Tag "Paytm"

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

Snapdeal reportedly in talks with Flipkart, Paytm for potential sale

By : CIOL Writers

Online marketplace Snapdeal is reportedly in talks with rivals Flipkart and Paytm E-Commerce Pvt Ltd for a potential sale, according to a Livemint report. Japan’s Softbank Group, an investor in Snapdeal, is leading the sale talks, and the deal could

Flipkart reportedly raises $1bn from Microsoft, eBay and Tencent Holdings

By : CIOL Writers

After a short lull, Indian e-commerce giant, Flipkart once again looks all geared up with a beefed up war chest to take on its rivals. Amidst ever increasing competition and several fundraising speculations, the startup has reportedly raised $1 billion

Reliance Capital reportedly sells 1pc stake in Paytm to Alibaba for Rs 275 cr

By : CIOL Writers

Reliance Capital has reportedly sold its 1 percent stake in Paytm to Chinese e-commerce giant Alibaba and its payment arm Ant Financial Rs 275 crore. The company had been on a lookout for a potential buyer for over a month now. Reliance Capital holds

Paytm’s online marketplace grabs $200mn from Alibaba and SAIF Partners

By : CIOL Writers

Chinese e-commerce giant Alibaba is leading a $200 million investment in Paytm E-commerce Private Limited along with another existing backer SAIF Partners. While Alibaba Singapore E-Commerce Pvt. Ltd will invest $177 million in Paytm’s online marketplace unit, rest will come from SAIF Partners, an early investor

Paytm unveils standalone marketplace app, Paytm Mall

Paytm E-commerce has announced the launch of its new Paytm Mall app on Android. The iOS app is also on the cards. Paytm Mall will offer a unique combination of the Mall and Bazaar concepts to Indian consumers listing over

MobiKwik to invest Rs 300cr to increase user base

By : CIOL Writers

Mobile wallet company MobiKwik is aiming for 150 million users by the year end from its current user base of 50 million. And to achieve this mark, the company has announced an investment of Rs 300 crores. The increase in

Paytm to invest 600cr to expand its QR code-based payment network

NEW DELHI, INDIA: Paytm said that it will invest over Rs 600cr to enable merchants across India for acceptance of digital payments using its QR code based payment solution. The company is investing in scaling up manpower, technology, and merchant

Paytm’s payments bank gets $32.5mn in fresh funding

By : CIOL Writers

Digital payments platform, Paytm that is all set to launch its payments bank service in Uttar Pradesh, this month has got another Rs 218 crore (or $32.5 million) cash infusion from Paytm CEO Vijay Shekhar Sharma, investing a sum of

Alibaba to lead $200mn investment in Paytm’s e-commerce business

By : CIOL Writers

Paytm E-Commerce Pvt. Ltd is close to raising 200 million in an investment round led by Chinese internet giant Alibaba Group Holding Ltd, according to an Economic Times report. Citing two people in the know of the deal that will

Tech and e-comm startups hail Budget 2017

By : CIOL Writers

Sensex closed at a high of 486 points after ‘Union Budget 2017’ which means it has got a nod from the investors as well. The budget 2017 has set the goals straight as India takes head-on the challenging global economic

Paytm is now a case study at Harvard Business School

By : CIOL Writers

Digital wallet platform Paytm has indeed come a long way since its beginnings as a recharge platform to a payments bank. And interestingly, the startup’s journey would now be part of a documented case study at the India Research Center,

Paytm introduces new features to make the app lighter and faster

By : CIOL Writers

Making most of the demonetization windfall, the mobile wallet startup Paytm currently garners 160 million users. However, amid this sudden growth, Paytm faced a moment of truth when rumors started floating on social media, that the m-wallets will stop working

Jasper Infotech invests Rs 390cr in FreeCharge

By : CIOL Writers

Jasper Infotech that also owns and operates online marketplace Snapdeal has invested around Rs 390 crore ($57 million) into FreeCharge, according to a report in The Economic Times quoting a filing submitted to the Registrar of Companies (RoC) in the

Paytm likely to launch the second payments bank in India, after Airtel

By : CIOL Writers

After Airtel Payments Bank, India’s first payment bank, Paytm is all geared up to bring the country’s second payments bank. Vijay Shekhar Sharma, founder and CEO of Paytm announced that Paytm Payments Bank has finally received launch approval from Reserve