Paytm Mall Shifts to Bengaluru; Rejigs top Management

Paytm Mall, the e-commerce unit of One97 communication, has shifted its operational base from Noida to India’s Silicon Valley Bengaluru. Since past few days rumor mills were already abuzz with the report that Paytm Mall is mulling to change its headquarter location. Following this decision, the SoftBank and Alibaba based company has offered the flexibility to…

ByGirish ShettiJune 1, 20200Comments

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Dunzo Debuts on Google Pay for Delivering Essentials

Personal Concierge app Dunzo has partnered with digital payment major Google Pay for delivering essential products. With this partnership, Google Pay has integrated Dunzo app on its platform as a strorefront for delivering groceries and other essentials. Dunzo app’s integration in Google Pay is hardly surprising, considering that the former is a Google backed company. In…

ByGirish ShettiMay 29, 20200Comments

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Paytm Mall in talks to pick up stake in Grofers and Milkbasket

Paytm Mall, the e-commerce arm of Paytm, is planning to shore up its grocery business by trying to pick up stakes in two startups that boost strong presence in the grocery segment. These startups are SoftBank backed Grofers and Unilever & Innoven Capital funded Milkbasket. According to sources privy with the matter, SoftBank (a common investor…

ByGirish ShettiMay 29, 20200Comments

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Uber India fires quarter of its workforce in the country

Uber India on Tuesday announced that it will furlough nearly 600 employees in the country. The announcement was on the expected lines, after Uber having laid off almost 6,700 employees globally over the last few weeks. Image Source: Flickr The announcement has come barely days after Ola - regional rival of US-based ride-hailing giant – announced that…

ByGirish ShettiMay 26, 20200Comments

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Zomato Promotes Mohit Gupta to co-founder position

The trend of promoting a top executive to position of co-founder is a rare thing for Indian startups but Zomato has now done this rare thing twice in a matter of one year. After elevating COO Gaurav Gupta to co-founder position last year, the foodtech major has now promoted Mohit Gupta, CEO of food delivery…

ByGirish ShettiMay 25, 20200Comments

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LendingKart latest startup to be hit by COVID-19 crises, lays off 30% Workforce

The unprecedented crises brought forth by coronavirus pandemic have put most startups on a survival mode. Nearly almost all startups have now opted for mass layoffs as they clamor hard to preserve their cash reserve to weather the storm. Ahmedabad based LendingKart has now become the latest startup to opt for mass layoff, after Economic Times…

ByGirish ShettiMay 23, 20200Comments

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Paytm claims its Business Khata has clocked Rs 1500 crore in transactions

India’s leading digital payment and financial services company, Paytm, announced on Friday that its recently launched e-ledger service ‘Business Khata’ has recorded INR 1500 crore transaction. With this milestone, ‘Business Khata’ has become India’s fastest-growing e-ledger service, according to statement issued by the company. Paytm said that Business Khata received overwhelming response from customers during the…

ByGirish ShettiMay 22, 20200Comments

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Twitter backed ShareChat is the latest Startup to opt for Mass Layoff

Bengaluru based ShareChat has joined the layoff bandwagon, after the company announced on Wednesday that it will lay off 101 employees as a part of cost cutting measure. ShareChat’s Co-founder and CEO Ankush Sachdeva announced the layoff decision through a mail that was sent to all employees on early Wednesday morning. Economic Times accessed the copy…

ByGirish ShettiMay 20, 20200Comments

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To Cope with COVID-19 Impact, Zomato to furlough 13% of its Staff

With nationwide lockdown severely impacting the restaurant business, it was but natural that the businesses of foodtech majors like Zomato and Swiggy will face a huge brunt. Therefore it did not come as a huge surprise to anyone when Zomato on Friday announced that it will lay off nearly 13% of its workforce. Image source: Flickr The…

ByGirish ShettiMay 15, 20200Comments

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Paytm Payments Bank starts ‘Cash at Home’ facility for senior citizens in Delhi NCR

Paytm Payments Bank Ltd on Friday announced the launch of ‘Cash at Home’ facility for senior and differently-abled citizens. This initiative will be exclusively run in the Delhi NCR region and is specifically aimed to protect senior and differently-abled citizens from coronavirus. Image Courtesy: Paytmbank.com The newly launched service will enable them to raise cash withdrawal requests…

ByGirish ShettiMay 15, 20200Comments

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