43-year old Vijay Shekhar Sharma who runs e-commerce firm Paytm backed by Chinese investors, on Thursday said that India’s traditional business houses should start investing in domestic startups. He added that Indian entrepreneurs need foreign investors largely because of the lack of availa…
Tag: Bipin Preet Singh
MobiKwik looks to raise Rs 1k cr for expansion
New Delhi: MobiKwik, one of India’s leading mobile-wallet companies, is in advanced talks with about half a dozen lenders and mutual funds to raise as much as Rs 1,000 crore to finance its expansion plans that include the likely acquisition of a rival, three people familiar with the development. …
Budget has clear focus on Digital India, skilling: Start-ups
Hailing the Budget as progressive, unicorns and startups said the proposals have a clear focus on ‘Digital India’ and skilling. The attention to affordable housing and greater employment in rural areas are the right interventions to build a more equitable society, they said. “Th…
Budget2017: A wishlist from India’s start-up entrepreneurs
This year’s Budget to be announced next month is expected to be a big one for startups which are reeling under the impact of demonetisation. The government may announce a string of initiatives to support them, including widening of the tax-free regime to five years from three years and faster pro…
Currency Switch Impact | How India’s internet commerce industry is coping currency recall
In the two weeks since the government announced its demonetisation initiative, India’s internet commerce industry has scrambled to adjust. Internet entrepreneurs have applauded the move, ostensibly for its long-term payoffs, although online marketplaces and logistics startups have been hit hard b…
Currency Ban Impact | Start-ups encouraging online transactions, gaining new customers
Even if temporary, markets wore a deserted look today across India as high value cash in hand became just a paper overnight for Indian citizens. Modi’s surgical strike on black money has had an impact on traders and parallel economy who used to deal only in cash, especially in India’s…
Net1 to invest $40 mn in MobiKwik, a leading digital payment platform in India
Net 1 UEPS Technologies, Inc. (“Net1” or the “Company”) (NasdaqGS: UEPS, JSE: NT1) today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited (“MobiKwik”) in India. MobiKwik is India’s largest independent mobile payments network, trusted by over 32…
IIT-Indore & IIM-Indore to host i5 Summit to foster entrepreneurship
Start-ups, entrepreneurs, students, investors and others experts to congregate at i5 Summit, an event hosted by IIT-Indore and IIM-Indore to foster the spirit of entrepreneurship in the country and support young entrepreneurs by connecting them with investors and mentors to take their ideas to th…
Mobikwik raises $50 million in fresh funding from foreign investors
One MobiKwik Systems, which owns and operates online recharge and mobile wallet MobiKwik, has raised about $50 million (Rs 332.6 crore) in fresh capital, in a new round led by Japan’s GMO Payment Gateway and Taiwanese fabless semiconductor company MediaTek. The Series-C round, which closed …
Fintech players upbeat about digital literacy
Financial technology startups and payments companies have cheered at the rural push in the 2016 Union budget presented by Finance Minister Arun Jaitley in the Union Parliament on February 29. With the minister giving a push towards financial literacy in rural areas, ATMs and micro ATMS in post of…