Tiger Global’s Stake In Razorpay To Increase With ESOP Buyback Plan

US-based hedge fund and venture investor Tiger Global Management is buying back the shares of 140 employees at payments firm Razorpay via an employee stock option (ESOP) plan, a statement by the Bengaluru-based startup said. The investor is buying the…

India Has Already Hit Record Number of $1 Billion Startups This Year

You get a clear sense of Policybazaar’s target audience the first time you watch Yama, the Hindu god of death, drag a bedridden man to hell for failing to buy insurance. In a series of melodramatic TV spots, the fearsome deity,…

Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes

As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…

Digging Deeper – Data localisation: RBI deadline ends

The RBI's deadline of 15 October for all payment system operators to comply with the central bank’s data localisation norms just went by. Companies like Visa, American Express, Facebook, PayPal, Mastercard, Google and WhatsApp are required, as per the Reserve…

Visa, Mastercard, Amex In Breach As Deadline For Data Localisation Passes

As the deadline for payment companies to comply with the Reserve Bank of India’s (RBI) data localisation rule ran out, major payment network players, including Visa and Mastercard, were in breach. While there was no official word on the status…

RBI Unlikely To Extend Oct 15 Deadline On Data Localisation

The Reserve Bank of India is unlikely to extend the October 15 deadline for the payments ecosystem players to set up a facility to store transaction-related data in India. Those players that do not comply with the central bank’s April…

Why Indian Startups Are Worried About GDPR Complaince

Indian companies, including startups, have been trying to make sense of the European Union's General Data Protection Regulation (GDPR), which came into effect on May 25, while taking initial steps to inform their customers about the new law and protecting…

Why Our Startups Stutter Even As Indians-Led Enterprise Firms Scorch Silicon Valley

Shutdowns. Funding crunch. Falling valuations. Firings. By pretty much any metric, India’s consumer internet companies have been going through a rough patch. Sanchit Vir Gogia, Chief Analyst and CEO, Greyhound Research, feels Silicon Valley is a way more mature ecosystem. “Indian…

Rs 1.25-Cr Uber Package: Delhi Student’s Offer Matches Silicon Valley Salaries

A starting salary of Rs 1.25 crore per annum to a Delhi student matches the average pay package of American software engineers but is still 40-50% more that what Indian techies working in the US earn. “An average American software-engineer…

A Perfectly Ordinary Silicon Valley Tradition Is Rattling The Core Of India’s Silicon Valley

The appointment of a new CEO at Flipkart has anguished many Indian entrepreneurs. “Global investors who have bet on India will now take a cue from Flipkart and bringing CEOs from outside may well become a trend in 2017. That’s…

First Casualty Of Donald Trump’s Win? eBay Sacks India Product Team

Online marketplace eBay will shut its global development centre in Bengaluru, laying off staff and taking back work to Silicon Valley on the day Donald Trump got elected as the 45th President of United States on promise of bringing back…

Twitter Shuts Down Development Centre In Bengaluru

Amidst increasing scrutiny from investors because of falling revenue growth, micro-blogging platform Twitter has shut its Bengaluru development centre. “While India is seeing a lot of multinational companies setting up R&D centres, most of the work that happens out of India…

The Real Reasons Behind Indian Startups Shutting Down

In April, on-demand grocery delivery service PepperTap shut shop. Recently, online beauty services provider Amber Wellness, which was operating in Bangalore, New Delhi and Mumbai, closed down. But these are not isolated cases. In 2015, around 13 startups closed operations.…

#GreyhoundInMedia: HP plans to double retail presence to 1,200 cities #Press #Media #TheTimesOfIndia

When the Uttar Pradesh government announced a plan to distribute to laptops to students in the state last year, it was a shot in the arm for HP, the company that won the nearly Rs 2,800 crore contract to provide…

#GreyhoundInMedia: HP plans to double retail presence to 1,200 cities #Press #Media #EconomicTimes

When the Uttar Pradesh government announced a plan to distribute to laptops to students in the state last year, it was a shot in the arm for HP, the company that won the nearly Rs 2,800 crore contract to provide…