Tag "Paytm"

Paytm invests in mobile loyalty firm MobiQuest

By : CIOL Writers

Paytm has decided to invest an undisclosed amount in Noida-based MobiQuest Mobile Technologies Pvt Ltd. MobiQuest, founded in 2008 by former FCS Software Solutions and Times Group’s BrandQuiver executives Vineet Narang and Sabina Kamal, works in targeted marketing using data

Paytm Mall delists 85K sellers for failing to meet quality standards

By : CIOL Writers

Paytm’s e-commerce arm, Paytm Mall has delisted over 85,000 sellers from its platform in a cleaning operation of sorts for failing to meet quality standards. The company that is gearing up to take stalwarts like Flipkart and Amazon in the Indian

Paytm acquires majority stake in online ticketing platform Insider.in

By : CIOL Writers

Digital payments startup Paytm has acquired a majority stake in Mumbai-based Insider.in, a ticketing platform of events company OML Entertainment, for an undisclosed sum. The acquisition will allow Paytm to integrate events listed on Insider.in on its app, giving a major boost to

Paytm Mall in talks to invest $200mn in BigBasket: Report

By : CIOL Writers

Alibaba-backed online marketplace Paytm Mall is in talks to invest $200 million in online grocery retailer BigBasket, reports Economic Times citing two persons in the know of things. Notably, BigBasket had also been in talks with e-commerce giant Amazon for a potential buyout

Paytm Mall launches industry-focused learning programme for college students

By : CIOL Writers

Paytm Mall, owned by Paytm Ecommerce Pvt. Ltd has launched a nation-wide programme- Campus Icon to offer industry-focused learning to college students. The six-week programme is not just aimed at skill enhancement but will also see Paytm Mall leadership mentoring students on

Amit Sinha, the VP of One97 Communications to be the COO of Paytm Mall

By : CIOL Writers

Paytm has appointed Amit Sinha as the COO of Paytm Mall, the e-commerce wing of Paytm. Amit Sinha, who is currently the vice-president looking after business and human resources at One97 Communications, will be responsible for overall operations, hiring, category management, and

Paytm payments bank launched, to offer zero-balance accounts

By : CIOL Writers

Paytm Payments Bank is now Live aiming to acquire 500 million customers in the next three years. The first physical branch of Paytm Payments Bank in Noida is part of the select first-phase roll out, offering accounts on an invite-only basis to

SoftBank closes first round of Vision Fund at $93 billion

By : CIOL Writers

SoftBank’s $100 billion investment fund has announced its first close at massive $93 billion from a slew of investors including  Apple, Qualcomm, UAE-based Mubadala Investment Company, Saudi Arabia’s PID public fund, Foxconn, and Foxconn-owned Sharp. The investment vehicle christened Vision fund will be headed by Rajeev

SoftBank invests whopping $1.4bn in Paytm, now worth over $8bn

By : CIOL Writers

Falling in line with the recent rumours, Japanese leading Internet and telecom major SoftBank has invested whopping $1.4 billion in Paytm’s parent company, One97 Communications Limited. This is apparently the largest funding round scored by a digital startup from a single investor in

Nikhil Vora sells his stake in One97 Communications to Alibaba for Rs 150cr

By : CIOL Writers

Nikhil Vora, an early investor in One97 Communications has sold his entire stake in Paytm’s parent company to Alibaba and earned around Rs 150 crore on his six-year-old investment, reports ET. Former IDFC Securities star equity analyst sold his 0.35

Paytm reportedly to buy FreeCharge at 80pc discount

By : CIOL Writers

Snapdeal may have finally found a buyer for its payments solution arm, FreeCharge. Paytm has signed a ‘non-exclusive agreement’ to acquire FreeCharge in an all-cash deal, reports Economic Times. Citing people in the know of the things, the report said that Alibaba-backed

Alibaba and SAIF executives join Paytm E-commerce board

By : CIOL Writers

Paytm E-commerce, the online marketplace division of payments platform, Paytm has inducted SAIF Partner’s Ravi Adusumalli and four top executives from Alibaba as its board of directors, reports ET. According to filings made with Ministry of Corporate Affairs (MCA), the new members

Paytm to invest Rs 10,000cr to ramp up its banking, financial services

By : CIOL Writers

Paytm will be investing Rs 10,000 crore over the next three years to ramp up its banking and financial services business. “We will invest at least Rs 10,000 crore in our banking and financial services in the next three years. We

Redseer survey: Flipkart and Amazon are going neck-to-neck

By : CIOL Writers

Though Flipkart pocketed in a whopping investment from Tencent, eBay and Microsoft and is also displaying improved performance over the past six months, it is yet to defeat arch-rival Amazon India. According to a survey published by research firm RedSeer Management Consulting

SoftBank reportedly to invest $1.5 bn in Paytm

By : CIOL Writers

Japanese Internet major and investor SoftBank is reportedly in talks to invest $1.2-1.5 billion in Vijay Shekhar Sharma’s Paytm, reports Livemint. If the discussions materialise, the deal could value the One97 Communications Ltd-owned company at $7-9 billion, the report says, citing three people

Paytm rolls out food wallet to take on Sodexo & Ticket Restaurant

By : CIOL Writers

Paytm has launched Food Wallet feature on its app, which allows companies to offer tax-free food allowance to its employees. The wallet meant precisely for corporates will compete directly with existing players like Sodexo and Ticket Restaurant which issue physical coupons

Amazon India gets digital wallet licence; to take on Paytm and Flipkart’s PhonePe

By : CIOL Writers

Online marketplace Amazon India has been granted licence from the Reserve Bank of India (RBI) to operate a prepaid payment instrument (PPI), becoming the latest entrant into the country’s growing FinTech segment. “We are pleased to receive our PPI license from

Paytm launches online-to-offline channel to lure customers to Paytm Mall

By : CIOL Writers

For a more streamlined and convenient shopping experience on Paytm Mall, Paytm has launched an online-to-offline channel to get consumers who may not be making purchases on various online platforms. The digital wallet company has also introduced QR-code-based system on its recently-launched app and

SoftBank to sell Freecharge at 50pc discount for $200mn: Report

By : CIOL Writers

SoftBank-backed digital wallet Freecharge could soon be sold for as low as $150-200 million, reports Economic Times. This value is merely 50 percent of what FreeCharge is worth. Reportedly, Alibaba-owned Paytm is one of the frontrunners to buy the mobile wallet platform owned

Flipkart reportedly to acquire eBay India

By : CIOL Writers

India’s startup poster boy Flipkart is planning to acquire eBay India’s operations as part of its latest funding round of $2billion, according to a Factordaily report. Earlier this week, Bloomberg reported that Flipkart had raised $1 billion and further aimed to