Foodpanda, owned by ride-hailing company Ola, has posted a wider loss of Rs 756.42 crore for FY19 compared to the previous fiscal, as per regulatory documents. Pisces Eservices, which operates Foodpanda, had registered loss of Rs 227.95 crore in FY2017-18, documents filed with the Corporate Affairs Ministry and accessed by business intelligence platform Tofler showed. […]

Payments banks — including those floated by Paytm, Reliance Jio, Airtel and Fino — saw their aggregate losses mount 21% to Rs 626 crore during fiscal 2019 from Rs 516 crore in the previous year. “The limited operational space available to them and the large initial costs involved in setting up of the infrastructure imply […]

The Reserve Bank of India has given Indian consumers a new option to make their daily payments at local shops and retail outlets for the purchase of daily household goods and services. In a bid to give increased impetus to small ticket digital payments RBI on Tuesday has introduced a new Prepaid Payment Instrument (PPI) […]

Digital-first brands such as BoAt, WoW Skin Sciences, MamaEarth and LifeLong have hit Rs 100 crore in revenue run rate within 24-36 months of launch, a milestone that used to take at least five years earlier, investors said. The brands — in the personal care, FMCG, electronics and appliances sectors — achieved traction quickly as […]

In a TikTok video with the hashtag #awesomekiss, viral teen star Charli D’Amelio uses an eos Products lipbalm before kissing the screen and transforming into a dancing, costumed Santa in an ad for her 12 million followers. Just over a year after TikTok officially launched U.S. brand partnerships, major brands are tapping influencers on the […]

By Julie Verhage and Jenny SuraneFinancial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe to Chime to Plaid– have garnered valuations of more than $1 billion in recent years, according to CB Insights. Personal loans […]

Despite a crackdown by Amazon, sellers on the platform are continuing to purchase fake reviews for around 15 euro each (about Rs 1,200), according to a Daily Mail investigation. The companies selling fake reviews to sellers rely on an army of “testers” who buy the products to post the four and five-star reviews online, said […]

Chinese social media firm ByteDance has no plans to sell part or all of its TikTok app, the short video platform’s head said on Tuesday, denying a media report which said the company was currently weighing options to do so due to U.S. concerns. Bloomberg reported on Monday that the company was considering a TikTok […]

Visa is set to comply with India’s data localisation norms, and process all domestic transactions locally at the newly created data centres in Bengaluru and Mumbai, the global payment major’s group country head, India and South Asia, T R Ramachandran tells Ashwin Manikandan in an exclusive interview. Edited Excerpts: Where does Visa stand on its […]

In the not-so-distant past, TV viewers were forced to wait a week for the next installment of their favorite shows, parceled out by networks in half-hour or hour-long increments. Fast forward to 2019, when media and tech companies are subverting that schedule and the majority of viewers using U.S. TV streaming services watch an average […]