Hita Gupta

Articles By Hita Gupta

172 Articles

Amazon gets licence for payment wallet

Digital payments are set to get a boost with Amazon Online Distribution Services securing a pre-paid payment instrument licence from the Reserve Bank of India.

Industry News

Social networking app Rooter offers opportunities for sports lovers to come together

A social networking application launched by sports enthusiast Piyush Kumar, Rooter allows people with similar interest in sports to come together and cheer their favourite teams.

Industry News

Zomato COO Surobhi Das takes to blog, reveals platform revenue jumped 80% to $49 mn

Food ordering and discovery platform Zomato Media registered 80% jump in its revenues to $49 million or `11.38 crore for the year ended March 31, 2017, according to a blog post by Surobhi Das, COO of Zomato, on Wednesday.

Industry News

Career counselling start-up Mindler looks to play the role of a guide

Two of the major challenges with career counselling are the wide student base and limited awareness about new opportunities.

India News

Housejoy promoter Sarvaloka Services on Call logs Rs 68 cr loss in 2015-16: CEO Saran Chatterjee says clocked revenues of Rs 3.5 cr

Sarvaloka Services On Call Pvt Ltd, promoter of Housejoy, reported total losses of Rs 68 crore in FY16 on revenues of Rs 17.1 crore, data from the Registrar of Companies shows.

Industry News

Start-up MyPoolin betting its success on unified payment interface after demonetisation lift to digital payments

While companies such as Paytm and MobiKwik are solving the merchant acceptance problem in the country, we have cracked the same problem on the customer side, said Ankit Singh, Co-founder, MyPoolin.

Industry News

Flipkart valuation slashed to under $5.5 bn by Morgan Stanley

From a peak of $15 billion in June 2015, e-commerce player Flipkart’s valuation is now down to less than $5.5 billion with Morgan Stanley marking it down to $5.37 billion.

Flipkart’s valuation, Flipkart, Online Retailer, eCommerce, Morgan Stanley, Global Technology Fund, Kalyan Krishnamurthy, Binny Bansal, BookMyShow, Jabong, Olx News

Looking for a business loan? Indifi Technologies gets you one easily and quickly

While more than a dozen start-ups are engaged fulfilling the working capital needs of micro, small and medium-sized enterprises (MSME), a large portion of the market remains undeserved.

fintech, fintech start-ups, start-ups, fintech start-ups in India, MSME, Indifi Technologies, Alok Mittal, transactional data, Lendingkart, Capital Float, Rubique, Cash Suvidha, Paytm, Shopclues, mobile payments News

To survive, Craftsvilla, Yepme follow Snapdeal, sack 100 and 30 staff respectively

Online ethnic fashion portal Craftsvilla is downsizing its operations, according to persons familiar with the development.

Craftsvilla, Online fashion portal, e-commerce, online shopping, Snapdeal, Craftsvilla Handicrafts, Yepme, Quikr, FreeCharge, Flipkart, Amazon News

Estartups: TripAdvisor partner RepUp bolsters online reputations of hotels

It launched reputation and customer experience management services for a limited group of partners before launching its major version nine months later in 2015.

Industry News

Ola, Uber strike: Cab aggregators’ business plunges 90%; rates soar 1.8-3x on some Uber cabs

Ola and Uber taxi drivers shout slogans during the fourth day of their strike against withdrawal of incentives, in New Delhi on Monday

Ola, Uber, Sarvodaya Drivers Association of Delhi, Cab strike, Government News

DocsApp startup vows good health via live chat; here’s how

The start-up, founded by Satish Kannan and Enbasekar Dinadayalane in 2015, offers a chat-based model for patient-doctor consultation that does not need prior appointments or waiting longer than 30 minutes.

Industry News

Cash-burn crisis: Snapdeal loss more than twice revenue at Rs 3,315 cr, nears snapping point

E-retailer Snapdeal notched up losses that were more than twice its revenues last year, a sign of how much cash is being burnt in the sector.

Industry News

Demonetisation windfall: Personal finance tracking app Walnut strikes it rich with location-based ATMwithCash feature

Monthly spending patterns in India typically show a spurt in the first week following pay-day tapering off to a trickle by the end of month.

