. “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user-focussed innovati...

22 February, 2017 | More »

IDG, Accion to invest more in CreditMantri

Fin-tech sees sharp funding slowdown, but there’s a silver lining: KPMG

Venture capital (VC) investments in India’s fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous year’s $1.6 billion, according to KPMG International’s quarterly report on global fin-tech investment that was released Wednesday. “This decrease high...

22 February, 2017 | More »

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Bharti Airtel picks up stake in fintech startup Seynse

Telecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to loans...

22 February, 2017 | More »

Saumyajit Guha

Eyeing new revenue channels, fresh India fund in 2017: Jaarvis Accelerator’s Saumyajit Guha

Saumyajit Guha, former chief operating officer at Calcutta Angels who single-handedly closed seven startup investments in just nine months last year, is all geared up for his new challenge at Gurgaon-based Jaarvis Accelerator. Guha, who joined Jaarvis as co-principal last month, will be mainly respo...

22 February, 2017 | More »

Infineon-Technologies3

Chipmaker Infineon to mentor startups incubated at Electropreneur Park

German semiconductor company Infineon Technologies AG has signed initial pacts with the India Electronics and Semiconductor Association (IESA) to offer business and technical consultation and provide mentoring to startups incubated at the Electropreneur Park. The Electropreneur Park aims to bolster ...

21 February, 2017 | More »

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Paytm bets $89 mn on QR code payment system

Digital wallet firm Paytm, operated by One97 Communications Ltd, plans to invest Rs 600 crore ($89 million) to develop a QR code-based payments solution, several media reports stated. The company, which plans to train 10 million merchants to accept digital payments across 650 districts by the end of...

20 February, 2017 | More »

Sell_think_fe

Reliance Capital looking to sell its 1% stake in Paytm for $50-60 mn

Anil Ambani-controlled Reliance Capital Ltd is reportedly in talks to sell its 1% stake in digital payments firm Paytm as it looks to trim its proprietary investment portfolio and monetise non-core assets. Press Trust of India reported, citing some people in the know of things, that the company was ...

18 February, 2017 | More »

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Why a potential Snapdeal-Paytm merger makes perfect sense

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 ...

18 February, 2017 | More »