Online payments startup Razorpay turns profitable as sales rise 10-fold

For-PayU-Story-TC_ThinkstockPhotos-512349742Jaipur-registered online payment gateway startup Razorpay Software Pvt. Ltd has turned a profit in financial year ending March 2016, filings with the Registrar of Companies (RoC) show. The company posted a profit after tax of Rs 28.7 lakh for the year, compared with a loss of Rs 4.1 lakh in FY15. Net sales stood at […]

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Exclusive: The sort of Indian fintech startups Orange Growth Partners is looking to invest in

For-Fintech-Orange-Story-TC_ThinkstockPhotos-544970538Amsterdam-headquartered fintech investment firm Orange Growth Capital is setting foot in India. The three-year-old venture capital firm, which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. Operating out of Singapore in Asia, the firm has already entered Malaysia, Indonesia and Vietnam and will make investments in […]

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Sequoia Capital wants to be first institutional investor in startups, says MD Mohit Bhatnagar

Mohit BhatnagarGoing back to its global business philosophy of being an early stage investor in fledgling companies, Sequoia Capital in India has decided to primarily make early stage, seed and series A investments going forward even as it remains open to writing “large cheques” for companies needing growth capital. “Sequoia wants to be the first institutional […]

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Exclusive: Personal assistant app Joe Hukum rejigs business model

Joe-Hukum_feApp-based provider of concierge services Joe Hukum is recasting its business model to focus more on business-to-business (B2B) operations for better monetisation, its founder told Techcircle. “We realised that despite a decent number of transactions, there wasn’t enough money to be made in business-to-consumer (B2C) operations,” Arihant Jain, co-founder, Joe Hukum said. “A smaller margin […]

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