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Paytm to double the salaries of top performers

Online payment and e-commerce platform Paytm has decided to give 100 per cent hike to the top performers. There are around 200 employees across the company who will be rewarded for their noteworthy performances. Paytm has been deliberating over this...

Paytm borrows Rs 300 crore from ICICI Bank

Venture capital funding and angel investors are fast drying up, and e-commerce majors are scuttling for money to fund their day-to-day operations. Companies like Flipkart and Paytm are now turning towards banks for capital loans. Noida-based mcommerce platform, Paytm, has...

Paytm ties up with cinemas to sell movie tickets

As an extension to its digital bookings offering, digital payment and m-commerce firm, Paytm has tied up with PVR, INOX and many other cinema houses to sell movie tickets on its platform. The recent move by Paytm will break the...

Zero connectivity not a problem, says Paytm

Paytm is coming up with a new technology which will enable their users to make transactions in the zero connectivity zones. This is a good news for customers in a flight (aircraft), train and rural people who face a...

Ola shuts down grocery and food delivery service

Marking a mail to its customers, taxi-hailing firm has announced that it is shutting down its grocery and food delivery service. Ola had launched Ola Store and Ola Cafe just a year ago in Bengaluru, Hyderabad and NCR. The email...

Paytm to add 4 lakh offline merchants by year end

Paytm, India’s largest mobile commerce platform, says it plans to add a total of 4 lakh merchants by the end of 2016. The website, which started by offering mobile recharge and utility bill payments, is a full marketplace today...

Flipkart introduces new online wallet

India's e-commerce major Flipkart, in a bid to foray into the payments business, has launched an online wallet, Flipkart Money. The online wallet will directly compete with Alibaba-backed Paytm and Snapdeal's Freecharge. Flipkart Money will help the firm increase the...

Paytm to support women entrepreneurs

Paytm, India's largest mobile payments and commerce platform, has invited selected women sellers from across India (Karnataka, Maharashtra, Uttar Pradesh and Delhi/NCR) to interact with their senior management in formulating a long term future roadmap for supporting women entrepreneurs...

E-retailers held 83 per cent market share in 2015

According to a study conducted by Morgan Stanley, Flipkart, Snapdeal, and Amazon – the “Big Three” accounted for more than 80 per cent of the total market in 2015. Snapdeal and Amazon India lost market share as online shopping options...

Flipkart shuts grocery delivery app Nearby

Less than five months after testing it, Flipkart has decided to shut down its grocery delivery app, Nearby. The experimental app was launched by the online retail giant in October last year. Nearby was only launched in one city,...
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Hygiene Brand Pee Safe hires Arijit Sen as VP

The company aims to achieve robust sales and garner lion’s share in the Rs 8000 crore feminine hygiene market. New...
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