FinTech

Finance & Funding

PhonePe raises $100 million in additional funding at $12 billion valuation

PTI -
Fintech firm PhonePe has raised about Rs 828 crore in primary capital from new investors Ribbit Capital and TVS Capital Funds with participation from existing investor Tiger Global New Delhi: Fintech firm PhonePe has raised another $100 million (about Rs...
Big Grid

Walmart pays most of tax bill arising from shifting of PhonePe headquarters to India

PTI -
Walmart Inc and other PhonePe shareholders faced nearly USD 1 billion as capital gains tax after the digital payments company shifted its headquarters to India New Delhi: US retail giant Walmart has paid the taxes arising from the shifting of the...
In Focus

RBI pauses onboarding of online merchants by Paytm Payments Services; firm says no material impact on biz

PTI -
Paytm will not onboard new online merchants till the time approvals from RBI remain pending. It will, however, onboard new offline merchants and offer them payment services New Delhi: Banking regulator Reserve Bank of India (RBI) has put a pause on...
E-Commerce

Paytm Commerce turns operationally profitable: Analyst

PTI -
Revenue from its commerce business increased 49 per cent y-o-y due to higher ticketing sales. One97 Communications, which owns the Paytm brand, has set a target to post operating profit by September 2023 New Delhi: Financial services firm One97 Communications’ commerce...
Retail

Mergers: The road to success for the e-commerce industry

Dr D K Batra -
Experts have long believed that 2016-17 will witness a large number of mergers and acquisitions in the startup industry and the recent merger of Goibibo with Make My Trip has only corroborated this supposition. Indeed, the corporate appetite for mergers and acquisitions has increased...
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Fashion & LifestyleIndiaretailing Bureau -

What is Active Directory and why do fashion brands need to protect it?

With the fashion industry being the fourth most-targeted sector by threat actors, it’s never been more urgent for the...
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