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paytm News of 02/21/20
7-Month-Old Simsim Secures $16m For Its Social Commerce In India
Simsim, a social commerce startup in India, said on Friday it has raised $16 million in seven months of its existence as it attempts to replicate the offline retail experience in the digital world with help from influencers. The Gurgaon-based ...
Apple To Start Online Sales In India In q3 This Year
Apple’s much-awaited online store in India will be operational starting Q3 this year, a little longer than previously expected, a source familiar with the matter told TechCrunch. The iPhone-maker said in August last year that it was ...
Adding India To Your Business
Kumar Shah Contributor Share on Twitter Kumar Shah is the founder of Transit Capital , a cross-border VC firm that partners with growth-stage entrepreneurs building global champions. At the ...
Paytm Targets Merchants To Fight Back Google And Walmart In India’S Crowded Payments Field
Paytm today announced two new features for businesses as the financial services firm looks to expand its reach in the nation that has quickly become one of the world’s most crowded and competitive payments markets. The Noida-headquartered firm, ...
Startups Weekly: Oyo’S Toxicity + A Farewell
Welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week I wrote about the startups we lost in 2019 . Before ...
Goldman Sachs Leads $15m Investment In Indian Fintech Startup ZestMoney
One of America’s largest banks has just poured some money to help millions of Indians without a credit score secure loans and make purchases online for the first time in their lives. Bangalore-based ZestMoney announced today it has raised ...
Indian b2b Food Tech Startup HungerBox Raises $12m From Paytm And Others
HungerBox, an Indian food tech startup that has courted 10 of the 11 largest companies in the country to use its services, today announced it has raised $12 million from Paytm and others as it looks to sign clients in Southeast Asia. The ...
India’S Financial Services Firm Paytm Raises $1b
Paytm said on Monday it has raised $1 billion in a new financing round as the Noida-headquartered firm, which once dominated the local mobile payments market, attempts to fight back giants Google, Walmart’s PhonePe, and Facebook. The company ...
Amazon Now Sells Movie Tickets In India
Amazon has set its eye on the next business it wants to disrupt in its key overseas market India: online movie tickets. The e-commerce giant said Saturday it has partnered with local online movie ticketing giant BookMyShow to introduce booking ...
Indian Startups Have Raised A Record $11.3b This Year
With two months of 2019 still to go, Indian tech startups are already having their best year as a record amount of capital flows into the local ecosystem in a major rebound since the darkened funding environment of 2016. The unlisted tech startups ...
India’S Darwinbox Raises $15m To Bring Its HR Tech Platform To More Asian Markets
An Indian SaaS startup, which is increasingly courting clients from outside of the country, just raised a significant amount of capital to expand its business. Hyderabad-based Darwinbox , which operates a cloud-based human resource management ...
The Emergence Of Super Apps In Latin America
Thiago Paiva Contributor Share on Twitter Thiago Paiva is a fintech entrepreneur, writer and investor. He is the co-founder of Liquia Digital Assets , an investment platform for international ...
Groww, An Investment App For Millennials In India, Raises $21.4m
Of the 1.3 billion people who live in India, more than 100 million of whom are using digital payment apps each day, only about 20 million today invest in mutual funds and stocks. An Indian startup that is betting on changing that figure by courting ...
Paytm’S Annual Loss Doubles To $549m
Running a payments business in India is not cheap. Just ask Paytm . One of India’s largest payment companies reported a net loss of Rs 3959 crore ($549 million) for the financial year that ended in March, up 165% over 1490 crore ($206 million) in ...
Alibaba’S UCWeb To Launch An E-Commerce Service In India
UCWeb, a subsidiary of Chinese giant Alibaba, plans to launch an e-commerce service in India in the coming months. In a statement to TechCrunch, a UCWeb spokesperson said the firm plans to build an e-commerce service around content platform in ...
Japan’S Mobile Payments App PayPay Reaches 10 Million Users
Paytm, India’s biggest mobile payments firm, now has 10 million customers in Japan, the company said as it pushes to expand its reach in international markets. Paytm entered Japan last October after forming a joint venture with SoftBank and ...
India’S GoWork Raises $53m In Debt Financing To Expand Its Co-Working Spaces Business
GoWork , a Gurgaon-based startup that runs a co-working spaces business in India, said on Tuesday it has raised $53 million in a debt round to scale its business in the country as competition in the market, including from recent entrant Oyo Rooms, ...
The Scientist Behind Juul Launches A Juul Alternative For China
The chemist who helped create the magic sauce behind Juul, Xing Chenyue, unveiled the product of her new startup Myst Labs this week after two years of development: electronic cigarette alternatives designed for China’s 350 million smokers, the ...
WhatsApp Reaches 400 Million Users In India, Its Biggest Market
WhatsApp has amassed more than 400 million users in India, the instant messaging app confirmed today, reaffirming its gigantic reach in its biggest market. Amitabh Kant, CEO of highly-influential local think-tank Niti Aayog, revealed the new stat ...
What Lower Netflix Pricing Tells Us About Competing In India
At a conference in New Delhi early last year, Netflix CEO Reed Hastings was confronted with a question that his company has been asked many times over the years. Would he consider lowering the subscription cost in India? It’s a tactic that ...
