RBI sets up new branch for Blockchain & Artificial Intelligence: Report

India’s topmost bank regulator Reserve Bank of India (RBI) has formed a new branch to keep pace with artificial intelligence & blockchain. Although RBI is yet to confirm, sources close to the matter claim that this new branch is barely a month old. Sources further add that this new branch is operating on a trial basis…

ByGirish ShettiAugust 28, 20180Comments

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Tendulkar backed startup Smaaash is on the verge of closing $30 Mn round: Report

Sports-based entertainment startup Smaaash is on the verge of closing $30 Mn (Rs 200 crore) funding round. The Sachin Tendulkar backed startup will reportedly use these funds primarily for business expansion plans. The reports about Smaaash raising fresh funds broke out after company’s chairman Shripal Morakhia told a prominent business daily that the company is about…

ByGirish ShettiAugust 27, 20180Comments

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Google & Paytm mall join hands to pick up stake in Future Retail: Report

Google and Paytm mall may come together to form consortium for picking up 7%-10% stake in Future Retail Ltd (FRL), people privy to the matter claimed. Sources claimed that the consortium is planning to invest Rs 3,500-4,000 crore in Kishore Biyani’s company, which owns super market chain Big Bazaar. This consortium will be competing against U.S.…

ByGirish ShettiAugust 27, 20180Comments

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Billionaire Warren Buffett may pick up stake in Paytm: Report

Warren Buffett, founder & chairman of Berkshire Hathaway Inc, is reportedly in talks to pick up small stake in Paytm’s parent company One97 Communications Ltd. According to sources privy to the matter, India’s largest digital payment has been holding talks with the famous American billionaire since February this year. Sources are claiming that Paytm aims to…

ByGirish ShettiAugust 27, 20180Comments

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Myntra plans to foray in Offline space for Cosmetic Products: Report

Online fashion retailer Myntra is reportedly planning to make foray in brick & motor space for selling beauty & cosmetics products. Sources claim that Flipkart owned retailer has already started scouting for spaces in prominent malls across big cities. People familiar with matter further claimed that Myntra is planning to open the first store in Bengaluru…

ByGirish ShettiAugust 24, 20180Comments

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Spicejet’s Chief Ajay Singh may invest in Silicon Valley based startups: Sources

Spicejet’s chairman Ajay Singh is reportedly holding discussions with an American venture capital firm for investing in Silicon Valley based startups. The VC firm has been identified as JetBlue Technology Ventures - the venture capital arm of U.S. based low cost carrier JetBlue Airways. According to sources, Singh is interested in startups that could contribute to…

ByGirish ShettiAugust 24, 20180Comments

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eBay is Staging a Comeback in India with Export Business: Report

It seems that Ebay Inc has no plans to give up on India. The American e-commerce giant, which ended its strategic partnership with Flipkart following the Walmart deal, is all set to play its second inning in India. According to reports, Ebay is planning to start an export business for Indian sellers. It may look to…

ByGirish ShettiAugust 23, 20180Comments

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Car & bike sharing startup Quick Ride in talks to raise funds

Bootstrapped car & bike sharing startup Quick Ride is in discussion to raise its first-ever external funding. Sources close to the matter claimed that the startup is in discussion with Sequoia Capital to raise $4 million. Both Sequoia Capital and Quick Ride have so far declined to comment on the fundraising report. Car & bike sharing startup…

ByGirish ShettiAugust 23, 20180Comments

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UPI Payment app Google Tez is likely to be renamed as Google Pay: Sources

Google Tez, one of the top three UPI payment players in India, is soon likely to get a new name. Top sources have hinted a leading business publication that Google Inc. has decided to merge Google Tez with its global payment services Google Pay. Google Pay was created earlier this year after unifying together old…

ByGirish ShettiAugust 23, 20180Comments

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Jaipur based Recommerce startup InstaCash receives undisclosed funding

Recommerce startup InstaCash has secured undisclosed funding from Singapore headquartered recommerce company CompAsia. CompAsia sells quality refurbished smartphones and tablets in Singapore and other Asian countries. InstaCash will use the funds to consolidate its presence in India and lucrative foreign markets such as Southeast Asia and East Asia. The Jaipur based company enables consumers to sell…

ByGirish ShettiAugust 22, 20180Comments

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