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Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce set to raise $252 mn in round led by Alibaba

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications, is set to raise $200-252 million (Rs 1,350-1,700 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, a major financial daily reported on Friday. The funding round, which marks Alibaba...

3 February, 2017 | More »

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Budget 2017: BHIM at centre stage, not digital payment startups

Union budget 2017 has clearly put the spotlight on digitisation, but that hasn’t really got players in the digital payment space excited as they feel the government’s emphasis is on promoting its own BHIM app rather than strengthening the entire ecosystem. In his budget speech, finance m...

1 February, 2017 | More »

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Budget 2017: Govt goes the whole hog on digitisation

Ever since the Modi government came to power in 2014, union budgets have had a sharp focus on digitisation and infusion of technology in everyday life. With budget 2017, comes as it on the back of a decisive cashless push, the government has indeed gone the whole nine yards—it appears “digit...

1 February, 2017 | More »

Dating app Woo forays into the US with Dus acquisition

Dating app Woo forays into the US with Dus acquisition

DoubleYou Technologies Pvt Ltd, the Gurgaon-based company behind dating app Woo, has acquired Los Angeles-based Dus, for an undisclosed sum, the company said in a statement. Woo said it will acquire the Dus platform and brand to increase its foothold in the US, one of the largest markets for online ...

1 February, 2017 | More »

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Competition Commission of India clears MakeMyTrip-ibibo merger

The proposed merger of online travel agencies MakeMyTrip Ltd and ibibo Group has inched closer to completion with the Competition Commission of India approving the transaction. MakeMyTrip received a letter from the anti-trust watchdog clearing the merger on Friday, the NASDAQ-listed company said in ...

20 January, 2017 | More »

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ICICI Bank rejects NPCI call to unblock PhonePe

The tussle between ICICI Bank and online retailer Flipkart’s digital wallet, PhonePe, isn’t likely to end soon with the private-sector lender again refusing to allow transactions through the payment app. The latest refusal comes after National Payments Corporation of India (NPCI), an umbrell...

20 January, 2017 | More »

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Data analytics startup Connaizen gets pre-seed funding, may raise more next month

Singapore-headquartered and Delhi-based data analytics firm Connaizen has raised an undisclosed amount in pre-seed funding from Umang Moondra, former managing director of Citigroup, Singapore. Connaizen, which was launched in April 2015, provides targeted marketing solutions to merchants through its...

20 January, 2017 | More »

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Exclusive: Wedding venue marketplace Weddingz.in raises $1 mn

Mumbai-based online marketplace for wedding venues and vendors, Weddingz.in, has raised nearly $1 million (Rs 6.8 crore) from Singularity Ventures, a person close to the development told Techcircle. Existing investor Sixth Sense Ventures also participated in the round. Weddingz.in founder and CEO Sa...

19 January, 2017 | More »

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MobiKwik hires Line India’s former head Daman Soni to drive user growth

Digital wallet firm MobiKwik has appointed former India head of instant messaging app Line, Daman Soni, as vice president for growth. In his new role, Soni will be responsible for achieving the company’s user growth targets. Besides, he will also support the marketing function, MobiKwik said i...

19 January, 2017 | More »

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Uber India to focus on ride-sharing, localisation in 2017

Ride-sharing and localisation (tweaking the product according to local priorities) will be the top trends shaping India’s cab-aggregation space this year, Uber India’s strategy head Prabhjeet Singh told TechCircle. “Ride-sharing is the future of urban mobility…It enables more...

18 January, 2017 | More »