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Posts Tagged ‘ Mobikwik ’

Zappfresh hires ex-MobiKwik executive Ankur Shrivastava as CTO

Thursday, October 20, 2016 | More »

Gurgaon-based DSM Fresh Foods Pvt. Ltd, which runs online startup Zappfresh that sells raw meat and associated ready-to-eat produce, has appointed ex-Mobikwik executive Ankur Shrivastava as its chief technology officer (CTO). At Zappfresh, Shrivastava will be responsible for inventing technology and...


Why Freecharge badly needs a recharge

The news report last week that Japanese telecom and internet conglomerate Softbank Group Corp is in talks to invest in FreeCharge was the third in as many months speaking of fund-raise efforts by ecommerce company Snapdeal for its digital payments arm. Around a month ago, two people in the know of d...

13 October, 2016 | More »


How ‘profitable’ RechargeitNow lost to ‘non-profitable’ funded startups

Sharat Jain is not sure today if his vision of keeping his company profitable, even if that came at the cost of having a small customer base, was right. Online Recharge Services Ltd, the firm which he launched in 2010 with two partners, is the only profitable venture in the online recharge industry ...

10 October, 2016 | More »


MobiKwik ties up with Truecaller to grow user base

In an effort to increase its customer base, Gurgaon-based One MobiKwik Systems Pvt. Ltd has tied up with Truecaller to allow users of the caller identification services provider to register with the online wallet company instantaneously. “The partnership is already contributing to over 30% daily a...

21 September, 2016 | More »


Online payments firm PayU to buy rival Citrus Pay for $130 mn

Online payments company PayU, owned by South African Internet conglomerate Naspers, has agreed to buy Mumbai-based rival Citrus Pay for $130 million (Rs 865 crore) in one of the largest takeover deals in India’s nascent but rapidly growing fintech sector. The deal will increase PayU’s India cust...

14 September, 2016 | More »


Why some investors are betting on competing businesses

Two weeks ago, Taiwanese chip designer MediaTek invested $60 million in One97 Communications, which runs Paytm, a mobile wallet platform and an online shopping site. In itself, the transaction is not unusual – Paytm is raising funds for growth and MediaTek is known for backing innovative firms. Wh...

12 September, 2016 | More »


Exclusive: China’s Tencent close to investing more than $150 mn in FreeCharge

Snapdeal, India’s third-largest e-commerce venture is in talks with Chinese Internet giant Tencent to raise more than $150 million for its digital payments platform FreeCharge, a person close to the development told VCCircle. “Tencent and FreeCharge have had intense discussions over the past two...

31 August, 2016 | More »

Mrinal Sinha

We are neck and neck with Paytm: MobiKwik’s Mrinal Sinha

Digital wallet firm MobiKwik is betting big on the offline space and expects the biggest chunk of its business coming from this segment in the next 18-24 months. The Gurgaon-based company aims to increase the number of users almost five-fold within two years and says it is set to cross $2 billion in...

29 August, 2016 | More »


Mumbai, NCR startups corner bulk of seed funding; MobiKwik gets VC money

Mobile payments startup MobiKwik led the fundraising activity this week. In a statement on August 26, the digital wallet company said it had raised $40 million in Series C round from South Africa-based mobile payment solution provider Net1. This was the largest deal announced in the week. Of the19 s...

27 August, 2016 | More »


South African payment firm Net1 to invest $40 mn in MobiKwik

NASDAQ-listed South African payment solutions and transaction processing company Net 1 UEPS Technologies Inc. has signed a subscription agreement with India’s digital wallet firm MobiKwik. As part of the partnership, Net1 will invest $40 million in MobiKwik, and will integrate its Virtual Card...

26 August, 2016 | More »

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