Japanese technology company Hitachi has acquired Prizm Payment Services, a Chennai based ATM & POS system provider backed by Sequoia Capital, Axis Bank and Winvet Holdings.
India’s central bank has said that all new point of sale devices issued by banks that accept electronic cash must come with bio-metric scanners that can work with Aadhaar, the unique identification number rolled out by the Indian government.
Naspers paid $140 mn for 8.6% in Flipkart in July. At the time of investment, Flipkart would have been valued at $1.6 bn.
E-commerce major Amazon is setting up logistics services in the country, starting with a pilot in Delhi- NCR region.
Starting up is hard. Bringing up a baby is hard. Now imagine doing both together! Meet Richa Dikshit, the founder of Yellow Giraffe, an e-commerce store for toys.
San Francisco based mobile payments company Boku has acquired Qubecell, a one year old startup in India for an undisclosed amount.
It is now up to Malviya and his army of engineers to keep the company ahead of the technology curve, even as Amazon brings world class tech to tap India’s growing e-commerce market.
Founders had to split $36,000 between themselves while venture capitalists took home the rest of the money. One of the five founders, was left with $99.
2.5 Lakh Villages to Get Wi-Fi Hotspots in India; Karnataka Wants Every Family to Be Internet Literate
Here’s more talk from the Government about making 2.5 lakh panchayats in India Internet enabled.
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