• NEWS
    Flipkart, Paytm founders lead $1 million investment round in online learning platform Unacademy

    Image credit: Unacademy – YouTube Online learning startup Unacademy has secured $1 million (approximately Rs 6.7 crore) in an investment round in which entrepreneurs such as Flipkart co-founders Sachin Bansal and Binny Bansal as well as Paytm founder Vijay Shekhar Sharma participated. The round, led by Blume Ventures, is the second such for the company, which […]

  • NEWS
    Will Flipkart, Snapdeal, Amazon, Paytm have to stop online discounts?

    Photo: Pradeep Gaur/Mint Bengaluru: One would expect Internet companies to cheer the fact that India allowed foreign direct investment (FDI) in e-commerce marketplaces on Tuesday. As usual, however, the devil is in the details, in particular two conditions attached to the approval of FDI in e-commerce. One, no group company or seller on a marketplace […]

  • NEWS
    Paytm acquires Shifu for $8 million

    Photo: Bloomberg New Delhi: Payments solutions provider Paytm, run by One97 Communications Pvt. Ltd, has acquired consumer behaviour prediction and recommendation platform Shifu for $8 million, the company said on Monday. Delhi-based Shifu, run by Signal Inc., started operations in August 2012. It mines the smartphone usage patterns of users and makes personalised recommendations to […]