Patanjali Brings Together India’s Biggest E-Commerce Names To Announce Grand Online Launch

Patanjali Brings Together India’s Biggest E-Commerce Names To Announce Grand Online Launch

Patanjali might be all about nature and ayurveda, but it’s entered the online world with the swagger of a seasoned professional. In a power play that few companies can hope to match, Patanjali brought together the top executives of India’s top e-commerce companies to kick start its online foray. Baba Ramdev, the company’s charismatic figurehead, addressed a joint press conference with industry leaders including Paytm CEO Vijay Shekhar Sharma, Paytm Mall CEO Amit Sinha, Flipkart CEO Kalyan…

We’re Now The 11th Biggest Tech Platform In The World: Gadgets360 CEO Bhawna Agarwal

We’re Now The 11th Biggest Tech Platform In The World: Gadgets360 CEO Bhawna Agarwal

Gadgets360 is among India’s most prominent tech platforms, but it’s nudging up global rankings too. With 120 million pageviews a month, and 40 million unique visitors, Gadgets360 is now looking to make a splash beyond India. It’s backed by some big names — NDTV is its biggest shareholder, and it’s also raised money from Paytm CEO Vijay Shekhar Sharma. We spoke to Gadgets360 CEO Bhawna Agarwal about Gadget360’s unique hybrid model that combines content and…

Zomato Has Just Been Valued At $2.5 Billion By Morgan Stanley

Zomato Has Just Been Valued At $2.5 Billion By Morgan Stanley

Zomato’s had an impressive 2017, and the results are already beginning to show. Morgan Stanley’s research unit has just valued Zomato at a whopping $2.5 billion. This is a near-threefold increase from its last funding round, and a five-fold increase from its valuation in May 2016, when HSBC had valued the company at just $500 million. The valuation also implies Zomato is India’s fourth most valuable startup after Flipkart, Paytm and Ola.  “At the consolidated…

An App Is Using The Blockchain To Help Users Get Explicit Consent For Sexual Flings

An App Is Using The Blockchain To Help Users Get Explicit Consent For Sexual Flings

Even as the hype around blockchain grows, its use-cases are also getting more interesting. An app called LegalFling is now letting users get what it calls “explicit consent” for sexual flings. One-night stands can be a grey area, what with participants often being inebriated, and consent can often be wonky. LegalFling says it allows its users to sign a legally-binding digital contract with each other before they get hot and heavy. While it might not…

When You Spend Rs. 100 On An Uber Ride, This Is Where The Money Goes

When You Spend Rs. 100 On An Uber Ride, This Is Where The Money Goes

Even until a decade ago, the economics of the cab industry were fairly simple. Drivers owned their cabs, and the fare they received from the passengers, after deducting fuel and maintenance expenses, became their income. The industry, though, has been turned on its head in recent times — middlemen such as Uber and Ola have taken over the space, and drivers no longer work only for themselves. And the resulting fare breakdown has become a…

Paytm Lost Rs. 900 Crore Last Year

Paytm Lost Rs. 900 Crore Last Year

Paytm has become India’s largest payments startup, but it has come at a price. Paytm’s parent company One97 Communications lost Rs. 900 crore in the year ending March 2017, ET reported. This number is lower than its losses of Rs. 1,548 crore for FY2016, but One97 had split its company into Paytm E-commerce (Paytm Mall) and Paytm Payments Bank in 2017, meaning its results aren’t directly comparable over last year. Paytm Mall had also paid…

Canva Becomes Australia’s First Tech Unicorn After Rs. 250 Crore Funding From Sequoia Capital, Others

Canva Becomes Australia’s First Tech Unicorn After Rs. 250 Crore Funding From Sequoia Capital, Others

If you’ve spent any amount of time looking for image editing options on the web, chances are you’ve stumbled across Canva. In a field packed with an enormous number of competitors, Canva has, over the years, stood out for its versatile and varied offerings. And the popularity has come with financial rewards too — Canva has just become Australia’s first tech unicorn. Canva is now valued at more than a billion dollars after raising a $40…

PhonePe Has Just Tied Up With FreeCharge To Take On Paytm

PhonePe Has Just Tied Up With FreeCharge To Take On Paytm

Things are moving fast in the payments app space. After the long-drawn merger of Flipkart and Snapdeal which would’ve combined the forces of PhonePe and FreeCharge fell through, PhonePe has managed to get FreeCharge on its side anyway. PhonePe has struck a partnership with FreeCharge through which all existing PhonePe users will be able to link their FreeCharge wallets to their PhonePe app. Once linked, PhonePe customers will be able to spend their Freecharge wallet balance at…

Two Years After Suspending It, Uber Is Re-Launching Its Auto Service In India

Two Years After Suspending It, Uber Is Re-Launching Its Auto Service In India

When cab-hailing apps had burst on the Indian automotive scene a few years ago, many had predicted a grim future for the humble auto. Uber and Ola had begun offering air conditioned cab rides at prices cheaper than what autos charged, and it was expected that most people would switch to cabs, leaving millions of autos in the lurch. But the little auto has proven to be resilient — more resilient than Uber expected, at…

This Four-Year-Old Startup From Hyderabad Has Just Launched Its IPO

This Four-Year-Old Startup From Hyderabad Has Just Launched Its IPO

India’s fledgling scene has pretty much everything — it has big-ticket investors, it has superstar founders, and even has vast amounts of funding. But what the sector hasn’t had is meaningful exits — just a handful of Indian startups have managed to go public over the last couple of decades. But a small digital media company based out of Hyderabad is now launching its IPO, just four years after it was founded. Silly Monks’s IPO…

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