US start-ups crash and burn frequently, so why the concern about start-up losses in India? The principal reason, says Kanika Datta, is that Indian start-ups clone ideas from the US. Flipkart, Ola, Oyo, Paytm are all variations of ideas developed in the US.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
Smaller Singapore- and US-based venture capital funds, retail associations and trader bodies such as the CAIT and SJM are all planning to approach the government to put pressure on the commerce ministry.
Many of India's fintech entities and banks have stored all their customer data in India; however, many do use foreign servers, for operations, providing services and for data analytics.
The term sheet with Flipkart could be signed within this week and the due diligence for the deal would commence immediately thereafter.
Tata has emerged as a major venture capital investor since his retirement.
Takes on UberEats, Swiggy; experts question cash burn.
Following their passion paid off for Harsh Jain and Bhavit Sheth with their fantasy sports platform Dream11 entering the unicorn club with a valuation of over $1 billion.
Cryptocurrency exchanges face issues with their current bank accounts.
Overall, cumulative direct investment from China stood at just $2.05 billion till June 2018, according to consolidated DIPP figures
Agriculture, social services, education, defence and so on will be brought into the digital fold and every gram panchayat will be connected to the internet.
The Jharkhand cricket team, including their captain Mahendra Singh Dhoni, on Friday escaped unhurt after a fire broke out at a five star hotel in Dwarka, New Delhi leading to postponement of the Vijay Hazare Trophy semi-final against Bengal.
'More than 114 cases have been registered for spreading fake messages, rumours and fake news on WhatsApp.' 'People on various groups are reporting such crimes.' 'The most heartening development is people are now not tolerating such things.'
It is not clear whether the drop in offers is a fallout of demonetisation.
Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn
'I don't think I can go back home before the lockdown is lifted because Nitishji has said he will not allow students from Kota to return.'
Investors need to evaluate the offerings of a broker in totality before selecting one.
Facebook, Airbnb, Paytm, eBay join the film's cast of brands, look to connect with young audiences.
Might opt for salaried employment after failure of his latest venture
Reliance has announced that it will roll out its e-commerce platform to as many as 1.2 million retailers and store owners in Gujarat. This is part of a nationwide roll-out that will come later this yea, reports Viveat Susan Pinto.
Samsung is lining up new products, increasing focus on e-commerce channels and tightening its grip over retail outlets.
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
The West Bengal chief minister also accused the PM of 'removing crucial files' related to demonetisation.
The friction between the BCCI's top brass and the Committee of Administrators (COA) again came to the forefront when the distribution of complimentary passes for the third India-i Lanka T20 International led to a tussle between the two sides.
With the use of e-wallets gaining momentum after the note ban, e-wallet service providers have doubled down on developing new security features in their apps. Sharath Chowdary reports.
Ola wants to be India's answer to Grab, which is into everything, starting from cab service and logistics to bike taxis and food and grocery delivery.
India turns talent backyard for Southeast Asian taxi apps to fight Uber.
The police have almost no way of tracking the $200 billion plus money flowing online during this World Cup.
It is not easy for an FMCG brand to make a comeback if it has been out of consumer's reckoning for some time. Moreover, a protracted battle between the owners and then closure of a large number of outlets at one go might have sent some very negative signals to many, says Sneha Bhattacharjee.
Three businessmen disclose their success mantras: One belongs to an old Marwari family, another is a second generation industrialist whose father scripted an amazing rags-to-riches story and the third was a professional till one day he succumbed to the charms of entrepreneurship.
Beware of spot offers and discounts aimed to lure you into binge buying.
Uber had run into trouble with the RBI over the two-payment process
Tinesh Bhasin explains the pros and cons of trading in gold 'options', which were introduced in India this Dhanteras
Ratan Tata has made investments in his personal capacity in more than 15 start-ups over the last 20 months.
ICICI Bank says it blocked all UPI transactions made through PhonePe due to security concerns.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
'Last time, there was an incumbent and a challenger. This year, the roles have been reversed.' 'The challenger is the incumbent and the ones ruling then are now the challengers.' 'So, the realities have changed and so have the electorate's expectations.'
IPL team Gujarat Lions has created a digital platform for fans to interact with each other and the team.
The hacking group say they will release information on those who help mask the rich.
Infosys co-founder Kris Gopalakrishnan said Flipkart and Snapdeal have made a mark in the start-up world.
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