TECHNOLOGY

FreeCharge founders, Chaayos CEO back B2B pharmacy app Reap

February 22, 2017 | Varun Arora

Mumbai-based Workcell Solutions Pvt.

FreeCharge CEO Govind Rajan quits

February 22, 2017 | Arti Singh

FreeCharge chief executive officer Govind Rajan has resigned from the company just nine months after he was appointed to lead the Jasper Infotech-owned digital payments subsidiary.

Flipkart in talks to raise $1.5 bn from Microsoft, eBay and others

February 22, 2017 | Binu Paul

Home-grown ecommerce major Flipkart is in talks with a bunch of investors to raise a significantly large round of investment as the company has started seeing a renewed growth momentum under the new leadership of CEO Kalyan Krishnamurthy.

Eyeing new revenue streams, fresh India fund in 2017: Jaarvis Accelerator's Saumyajit Guha

February 22, 2017 | Arti Singh

Saumyajit Guha, former chief operating officer at Calcutta Angels who single-handedly closed seven startup investments in just nine months last year, is all geared up for his new challenge at Gurgaon-based Jaarvis Accelerator.

Verizon, Yahoo cut deal price to $4.48 bn

February 21, 2017 | Reuters

Verizon Communications Inc, the No. 1 U.S. wireless carrier, said on Tuesday it agreed to buy the core internet business of Yahoo Inc for $4.48 billion, about $350 million less than the original price.

Chipmaker Infineon to mentor startups incubated at Electropreneur Park

February 21, 2017 | Arti Singh

German semiconductor company Infineon Technologies AG has signed initial pacts with the India Electronics and Semiconductor Association (IESA) to offer business and technical consultation and provide mentoring to startups incubated at the Electropreneur Park.

Three senior execs step down from Urban Ladder

February 21, 2017 | Binu Paul

Three senior employees have resigned from furniture e-tailer Urban Ladder since October last year, marking yet another episode of top-level attrition at the country's e-commerce firms.  

Exclusive: Massive job cuts loom large at Yepme as funds dry up

February 21, 2017 | Dearton Thomas Hector

Delhi-based VAS Data Services Pvt. Ltd, which operates fashion e-commerce firm Yepme.com, is going through trying times with the company looking to reduce headcount by 80-90% and forcing entire teams to resign.

Now, government to take on VC-backed wallet startups with 'cashback' for BHIM app

February 21, 2017 | Oineetom Ojah

The government will soon announce a cashback scheme for users of the Bharat Interface for Money (BHIM) app in a bid to boost digital transactions, NITI Aayog CEO Amitabh Kant has said.

We went through near-death experience many times, says Nutanix founder

February 21, 2017 | Manu P Toms

Though Dheeraj Pandey is fairly well known and connected among the who's who of the tech industry, he hit headlines in his home country only late last year.

Uber users can now pay for rides using Jio Money

February 20, 2017 | Varun Arora

The Indian unit of US ride-hailing company Uber Technologies Inc. has tied up with Reliance Jio Infocomm Ltd to allow passengers to pay via the digital wallet of the billionaire Mukesh Ambani-led firm.

Photo-sharing app Vebbler selected for FbStart

February 20, 2017 | Disha Sharma

Photo-sharing app Vebbler, which is run by Vebbler Technologies Pvt. Ltd, has been selected by social media giant Facebook for its FbStart programme, the startup said in a statement.

Zoomcar co-founder David Back to drive strategy at Idein Ventures

February 20, 2017 | Binu Paul

Early-stage venture capital firm Idein Ventures has hired David Back, co-founder of self-drive car rental startup Zoomcar, as entrepreneur-in-residence.

TCS to buy back shares worth up to $2.4 bn

February 20, 2017 | Reuters

India's top software services exporter Tata Consultancy Services(TCS) will buy back shares worth up to 160 billion rupees ($2.4 billion), it said on Monday, potentially increasing pressure on rival Infosys to follow suit.

Xiaomi India head Manu Jain has Barra boots to fill as global VP

February 18, 2017 | Arti Singh

Xiaomi Inc. has elevated India head Manu Kumar Jain as global vice president at a time when the Chinese handset maker is in the middle of a purple patch in the country, emerging as the second-largest smartphone seller.

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

February 18, 2017 | Arti Singh

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.

Microsoft's India cloud plans get booster shot as Flipkart signs up

February 20, 2017 | Manu P Toms

Global technology leader Microsoft and India's top e-commerce firm Flipkart have announced a broad collaboration under which, as a first step, the latter will use Microsoft Azure as its exclusive public cloud platform.

IDG, Accion invest more in CreditMantri

February 20, 2017 | Dearton Thomas Hector

Chennai-based online credit management startup CreditMantri Finserve Pvt. Ltd has raised Rs 51.4 crore ($7.6 million) in Series B funding from new and existing investors, it said in a statement.

Former Nirula's CEO to lead Zomato's cloud-based PoS business

February 20, 2017 | Varun Arora

Restaurant listings and discovery company Zomato Media Pvt. Ltd has appointed Samir Kuckreja, former chief executive of QSR chain Nirula’s Corner House, as president of its cloud-based point-of-sale (PoS) system, Zomato Base.

Paytm bets $89 mn on QR code payment system

February 20, 2017 | Arti Singh

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.

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