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Fashion portal Elitify.com to raise Rs 13 crore

Gurgaon-based Elitify.com is looking forward to raise Rs 13 crore and currently, it is in talks with potential investors including Paytm. The company is also looking for a partner who not only has access to capital but also deep...

Ola's business head resigns

To start his own venture, business head of Ola, Rushil Goel, has resigned from his duties and responsibilities. He had a year-long stint with the Bengaluru based company and was heading all initiatives at Ola Money. Ola started its dedicated...

Amazon India applies for e-wallet licence

Amazon India has applied for a semi-closed wallet licence with the RBI to build its presence in the payment space. It is expected that a Central Bank Committee will review the application next month. And soon after the approval,...

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...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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