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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Exclusive: App aggregator AppBrowzer secures $500K from Deepak Gurnani, others

Venkatesh Rao & Sunny along, co-founders, AppBrowzerBangalore-based Roid Technologies Pvt Ltd, which operates instant mobile app store AppBrowzer, has raised $500,000 led by Deepak Gurnani, a member of Singapore Angel Network, Sunny Gurnani, co-founder and chief executive of the startup told VCCircle. A group of angel investors also participated in the round. Deepak, a distributor and producer of Indian movies, has […]

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Star India makes strategic investment in media tech startup Zapr

Star India makes strategic investment in media tech startup Zapr21st Century Fox-owned broadcaster Star India Pvt Ltd has picked up a minority stake in Bangalore-based media tech company Zapr Media Labs, a press statement issued by the firm stated. The two companies will be working together to create technology to help brands better understand mobile audiences, the statement added. The Economic Times reported that […]

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Accel Partners leads $10 mn Series B round in AgroStar

AgroStarPune-based ULink AgriTech Pvt. Ltd, which operates direct-to-farmer mobile-based retail platform AgroStar, has raised $10 million (around Rs 66.6 crore) in its Series B round led by Accel Partners, the company said in a statement. Existing investors IDG Ventures and Aavishkaar Venture Management also participated in the round. The startup will use the funds to […]

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CherishX, Touchkin and mShipper selected for Facebook’s FbStart programme

facebookSocial media giant Facebook has selected express delivery platform mShipper, healthcare firm Touchkin and dating experiences platform CherishX for its FbStart programme, the companies told VCCircle. The startups will receive up to $40,000 from Facebook and its 30 partners, including Amazon, UserTesting, Dropbox and MailChimp. Besides, they will get free access to more than 25 […]

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Do Uber drivers make more than the average software developer?

Amit-JainOn Friday, Uber India head Amit Jain sought to dispel the simmering discontent among its drivers over falling earnings and shrinking incentives, but he may well have stoked the fire instead. In a blog post titled ‘Driving with Uber: Setting the record straight’ that carried five “frequently asked questions”, Jain has claimed that 80% of […]

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Sticker search app Emojifi raises angel funding

For-Emojify-Story-TC_ThinkstockPhotos-521089304_feEmojifi, an app that provides live emoji, sticker and graphics interchange format (GIF) suggestions based on the typed words across chat platforms, has raised angel funding from two Hyderabad-based unnamed angel investors, it said in a statement. The capital will be used for marketing and enhancing the product. The company is also in the final […]

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Practo is consumer internet company of the year: VCCircle Awards

VCCircle Awards 2017Online healthcare platform Practo Technologies Pvt. Ltd has bagged the News Corp VCCircle consumer internet company of the year award for a disruptive business model that has gone beyond its consumer play into the enterprise space. The winner was decided by an eminent jury chaired by Arun Duggal, chairman of ratings agency ICRA. Started in […]

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Uber’s Amit Singhal asked to resign for not revealing sexual harassment allegations

Amit-Singhal_feUS-based ride-hailing app Uber Technologies Inc’s senior vice president of engineering Amit Singhal has been asked to resign from the company. He reportedly failed to disclose a sexual harassment allegation at his previous organisation Google. Singhal was asked to leave the firm by Uber’s co-founder and chief executive Travis Kalanick, an Uber India executive told […]

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PayU to widen fintech play, bets on cross-border payments, offline business

PayU to widen fintech play, bets on cross-border payments, offline businessNaspers-owned payments gateway PayU India is betting big on the fintech space in India. While its primary focus will be on payments, particularly cross-border payments, it is also entering the credit business and offline space. In an interaction with VCCircle, PayU co-founder and chief operating officer Shailaz Nag said that the Gurgaon-based company plans to […]

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