Industry News

Xerion Retail’s Jabong.com turns profitable for first time in 6 years since inception

Online retail firm Xerion Retail, the parent firm of Jabong.com, turned profitable in FY16 for the first time since its inception six year ago.

India News

Online lingerie brand Zivame logs 84% jump in losses at Rs 54 crore

Online lingerie brand Zivame reported more than 84% rise in its net losses at Rs 54 crore during FY16, according to company's filing with the registrar of companies.

Industry News

At Rs 13,566 cr revenues, top Flipkart seller WS Retail beats Shoppers Stop, Trent, others

WS Retail, among the top sellers on Flipkart’s platform, reported a 33% rise in revenues in 2015-16 to R13,566 crore, according to a company filing with the registrar of companies.

Industry News

Digital payments see robust growth in 2016

Digital payments witnessed robust growth in terms of number of transactions and adoption in 2016 with Paytm alone contributing 26% share in total number of digital payments in CY2016, reports Hita Gupta in New Delhi.

paytm, mobikwik, Freecharge, Oxigen, reliance money, paypal, net-banking service, credit card and debite-wallets from private companiese-wallets from banks KYC to Non- KYC customersSBI, HDFC, AXIS, ICICI, YES bank have also launched their e-wallets app viz a viz Buddy, Payzapp, Lime, Pocket, Yes Pay,UPI AppNPCI's, National payment Corporation of India)Aadhaar payment app UIDAI's Aadhaar card, (APB), *99#, airtel, vodafone, idea, reliance,USSD, GSM News

Nasper-backed PayU India loss rises 3x to Rs 171 cr

PayU Payments reported a three-fold jump in its net loss to R171 crore for the year ended March 31, 2016, according to the company’s filing with the registrar of companies (ROC).

PayU Payments, Nasper-backed PayU, registrar of companies, Paytm, MobiKwik, Shailaz Nag, Citrus Pay News

Even as revenues jumps 2X to Rs 178 cr, ShopClues logs 3X jump in losses to Rs 383cr

Online player ShopClues, which deals in unbranded and unstructured products, reported a more than three-fold jump in its net losses to R383 crore for the year ended March 31, 2016, according to filings with the Registrar of C

Industry News

Ecommerce: Shopmatic helped 50,000 sellers create an online storefront

The Start-up India programme has unlocked many opportunities for entrepreneurs from smaller cities such as Lucknow, Jaipur, Indore, Bhopal, Kolhapur but they still find it difficult to create a dent in the competitive e-comme

Money News

Cloudtail India, one of the largest sellers on Amazon India, loss in FY16 falls to Rs 30 cr

Cloudtail India, one of the largest sellers on Amazon India, reported a marginal drop in its net losses to R30.2 crore for the year ended March 31, 2016, according to the company's filings with the registrar of companies. The

Industry News

From Flipkart to Paytm, e-commerce companies in India grow revenues, but losses skyrocket

Even without the curbs imposed on them, e-retailers don’t seem to have made too much money in FY16.

Economy News

Demonetisation: Payment apps surge 4.6 times since note ban, says Morgan Stanley; SBI, Paytm leadership

The acute shortage of cash following demonetisation has seen greater use of payment apps at both banks and standalone wallets, reports Hita Gupta in New Delhi.

Economy News

Pre-owned and new cars portal Droom net loss up at Rs 3.7 cr; revenue jumps to Rs 35 cr from Rs 93 lakh

Droom Technologies, the e-commerce portal for sale of pre-owned and new cars, reported a higher net loss of R3.7 crore during FY16

Economy News

E-startups: Online logistics marketplace Porter set to enter Pune and Ahmedabad

Porter, which offers online logistics services in five cities, plans to enter Ahmedabad and Pune next year

Industry News

Uber India drives to massive success, profit soars 6x to Rs 18.7 cr

Uber India Systems, the India business of US-based online taxi aggregrator firm, posted a six-fold jump in its net profit at Rs 18.7 crore in FY16, according to the company's filing with Registrar of Companies (RoC). During t

Uber India drives to massive success, profit soars 6x to Rs 18.7 cr
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