MobiKwik to take on Paytm with new funding round

Paytm, India’s leading wallet and payments company now backed by high-profile investors like Alibaba and Softbank, has always been on the top when it comes to digital payment market in India. Call it the first mover’s advantage at work. On top of that, last year’s demonetization came like a sweet spring for the whole online transaction business in India. Paytm was the biggest gainer of demonetization among all wallet businesses in India. But, there is …

The Impact Of WannaCry Or WannaCrypto Ransomware

WannaCry or WannaCrypto ransomware attack took the world by storm this year taking down more than 230,000 computers within a day! The attack was reported on 12th May, 2017 and since then, the malware has spread globally affecting organizations, banks and services all over the world. NHS or British National Health Service has been compromised due to the attack. They are not even able to accept patients or perform operations due to the damage done …

UberEATS enters India with a promise to deliver food within 35 minutes

Uber, the taxi hailing app that also runs food delivery service named UberEATS in countries like Australia, UK, US etc. has launched UberEATS in India. Starting its business in the year 2014 in Los Angeles, UberEATS dominates food delivery space in 26 countries across the world and has a presence in total 78 cities, now including Mumbai as well. Uber has finally launched its food delivery app UberEATS in India starting with Mumbai city. They …

Electric scooters startup from India secures $1.6 million in funding

Twenty-two motors, never heard of it before? Probably because they were busy developing more affordable and smarter electric vehicles tailored specifically for the young India. This Gurgaon based EV startup recently came out in limelight announcing a successful fund raise of $1.6 million in its first pre-series, a funding led by Haryana Industries CEO Ishwar Singh. The company plans to launch its first smart scooter at next Auto-Expo in February 2018. The company was incorporated …

eBay India acquisition and fund raising by FlipKart

India’s largest and most successful e-commerce platform Flipkart has finally put all the rumors to rest on Monday by confirming a successful fund raise of USD 1.4 billion at a post-transaction valuation of  $11.6 billion, a notable drop of 3.6 billion from its May 2015 valuation. Although, not completely in Flipkart’s favor, the move surely strengthens their arsenal with big names like strategic investor Tencent, ebay and Microsoft. With Alibaba’s speculated entry in India by …