In Paytm Payments Bank, One97 Communications owns a 49 percent stake and Vijay Shekhar Sharma owns 51 percent.
The 1001 startup idea this week is to establish a platform which will crowdsource commercial and residential real estate lease and sale information.
The funding is an extension of the equity financing round of about USD 100 million in March.
Foodpanda runs both marketplace and the delivery business for its partner restaurants in India. It currently works with over 12,000 restaurants across 100 cities in India
Under the new rules, details furnished by e-commerce companies will be verified against the details provided by the merchants, which can reign in discrepancies in payments
Housing finance company, Ummeed Housing Finance on Monday said it has raised Series B funding of USD 5.6 million from existing investors Lok Capital Growth Fund and Duane Park
Some employees are of the opinion that the amount worth about 4-6 times of their monthly salary is being offered is just to make sure that no roadblock happens from their end as due diligence is underway
Have a business idea in your head? That’s not enough! Pull it out and spread it on a paper
Japanese conglomerate Softbank today said that it has freezed USD 93 billion capital for its Softbank Vision Fund that will be invested in the technology sector and expects total commitment in it to reach USD 100 billion in six months.
Meet Shilpi Yadav who has setup Kharakapas which means pure cotton. This fashion startup is focused on creating designs with minimalist cuts using pure organic cotton that is sourced from small weavers across the country. CNBC-TV18's Megha Vishwanath visited the manufacturing facility in Gurgaon to find out more.
Meet the mind behind TheLabelLife.com - an online portal that merges commerce, content and celebrity status.
Watch Young Turks revisit Sanjay Garg's label Raw Mango a brand that has been adding value and innovating on the loom since 2008.
Taxi operators and online cab aggregators currently collect about 6 percent service tax (including cess), from passengers
Those hotels with room rentals between Rs 1000-2500 will be taxed at 12 percent, much lower than what they charged their customers earlier
Son describes the fund as essential for setting up SoftBank for a data "gold rush" which he expects to happen as the global economy becomes increasingly digitised
Answers are vague, but the startup ecosystem is abuzz with one Chennai-based startup advisor exposing real identity behind an anonymous Twitter handle. Will it lead to end of the whistleblower called Unicon Baba, everybody is asking
The development comes at a time when Softbank has concluded $1.4 billion deal in Paytm and is also leading a very crucial merger of one of its portfolio companies Snapdeal, with larger rival Flipkart
Even as it looked at traditional ways to boost employment and revive industry, the Modi government went one step further. It recognised the need to promote entrepreneurship among India's youth and this took the form of a new mission -- Startup India. As the Modi government completes three years in office, just how effective has this 15-month old programme been? CNBC-TV18s Rukmini Rao and Farah Bookwala Vhora find out.
Softbank's USD 1.4 billion investment for a 20% stake in Paytm could open a plethora of opportunities for the Noida-headquartered mobile payments and commerce company.
From leading tech multinationals to startups, 13 homegrown companies found a place in the list.
Vijay Shekhar Sharma-led e-wallet firm Paytm has raised USD 1.4 billion from Softbank Group Corp making it one of the largest funding rounds in the wallets space in India
Chai Point has entered the snacks segment with jaggery chana and is now competing with Cafe Coffee Day with its BoxC dispensers for coffee and tea inside corporate offices
"The database includes emails and password hashes of registered Zomato users while the price set for the whole package is USD 1,001.43 (BTC 0.5587). The vendor also shared a trove of sample data to prove that the data is legit," says a post by Hackread. BTC stands for Bitcoins here.
WealthApp aims to help the middle-income groups and retail investors simplify their financial planning and wealth management process.
The company currently works with over 4000 clients such as HotStar, Sony, McDonalds and Cleartrip among others