Fintech startup TranServ hires former MasterCard, MobiKwik executives

Salil-modyMumbai-based digital payments company TranServ Pvt Ltd has strengthened its top deck with two senior-level appointments. The company has appointed Salil Mody as senior vice president of corporate strategy and Ushpinder Singh as senior vice president and head of its merchant business. Mody, who most recently worked at MasterCard, will focus on driving corporate strategy, […]

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Micromax CEO Vineet Taneja resigns

Vineet Taneja, CEO, MicromaxVineet Taneja, CEO of India’s largest homegrown handset maker Micromax Informatics Ltd, has put in his papers. A company spokesperson confirmed the development to Techcircle.in. Reports about Taneja’s plans to quit Micromax have been circulating in the media for quite some time now; differences between Taneja and the company’s promoters has been cited as one of […]

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Zapr raises funding from Flipkart, Micromax and others

Zapr-2Red Brick Lane Marketing Solutions Pvt Ltd, which runs media-tech startup ZAPR, has raised an undisclosed amount of funding led by Flipkart, with participation from Saavn and Micromax and Mu Sigma co-founders – Dhiraj Rajaram and Ambiga Dhiraj. This round also saw participation from existing investors Dinesh Agarwal, Samir Bangara, Sanjay Nath and Arihant Patni. […]

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Micromax partners TranServ for smartphone-based native payments solution

Vikas-JainHomegrown handset and tablet manufacturer Micromax Informatics Ltd has announced the launch of a smartphone-based native payments solution in strategic partnership with mobile payments company TranServ Pvt Ltd. The solution will enable Micromax users to conduct financial and social transactions such as sending or requesting money, splitting bills, sending gifts to friends and making payments […]

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Micromax invests in Times’ music streaming property Gaana

Handset maker Micromax has invested an undisclosed amount in Times Internet’s music streaming app Gaana as part of its engagement with startups and other ventures in the smartphone ecosystem. As a part of the deal, all Micromax phones will now have the Gaana app pre-installed and new users will get a free trial of premium […]

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Sanjay Kapoor mulls legal action against Micromax

Sanjay Kapoor, who resigned as the chairman of Micromax Informatics Ltd in August, is considering legal action against the handset maker and its directors, a media report said on Friday. The Economic Times reported also that Kapoor was, in fact, asked to step down from the position amid allegations that he misappropriated fuel bills. The report said that Kapoor […]

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Micromax invests in price comparison app Scandid

Home-grown handset and tablet manufacturer Micromax Informatics has invested an undisclosed amount in Scandid, a price comparison and product discovery portal owned and operated by Pune-based WishPoint Tech Pvt Ltd, according to a press release. Launched in June 2012, Pune-based Scandid helps customers compare prices and discover discounts across top e-commerce and local retailers. It was originally co-founded […]

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Micromax wants to build an ‘ecosystem of services’

At the recently concluded ‘Techcircle Startup 2015,’ Micromax Informatics Ltd co-founder Rahul Sharma spoke about his company’s journey from being a Nokia distributor to the Finnish handset makers largest home-grown competitor for mobile handsets. The son of a school principal, Sharma started the company’s handset practise at a time when Nokia (now part of Microsoft) […]

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Micromax makes first international investment, puts money in Dropbox rival MiMedia

Home-grown smartphone and tablet maker Micromax Informatics Ltd has made its first cross border investment by putting money in New York-based consumer cloud startup MiMedia Inc. Financial details of the transaction were not disclosed. MiMedia is an online backup service for personal content (photos, videos, music, files) which was launched in 2010 by technology startup MiMedia LLC. “The world […]

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Handset maker Micromax invests in online travel search engine ixigo

Home-grown handset and tablet manufacturer Micromax Informatics has made an undisclosed investment in Delhi-based Le Travenues Technology Pvt Ltd,  which runs the online travel search engine ixigo.com. This investment is part of Micromax’s foray into application services and will give ixigo a reach of over 30 million incremental users in the next year, as per a […]

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