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

What prompted Paytm to roll back 2% fee on wallet top-up via credit cards?

India’s top digital wallet Paytm on Thursday reversed the 2% levy on top-ups via credit cards it had introduced a day earlier, saying it was doing so keeping users’ convenience in mind and that it would instead put in place new mechanisms to check misuse. “We are conscious that this mo...

10 March, 2017 | More »

Venkatesh Rao & Sunny along, co-founders, AppBrowzer

Exclusive: AppBrowzer secures $500K from Deepak Gurnani, others

Bangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network, Sunny Gurnani, co-founder and chief executive of the startup told VCCircle. A group of angel investors also participated in t...

9 March, 2017 | More »


Why Paytm levied 2% fee on top-up via credit card, and MobiKwik seized the moment

India’s mobile wallet companies have a knack for being in the news. Just a day after Vijay Shekhar Sharma-led market leader Paytm said it will levy 2% fee for adding money to the wallet using credit cards, arch-rival MobiKwik has announced that it will continue to offer “free” uplo...

9 March, 2017 | More »


Accel Partners leads $10 mn Series B round in AgroStar

Pune-based ULink AgriTech Pvt. Ltd, which operates direct-to-farmer mobile-based retail platform AgroStar, has raised $10 million (around Rs 66.6 crore) in its Series B round led by Accel Partners, the company said in a statement. Existing investors IDG Ventures and Aavishkaar Venture Management als...

7 March, 2017 | More »


Anil Ambani’s Reliance Capital sells its stake in Paytm for $41 mn

Anil Ambani-controlled Reliance Capital Ltd has sold its nearly 1% stake in digital wallet company Paytm for Rs 275 crore ($41 million) to China’s Alibaba Group, a report by Press Trust of India stated, citing unnamed sources. Reliance Capital had put in Rs 10 crore for its investment in the w...

7 March, 2017 | More »

Star India makes strategic investment in media tech startup Zapr

Star India makes strategic investment in media tech startup Zapr

21st Century Fox-owned broadcaster Star India Pvt Ltd has picked up a minority stake in Bangalore-based media tech company Zapr Media Labs, a press statement issued by the firm stated. The two companies will be working together to create technology to help brands better understand mobile audiences, ...

7 March, 2017 | More »


CherishX, Touchkin and mShipper selected for Facebook’s FbStart programme

Social media giant Facebook has selected express delivery platform mShipper, healthcare firm Touchkin and dating experiences platform CherishX for its FbStart programme, the companies told VCCircle. The startups will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTest...

6 March, 2017 | More »


Do Uber drivers make more than the average software developer?

On Friday, Uber India head Amit Jain sought to dispel the simmering discontent among its drivers over falling earnings and shrinking incentives, but he may well have stoked the fire instead. In a blog post titled ‘Driving with Uber: Setting the record straight’ that carried five “f...

3 March, 2017 | More »


Sticker search app Emojifi raises angel funding

Emojifi, an app that provides live emoji, sticker and graphics interchange format (GIF) suggestions based on the typed words across chat platforms, has raised angel funding from two Hyderabad-based unnamed angel investors, it said in a statement. The capital will be used for marketing and enhancing ...

3 March, 2017 | More »

VCCircle Awards 2017

Practo is consumer internet company of the year: VCCircle Awards

Online healthcare platform Practo Technologies Pvt. Ltd has bagged the News Corp VCCircle consumer internet company of the year award for a disruptive business model that has gone beyond its consumer play into the enterprise space. The winner was decided by an eminent jury chaired by Arun Duggal, ch...

2 March, 2017 | More »