Paytm might have the biggest digital wallet in the country with over 120 million subscribers, but the users haven’t come cheap. Paytm revealed that it spent Rs. 588 crore in cashbacks to customers in 2015. The company had incurred a loss of Rs. 372 crore in FY 2014-2015.
Facebook India Managing Director Kirthiga Reddy has stepped down from her post after a 6 year stint with the company. She was Facebook’s first employee in India and had set up Facebook’s Hyderabad office.
Dipti Sarna, the Snapdeal employee who’d been missing since 10th February, has been found. She is currently in Panipat in Haryana and a UP UP police team has reached the city to bring her back.
Dipti Sarna, a Snapdeal employee who worked out of their Gurgaon office, has been missing since yesterday evening. She was returning home from work when she’s last contacted her family. It is believed that she might have been abducted by her auto driver.
Jabong’s largest warehouse, situated in Pataudi on the outskirts of Delhi, has been destroyed in a fire. Initial reports indicate that the fire was caused by a short circuit. There were no casualities.
There’s going to be one fewer Bansal at Flipkart’s helm. Mukesh Bansal, who heading the commerce and advertising business at Flipkart, has resigned from the company. The move comes weeks after Flipkart’s restructuring in which longtime CEO Sachin Bansal had stepped aside and co-founder Binny Bansal had stepped in his place.
Venture Capital firms now abound, but some are better than the rest. This is a list of the most prolific Venture Capital firms in India over the last year.
After Grofers had pulled out of out 9 cities, and Zomato had suspended operations in 4, PepperTap has now shut down operations in 6 cities. The company shall no longer operate in Ahmedabad, Chandigarh, Mumbai, Kolkata, Chennai and Jaipur.
India’s telecom regulatory body TRAI today issued the ‘Prohibition of Discriminatory Tariffs for Data Services Regulations, 2016’ that bars service providers from offerring or charging discriminatory tariffs for data services on the basis of content.