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Posts Tagged ‘ Vijay Shekhar Sharma ’

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

Friday, March 10, 2017 | More »

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

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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 »

Alibaba

Alibaba to invest $177 mn in Paytm E-Commerce, hike stake to 62%

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications Ltd, is raising $200 million (Rs 1,334 crore) in a funding round led by Alibaba Singapore E-Commerce Pvt. Ltd, a wholly-owned subsidiary of Chinese internet giant Alibaba Group Holding Ltd, a financial daily reported on Th...

2 March, 2017 | More »

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Paytm bets $89 mn on QR code payment system

Digital wallet firm Paytm, operated by One97 Communications Ltd, plans to invest Rs 600 crore ($89 million) to develop a QR code-based payments solution, several media reports stated. The company, which plans to train 10 million merchants to accept digital payments across 650 districts by the end of...

20 February, 2017 | More »

Sell_think_fe

Reliance Capital looking to sell its 1% stake in Paytm for $50-60 mn

Anil Ambani-controlled Reliance Capital Ltd is reportedly in talks to sell its 1% stake in digital payments firm Paytm as it looks to trim its proprietary investment portfolio and monetise non-core assets. Press Trust of India reported, citing some people in the know of things, that the company was ...

18 February, 2017 | More »

News website The Ken raises $400K from angels

News website The Ken raises $400K from angels

Subscription-based news startup, The Ken, has raised $400,000 (Rs 2.68 crore) from a clutch of investors, the company said in an email statement. The participants in this round of funding include Aprameya Radhakrishna, co-founder, TaxiForSure; Deepak Natraj, managing director, Aarin Capital; Girish ...

17 February, 2017 | More »

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Paytm’s Sharma, Mahesh Murthy on cloud 9 as Musk hints at summer launch for Tesla

It was just a 23-character tweet. But it came from Elon Musk, the maverick founder of electric vehicles giant Tesla Motors. And it was enough to leave the poster boys of India’s startup community euphoric. In response to a question from an apparent Tesla fan, who asked, “eagerly waiting for ...

8 February, 2017 | More »

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

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

Paytm E-Commerce Pvt. Ltd, the online marketplace arm of One97 Communications, is set to raise $200-252 million (Rs 1,350-1,700 crore) in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, a major financial daily reported on Friday. The funding round, which marks Alibaba...

3 February, 2017 | More »

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ICICI Bank blocks transactions through Flipkart’s PhonePe as turf war looms

In what is a sign of rising competition between large banks and digital wallets over grabbing the retail payment pie, India’s largest private bank, ICICI Bank, has blocked payments by its customers on Flipkart-owned digital wallet PhonePe, citing “security-related” concerns. In an emailed resp...

16 January, 2017 | More »

N Chandrasekaran

Chandrasekarans in startup world: It’s resolve, not the IIT-IIM tag, that matters

The elevation of Tata lifer N Chandrasekaran as chairman of India’s most revered corporate group—the $103-billion salt-to-software conglomerate Tata Sons—begs the much-debated question: Does one’s college pedigree matter? Corner offices at top business houses, both in India and abroa...

13 January, 2017 | More »

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