After several weeks of rumors about his differences with the company, Pravin Jadhav, the Managing Director and CEO of Paytm Money has resigned from the company. According to a news report by Entrackr, Jadhav had submitted his papers last week and it is being reported that he will be relieved by the end of April.…
The novel coronavirus has engulfed the world in fear of its rapid spread and lack of medication. The virus which was first discovered in Wuhan City, China has so far claimed more than 3,000 lives and put at risk the lives of 90,000 people worldwide. As we speak today, the virus has entered India and…
Fintech unicorn PayTM recently announced that it has decided to shut all its 6 offices in Delhi-NCR for at least two days after one of its employees from Gurugram tested positive for COVID-19 (Coronavirus). PayTM has five offices in Noida and one in Gurugram, Haryana. In an official statement, the company informed that it asked…
Vijay Shekhar Sharma, Founder, and CEO of Indian digital payment giant PayTM recently announced that his company expects to turn profitable after two years as it is monetizing the existing customer base and eyes financial services as its next major frontier for growth. As per an interview with The Press Trust of India, Sharma said…
Insurance aggregator Coverfox is a boat floating in hot waters. The firm’s Co-founder and Chief Technology Officer Devendra Rane had resigned from his position a month ago and now the company’s Chief Executive Officer Premanshu Singh has resigned due to uncertainty about the company’s future. According to a report by Entrackr, the company’s executives had…
Former PayTM executive Sonia Dhawan has recently joined private equity SAIF Partners as Corporate Communication Advisor. She will be responsible for handling the media strategy of SAIF and companies under its portfolio. Companies under SAIF’s umbrella include PayTM, Meesho, ClearTax, Rivigo, Swiggy, and Chaayos. Earlier, Dhawan was the Vice President of Corporate Communications for First…
BharatPe, a UPI payments system, is planning to hire 75 engineers and project managers this year to expand its technology team and will set up a tech-hub in Delhi for the expanded team. The company was founded by Ashneer Grover and Shashvat Nakrani in 2018. In a statement, the fintech player said, “BharatPe is coming…
It doesn’t seem that their troubles are getting over soon. In the past few months, OYO has managed to gather a different spotlight on itself with a New York Times report on its toxic work-culture, IT raids at their Gurugram headquarters and death of a sportsperson in one of their properties last year. Adding to troubles, came the firing of thousands of its employees from China and India business.
HungerBox, a full-stack B2B food and beverage technology company, has raised $12 million from Paytm and others. New investors who participated in the round is NPTK. Existing investors Sabre Partners and Neoplux also participated. The company was founded by Sandipan Mitra and Uttam Kumar in 2015.
One97 Communications Limited (OCL), parent company of Paytm, has secured latest funding of nearly 660 Million from its existing investors T Rowe Price, Alipay, SoftBank and others. Earlier in November, Paytm had raised fresh equity funds amounting to $1 billion led by T Rowe Price, with participation from existing investors – Ant Financial and SoftBank…
Paytm, an Indian e-commerce payment system and financial technology company have invested an undisclosed amount in Infinity Transoft Solutions, a Rajkot-based bus ticketing technology startup. Infinity Transoft Solutions was founded by Bhavesh Gadhethariya in 2004. It is understood that the company will use the funds in business growth and expand its team. In a media…
Paytm, an Indian e-commerce payment system and financial technology company, is in advanced talks with multiple investors, including former UK Prime Minister David Cameron to raise another $1 B in funding. As per sources, the discussions are on and might take a few weeks to get finalised. Paytm is presently backed by investors – T Rowe Price, Ant Financial and SoftBank Vision Fund.
Paytm, One97 Communications Limited (OCL), parent company of Indian digital payments, has raised an equity fundraise from a group of investors, including existing shareholders such as Ant Financial and Softbank Vision Fund.
Paytm Payments Bank, India’s only mobile-first bank with zero balance and zero digital transaction charge accounts has appointed Satish Kumar Gupta as managing director and chief executive officer of the digital bank, the company said in a statement on Wednesday. His appointment comes a few months after Renu Satti, former CEO of Paytm Payments Bank stepped down from…
Paytm, the Indian e-commerce payment system and digital wallet company based out on Noida announced on Monday that the firm has launched a QR based smartphone payment service in Japan called PayPay. Paytm has launched the service in collaboration with SoftBank Corp and Yahoo Japan Corporation. With the newly developed service, users can store money from…