Two Bangalore women give a ‘clean’ twist to co-working spaces

Co-working spaces – the idea of an open and communicative work culture – is finally picking up in the Indian startup ecosystem. The past two years have witnessed many startups, including Innov8, InstaOffice and 91springboard, venturing into this space to cash in on the opportunity. In fact, several of them have been able to secure […]

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Former Housing CEO Jason Kothari takes the helm at FreeCharge

Jason-Kothari_CEO-Freecharge-01_feE-commerce firm Snapdeal, operated by Jasper Infotech Pvt Ltd, has appointed Jason Kothari as the new chief executive officer of mobile recharge platform FreeCharge. Kothari will also continue his key leadership role as chief strategy and investment officer at Snapdeal, the company said in its statement. He replaces Govind Rajan, who exactly a month ago […]

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Two senior executives resign from Snapdeal’s Bangalore centre

SnapdealE-commerce firm Snapdeal, owned by Jasper Infotech Pvt. Ltd, continues to see senior-level churn. This time, the company’s two associate vice presidents Balaji Hariharan and Hemanth Kota have resigned, a report in The Economic Times stated citing people aware of the development. Hariharan served as the head of growth and product management at Snapdeal Payments […]

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Agri-tech startup FarMart raises seed funding from IAN

For-Farmart-Story-VC_20160402_SJ_Crops-Jammu-and-Kashmir-009Indian Angel Network (IAN) has made an undisclosed investment in Gurgaon-based FarMart, a renting platform for farm equipment, a statement issued by the company stated. Ambarish Raghuvanshi, who led the investment on behalf of IAN, has also joined the board of the startup, the press note added. Operated by Farmart Service Pvt Ltd, the startup […]

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Bhavin Turakhia to invest $25 mn more in enterprise messenger Flock

Bhavin-Turakhia23Billionaire Bhavin Turakhia plans to invest $25 million in enterprise team messenger app Flock to enhance product innovation and meet global demand, the company said in a statement. As the company closes in on US-based Slack, which offers a chat and messaging app for businesses, for a larger share of the enterprise market, it also […]

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YourNest names Revvx’s Satish Mugulavalli as director of technology

Early stage venture capital firm YourNest has appointed Satish Mugulavalli as director of technology, it said in a statement. Mugulavalli – who earlier co-founded Revvx IoT Hardware Accelerator – will work closely with the fund to identify deep tech investments in areas such as IoT (Internet of Things), advanced robotics and enterprise software. “Satish will […]

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Tech accessories e-tailer LatestOne.com raises $3.3 mn from Ashish Dhawan, Mathew Cyriac and others

For-LatestOnlineHyderabad-based Palred Technologies Ltd (formerly Four Soft Limited) has raised about Rs 22 crore ($3.34 million) in its latest round from both new and existing investors, the company said in a statement. The company, which is listed on both BSE and NSE, will allot 1.5 million shares to investors on a preferential basis at Rs […]

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Why govt’s proposed rules for prepaid instruments may hurt e-wallets

ThinkstockPhotos-85500716_feThe government on Wednesday released draft guidelines for digital wallet companies as part of its efforts to promote electronic payments, ensure security of transactions and strengthen grievance redressal for consumers. The draft Information Technology (Security of Prepaid Payment Instruments) Rules 2017 mandate, among other things, that digital wallets adopt multiple-factor authentication when a customer initiates […]

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What prompted Paytm to roll back 2% fee on wallet top-up via credit cards?

Paytm E-Commerce set to raise $252 mn in round led by AlibabaIndia’s top digital wallet Paytm on Thursday reversed the 2% levy on top-ups via credit cards it had introduced a day earlier, saying it was doing so keeping users’ convenience in mind and that it would instead put in place new mechanisms to check misuse. “We are conscious that this move caused inconvenience to a […]

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Why Paytm levied 2% fee on recharge via credit card, and MobiKwik latched on

For-E-payments-Infra-2_ThinkstockPhotos-505770038India’s mobile wallet companies have a knack for being in the news. Just a day after Vijay Shekhar Sharma-led market leader Paytm said it will levy 2% fee for adding money to the wallet using credit cards, arch-rival MobiKwik has announced that it will continue to offer “free” uploading of money to its wallet, including […]

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