2 Senior Vice Presidents, 2 Vice Presidents, And A Head Of Growth Have Quit Paytm In The Last Month

2 Senior Vice Presidents, 2 Vice Presidents, And A Head Of Growth Have Quit Paytm In The Last Month

Paytm CEO Vijay Shekhar Sharma might say that Paytm is preparing for an IPO in two years, but a large section of his senior leadership won’t be around for the ride. Five senior Paytm executives have quit the company in quick succession last month, raising concerns around a possible leadership vacuum at India’s most valuable startup. Paytm Senior Vice President Deepak Abbott had put down his papers last month, and was followed by Nitin Misra,…

Flipkart Enters The Video Streaming Space, First Series To Debut Next Month

Flipkart Enters The Video Streaming Space, First Series To Debut Next Month

After years of speculation, it’s finally confirmed — Flipkart is throwing its hat in the video streaming ring. Flipkart will produce original video content under Flipkart Video Originals for its own video streaming service, the company said in a statement. These videos will be mobile-first and interactive, and their duration will range from 10 to 25 minutes. Flipkart’s original content portfolio will comprise short stories, non-fiction shows, and entertainment shows featuring Bollywood celebrities. Flipkart’s first original series…

Flipkart Has Registered A New Company To Step Into The Food Retail Space

Flipkart Has Registered A New Company To Step Into The Food Retail Space

India’s startups aren’t making any money, but they all seem to clear on one thing — to enter as many new verticals as possible. Flipkart has registered a new company called Flipkart Farmermart Pvt Ltd to enter India’s food retail space, Moneycontrol reported. Through the company, Flipkart will operate a full-fledged food retail business, including its own private label, a grocery supply chain, and could also open stores. Flipkart has reportedly decided to invest Rs. 2500…

Milk Delivery Startup Doodhwala Stops Operations, Redirects Customers To Fresh To Home App

Milk Delivery Startup Doodhwala Stops Operations, Redirects Customers To Fresh To Home App

Milk delivery startup Doodhwala appears to have found out that the milk of investor kindness eventually does run dry. Doodhwala today informed its customers that it was halting operations, and redirected them to the Fresh to Home app. “Dear customer, we regret to inform you that we will be discontinuing services due to unforeseen circumstances,” an email and a note by the company said. “You can easily transfer your active subscriptions and wallet balance to the…

Facebook’s Global Cryptocurrency Libra Faces Setbacks As Visa, Mastercard And PayPal Pull Out Of Project

Facebook’s Global Cryptocurrency Libra Faces Setbacks As Visa, Mastercard And PayPal Pull Out Of Project

Facebook is accustomed to having its way in the digital world — it can change its timeline algorithms on a whim, it can kill entire businesses by tweaking its policies, and it can end careers by banning people from its service. But it’s finding out that it doesn’t quite wield the same in influence in the real world. Six major partners of Facebook’s ambitious Libra cryptocurrency deserted the project last week after global regulators continued…

Someone Has Created A Whole Website To Document Their Horror Booking Experience On Oyo Rooms

Someone Has Created A Whole Website To Document Their Horror Booking Experience On Oyo Rooms

Customers take different approaches to not being given the service that they’d expect from companies. Some people complain to customer service. Others escalate to senior management. And if things still don’t work out, some take to social media to air their grievances. But an irate Oyo Rooms customer seems to have gone the extra mile to make themselves heard — they’ve created a whole website to document their experience. An Oyo Rooms customer has created…

Two Years After Getting Hacked, Zomato Has Paid Rs. 70 Lakh To Ethical Hackers For Pointing Out Its Bugs

Two Years After Getting Hacked, Zomato Has Paid Rs. 70 Lakh To Ethical Hackers For Pointing Out Its Bugs

If you catch the attention of the right people, you can make even the biggest companies change their policies. In 2017, Zomato had been hacked, and details of 17 million users had been made available online. It had then emerged that the hack had been the work of a single hacker, who went by the name of “nclay”. But his motivations for the hack were unusual — instead of holding Zomato to ransom for millions,…

Oyo Rooms Is Now Setting Up A Chain Of Offline Stores To Sell Wedding Products

Oyo Rooms Is Now Setting Up A Chain Of Offline Stores To Sell Wedding Products

It’s getting hard to keep up with Oyo’s product launches these days. After launching long-term home rentals, coworking space brands, Townhouses, cloud kitchens, and even a coffee shop, Oyo Rooms is now getting into the weddings business. Oyo will launch a chain of offline stores which will sell wedding products, and these experiential stores will help customers simulate wedding scenarios. Oyo will open these stores both in metros and non-metros, and the stores in bigger…

Rivals Are Spending Huge Money, But They Won’t Win India’s Payments War: Paytm’s Vijay Shekhar Sharma

Rivals Are Spending Huge Money, But They Won’t Win India’s Payments War: Paytm’s Vijay Shekhar Sharma

Paytm might have lost the top spot in the UPI payments race, but it hasn’t diminished CEO Vijay Shekhar Sharma’s bravado. Paytm CEO has said that despite giving rewards and cashbacks, companies like Google and Walmart won’t emerge on top when the dust settles on India’s payments space. “Rivals are spending huge amounts of money, but none of them have dented our market share,” he said in an interview with Bloomberg. “The big giants with…

Oyo Rooms And Softbank Jointly Acquire 80% Stake In Japanese Apartment Rental Company MDI For Rs. 700 Crore

Oyo Rooms And Softbank Jointly Acquire 80% Stake In Japanese Apartment Rental Company MDI For Rs. 700 Crore

Even as Softbank’s biggest real estate bet unraveled spectacularly this month — WeWork had to shelve its IPO after it was unable to attract a fraction of the $47 billion valuation it had sought — it still seems keen on propping up its other investments in the space. Softbank and Oyo Rooms have jointly acquired an 80 percent stake in Japanese rental apartment operator MDI. Nikkei Asian Review reported that the acquisition cost $100 million (Rs….

1 2 3 144