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Paytm may join forces with Alibaba to invest US $200 mn in BigBasket

Digital payments major Paytm may join forces with its investor Alibaba to pick up a minority stake in online grocery retailer BigBasket for about US $200 million, according to sources close to PTI. According to a PTI report: The companies...

Ahead of GST rollout, retailers dole out massive discounts

India will adopt its most comprehensive indirect tax reform, the Goods and Services Tax (GST) - on July 1, 2017. GST will help remove tax barriers between states, creating a single market. The roll-out will replace a plethora of...

Paytm Mall appoints Amit Sinha COO

Amit Sinha, a vice-president overlooking business and human resources at One97 Communications Ltd, the company behind the Paytm app, has been appointed as the Chief Operating Officer (COO) of its e-commerce business Paytm Mall, a company statement said on...

Paytm raises US $1.4 billion from SoftBank

Paytm has announced an investment of US $1.4 billion by the SoftBank Group, the Japanese Internet and telecom major, in One97 Communications Limited, the entity that operates India’s largest mobile payments and commerce platform under the Paytm brand. This...

Paytm Payments Bank to launch on May 23

Fintech company Paytm on Wednesday said it will finally launch the operations of its payments bank on May 23. "We are in the process of launching Paytm Payments Bank on May 23. We recently received approval from the Reserve Bank...

SoftBank secures crucial nod from Nexus for sale of Snapdeal to Flipkart

Japan's SoftBank has secured the crucial nod from co-investor Nexus Venture Partners (NVP) for sale of Snapdeal to India's largest e-commerce firm, Flipkart, sources told PTI. According to a PTI report: SoftBank -- the largest shareholder in Snapdeal -- had...

Softbank closer to bringing Nexus on board for Snapdeal sale

Japan's SoftBank is believed to have moved a step closer to securing the consent of co- investor Nexus Venture Partners (NVP) for selling Snapdeal to India's largest e-commerce firm Flipkart. A meeting was held on Wednesday and the impasse over...

Paytm sells over 30 kgs of 'Digital Gold' in six days of launch

Alibaba-backed Paytm said it has sold over 30 kgs of 'digital gold' in six days of launching the service in partnership with gold refiner, MMTC- PAMP. Last week, the two companies had launched 'Digital Gold' service that allowed customers to...

Snapdeal board meeting to discuss selling out to Flipkart

The board of Snapdeal is expected to meet on Tuesday to discuss the potential sale of India's third largest e-commerce firm to larger rival Flipkart. Also, on the agenda will be getting Nexus Venture Partners (NVP), an early investor in...

Paytm unveils Maggi Mystery Box in four flavours

Paytm has unveiled Nestle’s latest Maggi Mystery Box with 4 new exciting flavors exclusively on Paytm and Paytm Mall. Customers can pre-book their favorite noodles box online and deliveries will commence right after the launch on April 22. The company...
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Ex-Zomato executive-owned F&B company Ninecamp Ventures raises Rs 16 cr seed funding

The proceeds will be allocated to enhancing the brand portfolio, acquiring prime real estate, recruiting talent, and investing in...
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