Paytm rolls out Paytm Force service to assist sellers

VCCircle_Paytm33Mobile wallet and e-commerce firm Paytm has rolled out a service to help small and medium sellers on its platform, as the company looks to expand its marketplace business to better compete with Flipkart, Snapdeal and Amazon. Under the new service, Paytm Force, about 3,000 e-commerce specialist partners of Paytm will help sellers in creating […]

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Paytm acquires task-managing app Shifu

PaytmMobile wallet and e-commerce firm Paytm has acquired Shifu, a context-aware personal assistant application, in its second takeover within a month. The deal will help Paytm to enhance customer experience on its platform, it said in a statement. Paytm didn’t disclose any financial details. However, The Times of India reported that the deal is worth $8 million (Rs […]

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IAMAI launches Mobile10X, to set up startup hubs

The Internet and Mobile Association of India (IAMAI) has teamed up with Google India and Paytm to launch an industry forum with the aim of facilitating a 10-fold increase in mobile app revenue over the next five years. The Mobile10X programme will seek to increase the number of quality developers to 5 lakh from 50,000 […]

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Zomato integrates Paytm wallet for food payments

Restaurant listings and review firm Zomato, which also allows users to order food, will now enable its customers to pay using Paytm mobile wallet. This makes Paytm the first virtual wallet property to sign up with Zomato for food delivery payments, as per a press statement. Paytm, which is run by One97 Communications Ltd, is […]

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Zovi founders raise $50M for new deals discovery startup from Paytm, others

Founders of Bangalore-based private label fashion e-tailer Zovi have raised $50 million (Rs 318 crore) from a group of investors led by One97Communications, which runs mobile commerce venture Paytm, and an unnamed large investor for a separate startup focused on deals discovery. SAIF Partners and Tiger Global Management, who are existing investors in Zovi, also participated, it […]

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Paytm parent One97 adds top, WhatsApp and Inmobi executives to its board

Mobile commerce and virtual wallet property Paytm has appointed WhatsApp’s global business head Neeraj Arora, InMobi founder Naveen Tewari and Facebook’s first woman engineer Ruchi  Sanghvi  to its board of directors. “Ruchi, Neeraj and Naveen all come with tremendous internet commerce experience with highly renowned brands. We look to bring global talent and best practices […]

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