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FreeCharge CEO Govind Rajan quits

Wednesday, February 22, 2017 | More »

Govind Rajan
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...

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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Exclusive: Dating app Vee pivots again – this time to woo SMEs

Lightspeed Venture Partners-backed GetVee Technologies Pvt. Ltd, which operated dating app Vee, has pivoted its model for the second time to become an e-commerce enabler for small and medium enterprises (SMEs), its founder Nitin Gupta told Techcircle. “We thought of it as an interesting opportunit...

22 February, 2017 | More »

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Now, government to take on VC-backed wallet startups with ‘cashback’ for BHIM app

The government will soon announce a cashback scheme for users of the Bharat Interface for Money (BHIM) app in a bid to boost digital transactions, NITI Aayog CEO Amitabh Kant has said. Since its launch in end-December,  BHIM app has been downloaded by 17 million users, creating a world record, Kant...

21 February, 2017 | More »

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BharatQR code: Another milestone on the less-cash road?

Following its demonetisation move on November 8 last year, the government has taken a series of steps towards a less-cash, digital economy, notable among them being the Unified Payments Interface (UPI) and the BHIM app. With the launch of BharatQR code, the world’s first interoperable payment acce...

21 February, 2017 | More »

True Balance

True Balance raises $15 mn from SoftBank Ventures Korea, others

Gurgaon-based startup True Balance, an app that allows users to check their mobile phone balance, has raised Rs 100 crore ($15 million) in a Series B round led by existing investor SoftBank Ventures Korea, part of Japanese Internet conglomerate SoftBank Group Corp, and IMM Investment Group. Other So...

20 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 »

Uber

Uber users can now pay for rides using Jio Money

The Indian unit of US ride-hailing company Uber Technologies Inc. has tied up with Reliance Jio Infocomm Ltd to allow passengers to pay via the digital wallet of the billionaire Mukesh Ambani-led firm. The tie-up will also enable users of Jio Money to request and pay for Uber rides from within the m...

20 February, 2017 | More »

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Photo-sharing app Vebbler selected for FbStart

Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme, the startup said in a statement. Vebbler will now get $40,000 in credits, free tools and services from Facebook and its more than 30 partners includin...

20 February, 2017 | More »

Samir-Kuckreja

Former Nirula’s CEO to lead Zomato’s cloud-based PoS business

Restaurant listings and discovery company Zomato Media Pvt. Ltd has appointed Samir Kuckreja, former chief executive of QSR chain Nirula’s Corner House, as president of its cloud-based point-of-sale (PoS) system, Zomato Base. Prior to joining Zomato full-time in February, Kuckreja served as a cons...

20 February, 2017 | More »

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