Snehal khanna Blog

Google might have entered the space a year late, but competition is still scarce LATEST NEWS : A little over a month after entering into the digital payment ecosystem in India, Google’s Unified Payments Interface (UPI) app Tez has racked up 7.5 million users who have made over 30 million transactions. In a call with investors on Friday, Google CEO Sundar Pichai said that he was “really excited about the potential this (Tez) brings for India's mostly cash-based economy” while also revealing the growth figures for the app. While Google has not been able to demolish rival BHIM’s record of getting 10 million installs in just 10 days thanks to Prime Minister Narendra Modi backing, but it’s a commendable feat considering that Tez has lacked several features at launch. But coming into the UPI payments space a little more than a year late, Google has demonstrated that there still is space for growth in India’s digital payments ecosystem. Tez also sets the precedent f...

From Myntra and Jabong to PhonePe, and now talks with BookMyShow, Swiggy, UrbanClap - Flipkart could be eyeing stakes in or buyouts of smaller peers to grow its own top line LATEST NEWS     :India’s largest home-grown internet company Flipkart is looking at acquiring stakes or buying out smaller peers to grow its own top line, a model perfected by Chinese counterparts Alibaba, Tencent and Baidu. Flipkart is said to be in talks with multiple firms like online food-ordering and delivery service Swiggy, home services firm Urban Clap, online furniture retailer Urban Ladder, ticket-booking platform BookMyShow and even some financial technology firms, according to a Livemint report on Monday. These deals seem to be at an exploratory stage, but Flipkart’s intent is increasingly becoming clearer. While investments in some of these firms might have obvious benefits – for example, Urban Ladder could list its furniture exclusively on Flipkart, or Swiggy’s delivery fl...