Chandrasekarans in startup world: It’s resolve, not the IIT-IIM tag, that matters

The elevation of Tata lifer N Chandrasekaran as chairman of India’s most revered corporate group—the $103-billion salt-to-software conglomerate Tata Sons—begs the much-debated question: Does one’s college pedigree matter? Corner offices at top business houses, both in India and abroad, are usually occupied by alumni of global business schools and leading engineering colleges. But Chandra, or […]

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FreeCharge partners Indus OS for direct integration, eyes 6 mn user base

Freecharge-Investment_Shah-JunaidMobile wallet firm FreeCharge has partnered with Indus OS, India’s second most popular mobile operating system, for direct integration on smartphones using the platform. With the move, FreeCharge expects to tap the 6 million-plus existing Indus OS user base and new users of Indus OS powered-devices. This is likely to boost its recharge transactions and […]

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FreeCharge receives $57 mn from Snapdeal

Freecharge-Investment_Shah-Junaid2Jasper Infotech Pvt Ltd, which runs e-commerce firm Snapdeal, puts in close to Rs 390 crore ($57 million) in FreeCharge, filings with the Registrar of Companies (RoC) showed. As FreeCharge is in the process of raising its next external round of funding, Snapdeal’s digital payments arm has increased its authorised share capital from Rs 6 […]

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Will digital wallets survive the UPI onslaught?

For-Digital-Wallet-Story-TC_ThinkstockPhotos-535412474In the last two months that demonetisation has dominated dinner-table conversations, digital wallet Paytm has had a dream run, clocking unprecedented numbers. TechCircle recently reported that Hero Corporate Services chairman Sunil Munjal was reportedly looking to buy a stake in the digital wallet firm at a staggering valuation of $5.7 billion. Though it’s been a […]

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Flashback 2016: Snapdeal struggles with FreeCharge poser, markdown by SoftBank

Snapdeal-by-Shah-Junaid_ASnapdeal, India’s third-largest e-commerce marketplace, had to fend off stiffer competition from larger rivals Flipkart and Amazon and endure volatility on several other fronts in a year when it had few reasons to rejoice. The year, however, had started well for Snapdeal, as it received $200 million from Canada’s Ontario Teachers’ Pension Plan and other […]

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Flashback 2016: The top angel investors in India

Dheeraj-Jain-&-Anand-ChandrasekaranDheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, and former Snapdeal product head Anand Chandrasekaran were among India’s top angel investors this year by number of deals they disclosed. Both investors have backed more companies this year than last. Jain closed 23 deals in 2016 versus eight in 2015, and Chandrasekaran added 20 […]

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PayPal in talks to buy into FreeCharge: Report

freecharge-by-shah-junaid-(19)_AGlobal online payments company PayPal Holdings, Inc. is in the final stages of a deal to invest in online wallet company FreeCharge, a media report said. PayPal could pick up a 25% stake in Snapdeal-owned FreeCharge for around $200 million, the Mint newspaper reported, citing two people aware of the development it didn’t name. The […]

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Snapdeal offers to deliver cash at home

snapdeal22Snapdeal, India’s second-largest homegrown online retailer, on Thursday announced the launch of “Cash@Home” service which will allow users to order cash and have it delivered at their doorstep. The company will use the cash that it receives through Cash on Delivery (CoD) to operate this facility, it said in a media statement. “As the country […]

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PressPlay co-founder Anand Sinha joins FreeCharge

10377429_10152617238857772_192189687037188245_nSnapdeal-controlled digital payments platform FreeCharge has appointed Anand Sinha, co-founder and former chief executive of Sequoia Capital-backed travel entertainment startup PressPlayTV, as director of partnerships and strategic initiatives. Sinha will lead both online and offline partnerships in addition to working on several strategic initiatives for the firm, the company said in a press statement. Sinha […]

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From concierge services to mobile wallets, IRCTC is making train travel hassle-free

irctc_feIndian Railway Catering and Tourism Corporation (IRCTC), a subsidiary of the government-controlled Indian Railways, has introduced several initiatives in November and December to improve the commuting experience for millions of travellers. IRCTC, which started with 29 bookings a day in 2002, is currently booking 1.45 million tickets a day. If you are a user of […]

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