RBI makes Interoperability compulsory for mobile wallet and prepaid cards by 31 March 2022

Reserve Bank of India made it mandatory for Prepaid Payment Instrument (PPI) or Mobile wallet like Paytm, Google pay, PhonePe, Amazon pay, MobiKwik will have to be introspectable from April 2022. So, what does it mean for the wallet and PPL users? This means the mobile wallet or PPI user whose KYC (know-your-customer) is completed fully will be able to send...

Paytm coming with Rs. 16,600 Cr. IPO by the end of the year

The Noida-Based company is expected to release its DPHP (Draft Red Herring Prospectus) in the coming weeks and anticipate coming with an IPO by the end of 2021. Shareholders of Paytm’s holding company on Monday approved a resolution in its extraordinary general meeting, according to which, the company will come with an IPO of Rs. 16,600 Cr. in which Rs....

MobiKwik IPO: DRHP files for Rs. 1,900 Crores

Gurugram based Fin-Tech company MobiKwik is coming with the IPO soon. As per its Draft Red Herring Prospectus (DRHP) filed to SEBI, the company will offer Rs. 1,900 Cr. of equity shares. This Issue is worth Rs. 1,900 Cr. includes fresh issue of shares (IPO) of Rs. 1,500 Cr. and OFS (Offer for Sale) worth Rs. 400 crores comprising Rs....

Samosa Party leveling up our all-time favorite snack

No one say no to samosa. It’s one of those snacks that hardly anyone will say no for. Whether it’s tea time or a party, samosa on the menu will never be a mistake, and especially when it has started coming up with many filling options. With the same set of minds, Amit Nanwani and Diksha Pande established a business...

PhonePe in talk to buy India Mobile platform Indus OS for $60 Mn

Walmart-owned digital payment and financial services company PhonePe is going to acquire Samsung backed Indus OS, an indigene mobile platform that works as a third-party mini android app store. The deal has yet to close, and as per the sources, it values at $60 Million. Following the deal, the investors of Indus OS will leave the company with cash, and...

Meesho coming with its first Festive Sale event from 6th to 9th October

Meesho, which is a B2B e-commerce platform, is ready to start its festive four-day event sale. Its competitor Amazon India, Flipkart, and Myntra are old in the line and have already started their festive season sales from 3rd October. Vidit Aatrey and Sanjeev Barnwal founded Meesho in 2015, a Bengaluru-based startup that has recently joined the unicorn category. It’s...

Quicqo Uplifting AC Technicians After Covid-19 Era

Last year was challenging for all of us. Coronavirus has triggered a global health crisis. The economy has harshly affected world-wide. The service sector is one of the industries which tremendously fallbacks. This leads to employees, including white-collar and blue-collar, who work without pay, goes for indefinite leave, and also get fired from their jobs. "As per an ET report,...