How an online payments firm went from Rs 1 crore to 90 crore in revenues in 5 years
When Jitendra Gupta started online payments service CitrusPay in 2011 with Amrish Rau, not many companies or customers used online payments, and fewer still were in the space.
'Walmart paid Rs 7,439 crore tax on Flipkart deal; did not deduct taxes from 34 shareholders'
US retail giant Walmart Inc had on September 7 ...
Indian internet market will take time and money to mature, too early to think about exits: Naspers CEO
Naspers, one of the earliest and large...
Have complied with tax obligations in Flipkart deal: Walmart
Of the 44 shareholders of Flipkart who have sold stake to Walmart, the significant ones include SoftBank, Naspers, venture fund Accel Partners and eBay. Also co-founder Sachin Bansal has sold his stake to the US retail major.
Naspers leads $80 million delivery for Swiggy
The company is believed to have been valued at $400 million as part of the current round.
PayU says India business set to turn profitable in 2 months
In an exclusive interview with ET's Pratik Bhakta its global CEO Laurent le Moal and India CEO Amrish Rau talk about how PayU sees digital bank as the ultimate aim here.
Swiggy names former P&G executive Vivek Sunder as Chief Operating Officer
As COO of Swiggy, Sunder will be responsible for the company's operating units and be tasked with accelerating Swiggy’s mission of making the lives of consumers more convenient and hassle-free.
Ola moves financial unit out of parent ANI Technologies
Ola aims to raise capital separately for the independent entity and will pit it directly against larger rivals like Paytm, Google Pay, PhonePe. Short-term credit, mobile wallet, insurance and utility bill payments are some of the services housed under Ola Money.
Digital lending startups enter classrooms to grow business
While it might push up interest rates, in many cases institutes are open to bearing the interest rates, since quick financing options give them more applicants.
PayPal in talks with PhonePe for funding
PayPal, which has been looking to get a toehold in the fledgling but fast-growing domestic digital payments industry, had nearly closed a funding round with Snapdeal's Freecharge last year, but the deal fell through.
Fintech startup EarlySalary buys CashCare to grow
EarlySalary, which is in the business of short-term loans for young people without any borrowing history, is planning to expand into the consumer-financing business with this deal.
Mswipe to run PayU's offline POS business
PayU had an offline merchant acquisition team and has so far acquired over 9,000 offline merchants in the country.
Naspers set to acquire Citrus Pay; deal expected between Rs 1,000 crore-1,200 crore
Under the proposal, Mumbai-based Citrus Pay will be absorbed by PayU, the online payments service provider owned and operated by the Cape Town-headquartered giant.
ET Awards: Want 30% pie beyond food delivery, says Swiggy
Swiggy & rival Zomato were burning $30-40 million monthly on discounts, the latter is looking ahead now.
Ola ropes in PayU India's Nitin Gupta to lead financial services business
The company is looking to leverage the high frequency and data of the captive customer base, and could also be eyeing a payment bank license for the business, said two sources familiar with the matter.
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