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Posts Tagged ‘ PayPal ’

Flipkart may raise $1.5 bn from Tencent and eBay

Thursday, March 16, 2017 | More »

Homegrown e-commerce major Flipkart is in talks to raise $1.5 billion (Rs 10,000 crore) from Chinese Internet giant Tencent and US-based online selling platform eBay, a report in a financial daily stated citing three people aware of the development. The transaction may see Flipkart merge or acquire ...


Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy. The firm is in discussions with global tech giant Microsoft C...

22 February, 2017 | More »


eBay fires product, tech team in India

US-based online selling platform eBay Inc has laid off the entire product and technology team from its India development centre in Bengaluru, citing a review in operational structure. A spokesperson for the company confirmed the development. “As a normal course of business, eBay regularly reviews ...

9 November, 2016 | More »


ClearTax raises $2 mn in pre-Series A funding from FF Angel, Sequoia

Income tax returns e-filing platform ClearTax, run by Defmacro Software Pvt. Ltd, has raised $2 million (around Rs 13.3 crore) in pre-Series A funding from PayPal co-founder Peter Thiel’s Founders Fund Angel (FF Angel) and Sequoia Capital. FF Angel and Sequoia have invested $1 million each in the ...

26 May, 2016 | More »


ClearTax raises angel funding from PayPal’s Max Levchin, Silicon Valley investors

Defmacro Software Pvt Ltd, which runs income tax returns e-filing platform ClearTax, has secured $1.3 million (around Rs 8.6 crore) in angel funding from Silicon Valley investors, including PayPal co-founder Max Levchin. Other investors include Scott and Cyan Banister, serial investors in Uber, Spac...

26 April, 2016 | More »


eBay explores sale or IPO for enterprise unit; payments & enterprise business now bigger than e-com marketplace

E-commerce giant eBay.Inc. plans to sell or float an initial public offering (IPO) for its enterprise unit, eBay Enterprise and lay off 2,400 employees globally in the next three months, the company said on Wednesday. “It has become clear that it (enterprise) has limited synergies with either ...

22 January, 2015 | More »


eBay bows to investors call, to spin off PayPal as separate listed company

E-commerce giant eBay Inc. bowed down to investors pressure to split into two by spinning out its payments unit PayPal. The company said that its board has approved a plan to spin off PayPal and post separation, the two will operate as independent publicly-traded entities under two new CEOs. While e...

1 October, 2014 | More »

Vikram Narayan

PayPal appoints Vikram Narayan as country manager for India

Online payments major PayPal has appointed Vikram Narayan as its country manager and managing director for India. According to his LinkedIn profile, the appointment happened in April this year. In his new role, Narayan will focus on educating Indian merchants, developing partnerships, and working wi...

4 August, 2014 | More »


Rakesh ‘Rocky’ Agrawal fired after his Twitter outburst against senior execs at PayPal

Rakesh ‘Rocky’ Agrawal, who was appointed as director (strategy) by PayPal early last month, has been asked to leave the company after he published a series of tweets against a few of its senior executives. Some of Agrawal’s Twitter ‘victims’ at PayPal include the company’s global head o...

5 May, 2014 | More »


PayPal appoints Rakesh ‘Rocky’ Agrawal as director of strategy

Online payments major PayPal has roped in Rakesh ‘Rocky’ Agrawal as director of strategy. In his new role, Agrawal will be responsible for working with entrepreneurs and small businesses, and help them understand the e-commerce and payments market. A graduate of Northwestern University, with a b...

12 March, 2014 | More »

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