MobiKwik hires Line India’s former head Daman Soni to drive user growth

Daman-SoniFEDigital wallet firm MobiKwik has appointed former India head of instant messaging app Line, Daman Soni, as vice president for growth. In his new role, Soni will be responsible for achieving the company’s user growth targets. Besides, he will also support the marketing function, MobiKwik said in a statement. “His strength lies in his observation […]

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Flashback 2016: Paytm gets note ban boost but payments bank hits a bump

flashback-logo_feIf there is one man who is wholeheartedly welcoming Prime Minister Narendra Modi’s decision to scrap Rs 500 and Rs 1,000 banknotes, it’s Vijay Shekhar Sharma. The Paytm founder and CEO has turned out to be one of the biggest beneficiaries of the move as the cash crunch prompted people to increasingly use the digital […]

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Vijay Shekhar Sharma sells 1% in One97 to raise $48.1 mn for payments bank

Vijay Shekhar Sharma, Founder, PaytmPaytm’s founder and chief executive Vijay Shekhar Sharma has sold 1% of his holding in the digital wallet’s parent firm One97 Communications Ltd, to raise nearly $48.1 million (Rs 325 crore). With the latest transaction, One97’s valuation reportedly stands at $4.8 billion (Rs 32,438.4 crore). The money will be used to fund the group’s proposed […]

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Paytm appoints ex-Citigroup executive Madhur Deora as CFO

Mobile payment and e-commerce company Paytm, owned by One97 Communications has appointed former Citigroup executive Madhur Deora as it chief financial officer and senior vice president, according to a statement. Deora, an alumnus of Wharton School, was earlier with Citigroup Investment Banking as managing director, where he handled the firm’s TMT and private equity clients. […]

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MobiKwik gets $50M from Japan’ GMO, Taiwan’s MediaTek, others

MobiKwikGurgaon-based One MobiKwik Systems Pvt Ltd, which runs online recharge platform and mobile wallet venture MobiKwik, has raised $50 million in its Series C round led by Japan’s GMO Payment Gateway and Taiwanese semiconductor company MediaTek. Existing investors Sequoia Capital and Tree Line Asia also participated in this round, MobiKwik said in a statement. The […]

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Will Coastered’s emotional pitch get it friends?

Coastered-teamA new social platform promises to bring back the emotions into messaging. Called Coastered, it promises not only to trigger an emotional response from the friend whom you pinged, oops, coastered, it also gets the two of you to act on your emotions, in the real world. A cross between a dating app and a […]

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