Freshdesk plays catch-up with Zoho and Salesforce, launches app marketplace

freshdeskChennai-based Freshdesk Technologies Pvt Ltd has launched its own app marketplace for developers and clients, the company said in a press statement. The marketplace allows customers to discover and install apps and helps maximise the capabilities of their helpdesk. Developers can earn revenue through integrations and extensions. It enables flow of information between Freshdesk and […]

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Get My Parking raises $1.1 mn from IAN, others

parkingCloud-based mobile parking technology startup Get My Parking has raised $1.1 million (Rs 7.35 crore) in pre-Series A funding from Indian Angel Network (IAN), venture firm Beenext, The Chennai Angels, and Hero Corporate Services chairman Sunil Munjal. The startup will invest the fresh funds to deploy its integrated smart parking platform, it said in a […]

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MobiKwik to invest $45 mn on merchant, user acquisition

MobiKwikDigital wallet MobiKwik, run by One Mobikwik Systems Pvt. Ltd, will invest Rs 300 crore (about $45 million) this year on acquiring merchants and users, as it looks to increase its share in the highly competitive payments market. Nearly Rs 50 crore is being invested to set up 13 offices and hire over 1,000 employees, […]

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Swedish investor Kinnevik to sell half its stake in Rocket Internet

KinnevikSwedish investment firm Kinnevik AB is selling nearly half of its 13% stake in German Internet conglomerate and incubator Rocket Internet SE. It plans to sell nearly 10.9 million shares, representing 6.6% of Rocket Internet’s issued share capital, to institutional investors at €19.25 per share, Kinnevik said in a statement on Wednesday. “Kinnevik’s gross proceeds […]

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Curated marketplace TheBagTalk aspires to become BuzzFeed for Bags

Looking for a carry-on bag that turns into a kick scooter to help you manoeuvre large airports? Or a line of sports bags designed by yesteryears’ popular cricketer Jonty Rhodes or TV host and actor Rannvijay Singh? The soon-to-be-launched TheBagTalk, which claims to be the country’ first ever curated marketplace exclusively for bags and luggage, […]

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FreeCharge CEO Govind Rajan quits

Govind RajanFreeCharge 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. “It has been a unique privilege to helm FreeCharge in these exciting times of rapid growth and user-focussed innovation. I am confident that FreeCharge will achieve still greater heights […]

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Snapdeal to lay off 600; founders forego salary

Jasper Infotech Pvt. Ltd, which runs Snapdeal, has decided to lay off 500-600 employees across the e-commerce marketplace and its subsidiaries, mobile wallet Freecharge and logistics wing Vulcan Express, a person aware of the development told Techcircle. The person added that the process of lay-offs has already started and will continue for “the next few […]

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Bharti Airtel picks stake in fintech startup Seynse

For-Airtel-Payment-Bank-Story_Mukul-Mudgal_feTelecom major Bharti Airtel has acquired a strategic stake in Goa-based financial technology startup Seynse Technologies Pvt. Ltd, it said in a statement. The value of the investment is not disclosed. Seynse has created the digital lending platform Loan Singh which provides consumers access to loans through its proprietary credit scoring engine, with a network […]

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Fin-tech sees sharp funding slowdown, but there’s a silver lining: KPMG

IDG, Accion to invest more in CreditMantriVenture capital (VC) investments in India’s fin-tech sector nosedived to a mere $216 million in 2016, a far cry from the previous year’s $1.6 billion, according to KPMG International’s quarterly report on global fin-tech investment that was released Wednesday. “This decrease highlights the impact a lack of mega deals can have on a country as […]

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Exclusive: Dating app Vee pivots again – this time to woo SMEs

For-Vee-Dating-App-Story-TC_romantic-sun-drink-dateLightspeed Venture Partners-backed GetVee Technologies Pvt. Ltd, which operated dating app Vee, has pivoted its model for the second time to become an e-commerce enabler for small and medium enterprises (SMEs), its founder Nitin Gupta told Techcircle. “We thought of it as an interesting opportunity with the change in the ecosystem, and the government’s push […]

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