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Mobile

In U-turn, NPCI tells Flipkart’s PhonePe to adhere to UPI norms

Saturday, January 21, 2017 | More »

In U-turn, NPCI tells PhonePe to adhere to UPI norms
Making a U-turn in the tussle between private-sector lender ICICI Bank and Flipkart’s digital wallet PhonePe, National Payments Corporation of India (NPCI) on Friday said PhonePe doesn’t adhere to interoperability norms of the Unified Payments Interface (UPI). NPCI, the umbrella organisation...

Amit Singhal, senior vice president of engineering, Uber

Uber’s search for engineering chief yields former Google veteran Amit Singhal

San Francisco-based ride-hailing company Uber Technologies Inc. has hired former Google search chief Amit Singhal as senior vice president of engineering. Singhal, who hails from Uttar Pradesh in India, wrote in his personal blog post on Friday, “I’m excited to announce that I’m joining Uber a...

21 January, 2017 | More »

Rapido

Bike taxi operator Rapido rebrands rider app to ramp up network

Bike taxi operator Rapido has rebranded its rider app to Rapido Captain as it looks to get more riders on its network and strengthen its positioning as a pooling platform. The app was earlier called Rapido Partner. Using Rapido Captain, riders can join the startup’s bike-pooling network. The c...

21 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 »

Styledotme

Exclusive: Fashion app Styledotme shortlisted for FbStart; receives new funding commitment from IAN

Delhi-based Styledotme Fashion and Lifestyle Pvt Ltd, which operates mobile fashion app Styledotme, has been selected by Facebook Inc. for its FbStart programme. The startup has also received commitment from existing investor Indian Angel Network (IAN) for a new round of funding. It will be looking ...

20 January, 2017 | More »

Kavin Bharti Mittal, founder, Hike

Kavin Mittal gets 24-fold hike in FY16

Kavin Bharti Mittal, CEO at Hike Ltd, received an almost 24-fold increase in compensation for 2015-16, as the messaging app expanded its operations and attracted marquee investors. Mittal received total remuneration of Rs 18.28 crore for the year through March 2016, according to the company’s annu...

20 January, 2017 | More »

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Myntra’s Vector E-commerce back in red as FY16 revenue rises 40%

Vector E-commerce Pvt Ltd, the biggest seller on online fashion marketplace Myntra, posted a loss of Rs 8.72 crore in FY16 after turning a profit in the last two financial years, filings with the Registrar of Companies (RoC) show. Profit after tax stood at around Rs 6.5 lakh in FY15. Revenue, howeve...

19 January, 2017 | More »

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Alibaba’s UCWeb to invest $29 mn in India, Indonesia to grow news platform

Mobile Internet firm UCWeb, owned by Alibaba Mobile Business Group, plans to invest $29.3 million (Rs 200 crore) in the Indian and Indonesian market over the next two years. The investment will be used to tap user-generated content in India via its news distribution and content platform UC News, the...

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 »

Athletto

Sports tech startup Athletto shortlisted for Facebook’s FbStart programme

Bengaluru-based O Tree Solutions Pvt Ltd, which operates sports tech startup Athletto has been selected by Facebook Inc. for its FbStart programme. The startup will receive credits up to $40,000 and free tools and services from Facebook and its more than 30 partners including Amazon, UserTesting, Dr...

19 January, 2017 | More »

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