BUSINESS
Paytm launches a ‘mini-app store’ within its own app
The move by Paytm is expected to benefit many Indian developers who want to build cheap and easily accessible web-apps to consumers in the country
BUSINESS
Covid rescues coworking startups as firms look at hot-desking, 'flexible offices'
Several startups and tech companies are considering coworking spaces as they want offices where staff can come in on a rotational basis and they can save money on infrastructure.
BUSINESS
UPI growth journey continues, IMPS and FASTag cross pre-COVID volumes: NPCI data
As the country tries to limp back to some degree of normalcy, economic activity is showing slow signs of recovery. Digital payments across UPI, IMPS and FASTag are getting back to pre-COVID levels and gaining fast.
BUSINESS
India tries to beat the pandemic, the health-startup way!
With an entire nation waking up to the need to check lifestyle diseases to fight the pandemic, health startups are sniffing out new business opportunities, trying to ramp up their user base, strengthen revenue streams and expand business.
BUSINESS
This Indian startup is helping the army keep the borders safe from Chinese incursions
Tonbo Imaging, based in Bengaluru, develops surveillance systems to help soldiers defend against enemy incursions and airforce carry out covert reconnaissance missions.
BUSINESS
Zeta appoints Abhishek Sen as new COO
Abhishek Sen comes with years of experience at large firms like Myntra, Aon, SAP Labs, Britannia and others.
BUSINESS
SquadStack raises $5 million in Chiratae Ventures-led funding round
The New Delhi- and San Francisco-based startup helps companies improve their sales funnel efficiency using analytics and data. The company wants to use the funds for product development, and for expanding the data science teams in India and the US.
BUSINESS
Heydays ahead for online grocery, market size to zoom to $18 billion by 2024
A report presented by Redseer with BigBasket estimates a 57 percent CAGR for online grocery, followed by organised retail which will grow at 16 percent, traditional retail will grow the slowest, but continue to be more than 90 percent of the overall food and beverages industry.
BUSINESS
Zomato says food delivery business has recovered to almost 85% of pre-COVID levels
The Gurugram-based company has said a few cities like Delhi and Mumbai have recovered to 90%, while others like Kolkata, Ranchi, Jamshedpur have completely recovered. Bengaluru, Hyderabad and Chennai are lagging behind a little.
BUSINESS
Zomato says food delivery business has recovered to almost 85% of pre-COVID levels
The Gurugram-based company has said a few cities like Delhi and Mumbai have recovered to 90 percent, while others like Kolkata, Ranchi and Jamshedpur have completely recovered. Bengaluru, Hyderabad and Chennai are lagging behind a little.
BUSINESS
Servify raises $23 million in series C round of funding
The startup will use the funds to expand its team and enter into the home appliances segment
BUSINESS
Finance Ministry move on merchant discount rates killing RuPay cards: Study
IIT Bombay study says since there is nil merchant discount rates on the card, banks may not be able to make any money on RuPay card transactions. As a result, Visa and Mastercard are gaining.
BUSINESS
Explainer: How card payments via Google Pay work
Customers of Axis Bank and SBI Card can now use their cards to transact via Google Pay. Others are also in talks with Google Pay to roll out the service. We break down how it works, what it means for customers and how Google will benefit.
BUSINESS
With net profit of Rs 4.3 crore for FY20, digital lender RupeeRedee gets into the black
Company tells Moneycontrol it has been unit-level positive since its inception in 2018, having processed around 1.5 lakh loans from 30 locations across India.
BUSINESS
How to reopen businesses during COVID times: Two startups get into the hand-holding act
While Teamlease advises large corporates on restarting businesses, keeping employees safe, Zuper is coming to the aid of the field staff of many firms. Teamlease is currently conducting COVID-19 audit for 10 companies, and are in talks with 50 more.
BUSINESS
Google Pay to get whole new avatar soon
The search engine giant said it will unveil a new UI soon, and beta testing of the update is already on for users in India and Singapore.
BUSINESS
Explained: Why was Paytm removed from Google Play Store and what it means for other gaming platforms
In the afternoon news broke about Paytm being pulled down from the Google Play Store, by evening the app was restored. Moneycontrol looks into the whats, hows and the whys around this interesting development.
BUSINESS
Here’s why startups are engaging designers to work on their apps and products
Designers are now an integral part of product teams at startups. Their job: making every product intuitive and comfortable for users. Design is a critical element that can help players stand out in the cluttered and fiercely competitive Indian startup ecosystem.
BUSINESS
EXCLUSIVE: Indian startup sector is booming, we are scaling up our presence: Navdeep Manaktala of AWS
Amazon Web Services (AWS) is one of the largest cloud service providers in India. Increasingly, startups are being built on cloud as in-premise servers have multiple challenges. In India, AWS is working with startups and doubling down in building services for the fintech segment.
BUSINESS
Dozee raises Rs 12.5 crore from Prime Venture Partners, others
Dozee offers a contactless health-monitoring service. The Dozee app will constantly track the heartbeat of the user and analyse any sort of unnatural behaviour. The company will use the fresh capital to partner with more hospitals, and to expand its consumer base.
BUSINESS
These 5 regulatory changes could have a major impact on the digital payments ecosystem
The RBI issues new guidelines and rules around digital payments from time to time. We walk you through five new rules issued by the central bank in the last few months that will be extremely critical
BUSINESS
A good majority has neither ordered food from outside nor eaten out in the last 60 days: Survey
This was how 72 percent responded to the LocalCircles survey that received 33,000 responses in 240 districts. This trend, says the survey, is likely to stay for over the next 60 days.
BUSINESS
Investment startup Groww raises $30 million from YC Continuity, others
The Bengaluru-based platform wants to strengthen its tech, product and engineering segments . Part of the money will be utilised to power an educational initiative about financial markets across India. This is YC Continuity’s first investment in India.
BUSINESS
Why the fintech lending industry will have a tough time in the months to come
Industry insiders say repayments by low-income group borrowers will see massive defaults in the wake of the COVID-19 induced economic contraction. The good news is that the salaried, white-collar segment is holding on, while some businesses are showing signs of life.
