Paysharp Earns SOC 2 Certification as Payment Aggregator
Paysharp, a fintech startup that provides UPI solutions and virtual accounts for B2B and B2C payments, has achieved SOC 2 certification, a standard for security and compliance in the payment industry. SOC 2 is an auditing procedure that ensures that service providers securely manage data to protect the interests and privacy of their clients. SOC […]
Paytm and Third-Party Banks: A Financial Services Expansion
Paytm Payments Bank Limited (PPBL), an associate of OCL (One 97 Communications Limited), has received RBI directions under section 35A of the Banking Regulation Act, 1949. The company has announced that it will expand its existing relationships with leading third-party banks to distribute payments and financial services products. RBI directions and user deposits According to […]
Flipkart’s Same-Day Delivery: Coming to 20 Cities
Flipkart’s Same-Day Delivery: Coming to 20 Cities Flipkart, India’s leading e-commerce platform, has announced that it will start offering same-day delivery service in 20 cities across the country from February. Customers who place their orders before 1 pm will receive their products before midnight on the same day. The service will cover various categories such […]
RBI Directs Paytm Bank: Stop New Customers from Feb 29
The Reserve Bank of India (RBI) has imposed additional restrictions on Paytm Payments Bank Ltd (PPBL) due to “persistent non-compliances” with the banking regulations. The RBI has ordered PPBL to stop accepting any deposits or credit transactions or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, NCMC cards, etc. after February 29, 2024. The […]
Aquaconnect Raises ₹33 Cr from S2G in Pre-Series B
Aquaconnect, a Chennai-based full-stack aquaculture platform, has raised ₹33 crore ($4 million) in a pre-Series B funding round led by S2G Ventures. The startup will use the new capital to scale its operations and expand its presence in major aquaculture production states in India. Aquaconnect provides a suite of services to fish and shrimp farmers, […]
Hyderabad’s Kore.ai Secures $150M in Round Three
Kore.ai, a conversational AI company based in Hyderabad, has raised $150 million in a strategic growth investment led by FTV Capital and Nvidia. The company provides an enterprise-grade no-code platform for building chatbots and other AI solutions for various industries and use cases. Kore.ai plans to use the funds to expand its market presence and […]
Cellecor-CashKaro: A Game-Changing Tech Partnership
Cellecor, a premium brand of smart gadgets, has partnered with CashKaro, India’s largest cashback and coupons platform, to offer customers an unparalleled online shopping experience. This strategic collaboration aims to revolutionize the lifestyle tech industry by introducing cutting-edge smart products that enhance convenience, connectivity and intelligence. Cellecor is a Delhi-based company that offers a range […]
Uber’s New Journey Begins in Jammu & Kashmir
Uber, the global ride-hailing app, has launched its operations in Jammu & Kashmir, starting with the capital city of Srinagar. The company will offer its popular UberGo and Intercity services to the residents and tourists of the valley. UberGo is a low-cost option that provides reliable and convenient rides within the city. Intercity is a […]
Marut Drones Unveils India’s First NMDC Mineral Drone
India has witnessed a breakthrough in the mining and exploration space with the introduction of drone-based mineral exploration by Marut Drones, a Hyderabad-based dronetech startup. The company has delivered two customised Octacopter drones to NMDC Ltd, a state-run iron ore miner, which will enhance precision in mineral exploration and mapping for sustainable mining practices. What […]
Meesho Delists 2 Lakh Items After Quality Check
Meesho, the e-commerce platform backed by Softbank, has announced that it has delisted nearly 2 lakh products from its website in the last quarter of 2023 after conducting a quality evaluation based on customer reviews, ratings and feedback. The company has also invested in artificial intelligence to fortify quality checks and reduce the visibility of […]