Flipkart and Amazon Sales Hit Home Runs! Online retailers Flipkart and Amazon India made whopping sales with a considerable margin, in comparison to last year’s festive sale. The demand has been strongly driven by smart phones and television sales. As per a statement by Flipkart on Sunday, its sales have doubled to at least seventy…
Read more
P2P startups to get backed by NBFCs soon
Here’s some good news for P2P startups... After a recent notification by the Central Government, the Reserve Bank of India(RBI) said that the central bank has identified peer-to-peer lending(P2P) startups as a special category of non-banking finance companies(NBFCs). This will be regulated by the bank regulator. The notification provides a ground for the release of…
Read more
HighRadius secures $50 million to expand on a larger scale
Fintech leader receives fund amid AI-based demand HighRadius, the leader in cloud-based Integrated Receivables software, has raised $50 million in growth funding from Susquehanna Growth Equity to continue its aggressive growth and expand its presence globally. HighRadius is led by CEO, Sashi Narahari, an IIT alumnus and enterprise technology veteran. HighRadius works with hundreds of…
Read more
Google launches ‘Tez,’ a new UPI-based payments app
Google aims to give a tough competition to rivals Google launches a Unified Payments Interface (UPI) app called Tez in India under the ‘Make in India’ initiative. This app will allow users to pay for services both online and offline and also influence person- to- person transactions. Finance minister Arun Jaitley launched Tez. He said…
Read more
Another smart move by Uber! Check out
Uber launches a digital campaign to showcase real stories of riders In a smart move, Uber plans out a stronger strategy to survive in the market. Sanjay Gupta, head of marketing, Uber India, said, “In the months prior to the launch of our mass media campaign, we spent hours in conversation with both riders and…
Read more
Flipkart eyes a 2.5x smartphone sales in festive season
Flipkart aims to set fire in the market! In a prudent strategy to beat rival Amazon, e-commerce giant Flipkart expects a 2.5 times growth in smartphone sales in this festive season compared to last year. This was as per reports from a company official. SoftBank backed Flipkart claims to have 65 per cent share in…
Read more