Better to associate with Paytm than compete with it: Near.in’s Lomesh Dutta

The tech-enabled hyperlocal services category has been seeing a lot of consolidation. Early last week, mobile wallet and e-commerce venture Paytm acquired local services marketplace Near.in, run by Gurgaon-based Thumbspot Inc for an undisclosed amount. In November, Mumbai-based Crenovative Ideas Pvt...

Disha Sharma

Paytm buys home services marketplace Near.in

Mobile wallet and e-commerce venture Paytm has acquired Near.in, a marketplace app that connects users with local businesses for home services. The Economic Times, which first reported the development, said the deal is valued between $1.5 million and $2 million. A formal press release on the announc...

Priyanka Sahay

Online services marketplace Near.in raises under $300K seed funding

Gurgaon-based Thumbspot Inc., the firm behind the online services marketplace Near.in, has received Rs 1.8 crore (under $300,000) in seed funding, co-led by Anupam Mittal, CEO of People Group, and Manish Vij of Smile Vun Group. Other investors who participated in the round include Prashant Tandon a...