Meta’s revenue declines for first time in its history

Here are the top trending stories from the world of technology. News that we feel every tech enthusiast should keep a tab on. 1) Meta’s revenue declines for first time in its history Image Credits: Flickr BipHoo Company In yet another bad news for Facebook & Instagram’s parent company Meta, the company reported the first ever…

ByGirish ShettiJuly 28, 20220Comments

News

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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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

Funding News

eBay makes Comeback in India with 5.5% stake in Paytm Mall

San Jose headquartered online shopping giant eBay has staged a comeback in India’s burgeoning e-commerce market by picking up 5.5% stake in Paytm Mall. This will be eBay’s second inning in India after selling minority stake in Flipkart few years back to end its maiden Indian journey on an ignominious note. Notably, this minority stake…

ByGirish ShettiJuly 18, 20190Comments

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Paytm Mall’s Cashback scam is now Worth Crores

Paytm Mall said on Tuesday that the size of the recently detected cash back scam could be in the range of Rs 5-10 crore. The scam that is proving to be a PR disaster for the embattled e-commerce firm is currently being investigated by the accounting major Ernst & Young (EY). As a fall out…

ByGirish ShettiMay 15, 20190Comments

News

Paytm Mall hit by Scam, Hires Ernst & Young for Forensic Audit

Paytm Mall – the e-commerce unit of Paytm – has hired the global consulting and auditing major Ernst & Young (EY) to conduct forensic audit into alleged cashback scam in the company. The scam that was unearthed earlier this year has largely put company’s junior to mid-level employees in the eye of suspicion. If reports…

ByGirish ShettiMay 13, 20190Comments

News

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

News

Softbank & Alibaba infuse additional $225 Mn in Paytm Mall

Paytm Mall raises $225 Mn from SoftBank & Alibaba. Gurgaon based e-commerce retailer Paytm Mall has raised $225 Million (nearly Rs 1,500 crore) from Softbank and Alibaba. This funding is a third tranche of the $445 Mn that Alibaba and SoftBank had committed to Paytm Mall in April this year. As per the regulatory filings, SoftBank has…

ByGirish ShettiJune 13, 20180Comments

News

SoftBank may pump $3 Bn in Paytm Mall: Sources

SoftBank may infuse $3 Bn in Paytm Mall. Japanese investment giant SoftBank is seriously mulling to invest $3 Bn in Indian e-commerce player Paytm Mall, according to key sources familiar with the matter. This investment would be in addition to the nearly $500 million investment that Softbank and Alibaba made in the Gurugram based startup earlier…

ByGirish ShettiMay 15, 20180Comments

News

Paytm Mall Receives huge Funding Boost from SoftBank and Alibaba

Paytm Mall raises fresh funds from SoftBank and Alibaba. Paytm Mall, e-commerce division of digital wallet firm Paytm, got a huge funding boost on Monday after SoftBank and Alibaba committed to pump in 2892.5 crore (around $446 million) in the online shopping startup. The latest funding round will reportedly value Paytm Mall at roughly $1.9 billion…

ByGirish ShettiApril 3, 20180Comments

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