Flipkart has hit upon a novel way to boost its GMV — it’s not going to charge its users at all.  Until a month later, that is. Flipkart is now letting customers buy items on credit, with accounts accumulating over an entire month. It’ll then send its users a bill on the 1st of the next month, with payments due by the 10th. Called the Flipkart Pay later scheme, it’s already been rolled out to select users. …

Four months ago, a blogpost by a female Uber employee had brought Uber to its knees — it caused outrage on social media, over 20 employees lost their jobs, and CEO Travis Kalanick had to resign. Now a blogpost by a female Uber employee is going viral for exactly the opposite reason. Margaret-Ann Seger, who’s a Product Manager at Uber, has written a post praising CEO Travis Kalanick, and expressing dismay at how events turned out. “I’m…

The fall in Snapdeal’s valuation might be more precipitous than previously thought. Flipkart isn’t willing to pay more than $350-$400 million for Snapdeal, sources have told Hindu Businessline. This is a near 94% discount to Snapdeal’s valuation when it had last raised money — in February 2016, Snapdeal had raised $200 million at a valuation of $6.5 billion. Snapdeal, for its part, is reportedly hesitant to accept this offer. Snapdeal values its marketplace itself at $400 million, while its…

Even if the Champions Trophy concluded with a heartbreaking loss to Pakistan, it had one upside — everyone in the country now knows how exactly the area of a triangle is related to the area of a circle. Ed-tech startup Byju’s ran an extensive ad campaign during the Champions trophy, featuring happy kids who were learning Chemistry, Biology and Maths on its app. Founder Byju Raveendran himself made an appearance, showing off how the area of a circle could…

A week after going on an indefinite leave of absence, Travis Kalanick has resigned as Uber CEO. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” he said in a statement. He had lost his mother in a tragic boating accident earlier this…

Hike might’ve just played its biggest hand in trying to compete with Whatsapp in India. The company has launched its own Wallet, through which users can transfer money and make recharges. The wallet option pops up as a separate tab on the Hike app, and lets users to access their contact list as they’re sending money. The wallet lets users send money either to a contact’s linked UPI account, or to their Hike wallet. All transfers are free and instant,…

Paytm CEO Vijay Shekhar Sharma isn’t taking attacks from competitors lying down. Sharma has once again accused HDFC Bank of letting its representatives badmouth Paytm to its customers. Sharma demanded a response from HDFC Bank on twitter, while sharing an account of a user whose HDFC’s personal banker had told her that Paytm wasn’t “safe for payment.” The HDFC Bank representative reportedly told them that Paytm’s data is stored online, and is thus not safe….