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Will digital wallets survive the UPI onslaught?

Friday, January 6, 2017 | More »

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In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet f...

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Flashback 2016: The top angel investors in India

Dheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, and former Snapdeal product head Anand Chandrasekaran were among India’s top angel investors this year by number of deals they disclosed. Both investors have backed more companies this year than last. Jain closed 23 ...

27 December, 2016 | More »

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Flashback 2016: Snapdeal struggles with FreeCharge poser, markdown by SoftBank

Snapdeal, India’s third-largest e-commerce marketplace, had to fend off stiffer competition from larger rivals Flipkart and Amazon and endure volatility on several other fronts in a year when it had few reasons to rejoice. The year, however, had started well for Snapdeal, as it received $200 milli...

27 December, 2016 | More »

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PayPal in talks to buy into FreeCharge: Report

Global online payments company PayPal Holdings, Inc. is in the final stages of a deal to invest in online wallet company FreeCharge, a media report said. PayPal could pick up a 25% stake in Snapdeal-owned FreeCharge for around $200 million, the Mint newspaper reported, citing two people aware of the...

23 December, 2016 | More »

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Snapdeal offers to deliver cash at home

Snapdeal, India’s second-largest homegrown online retailer, on Thursday announced the launch of “Cash@Home” service which will allow users to order cash and have it delivered at their doorstep. The company will use the cash that it receives through Cash on Delivery (CoD) to operate this facili...

22 December, 2016 | More »

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PressPlay co-founder Anand Sinha joins FreeCharge

Snapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in...

19 December, 2016 | More »

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From concierge services to mobile wallets, IRCTC is making train travel hassle-free

Indian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the government-controlled Indian Railways, has introduced several initiatives in November and December to improve the commuting experience for millions of travellers. IRCTC, which started with 29 bookings a day in 2002, is curr...

8 December, 2016 | More »

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Oxigen partners with eBay for assisted retail

Payment solution provider Oxigen Services has got into a partnership with online marketplace eBay India, according to a press statement. This association will help Oxigen Services customers access over 100 million product listings on www.ebay.in. Under this association, Oxigen brings a unique O2O so...

22 November, 2016 | More »

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Flipkart, Snapdeal, Shopclues say demonetisation good for e-commerce industry

Honchos of leading consumer internet companies in India have jointly hailed the demonetization move of the Central government. In an industry forum organised in New Delhi on Wednesday, top executives from companies such as Flipkart, Snapdeal, Shopclues, CCAvenues, 1mg Technolgoies, Ola and Oyo Rooms...

17 November, 2016 | More »

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Digital wallet firms see unprecedented growth after ban on high value notes

Prime Minister Narendra Modi’s unexpected call to abolish Rs 500 and Rs 1,000 banknotes has been welcomed with open arms by digital payment companies as they experience unparalleled growth on their platforms after the announcement. The move, it seems, validates their efforts to move the Indian con...

9 November, 2016 | More »

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