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Ratan Tata
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1201

New marketplace helps angel investors, startup employees sell their shares to VCs

By Malavika Velayanikal for dealstreetasia,

Exits are vital for a startup ecosystem. They improve liquidity because investors can sell their stocks and redeploy those funds into new startups. (more…)

Crowdfunding/investing, Fintech news

February 12, 2016

1434

Boom Of Taxi Apps In Asia

E27.CO: GrabTaxi from Singapore is about to get US$200 million in fresh capital, pegging its valuation at US$1.5 billion. It quotes “a person familiar with the situation”, who has shared that the round is being led by US hedge fund Coatue Management LLC. The source also mentioned that existing investors SoftBank and Tiger Global Managementare also going to participate in the round. GrabTaxi’s last funding, a then record-breaking US$250 million round, happened just seven months ago in December 2014. Read the full article (more…)

India, InspirAsia, Singapore

July 1, 2015

Xiaomi Boosts Its Business In India With Strategic Investment From Tata Sons Head

TECHCRUNCH: Xiaomi is making a push to be a local player in India. Days after unveiling its first phone customized to the South Asia country (the impressive $205 Mi 4i), Xiaomi announced that it has taken investment from leading Indian businessman Ratan Tata. (more…)

India, InspirAsia

April 27, 2015

1607

Indian Business Baron Ratan Tata Invests In Paytm

E27.CO: Chairman Emeritus of Tata Sons Ratan Tata has made an undisclosed amount of investment in mobile payments and commerce company Paytm. With this investment, Tata will pick up a small stake in One97 Communications, the company that owns and operates Paytm. He will also take on the role of an advisor at the company.

(more…)

Deals, Fintech news, India, InspirAsia, news, p2p-payments

March 13, 2015

1366

India’s Top Mobile Wallet App Adds Support For Payments To Bank Accounts

TECHCRUNCH: Paytm, a India-based mobile payments service operated by (now) Alibaba-backed One97, has introduced a big new feature that lets 25 million users transfer money to bank accounts. Mobile wallets, like that of Paytm, have grown in popular in India, where credit card adoption is low and many services, including online retailers, process a lot of cash-based transactions. (Its billion-plus population is estimated to have just 450 million bank accounts, with many unused.) Wallets are at the intersection of that, providing greater reliability than cash, but without requiring users to get bank accounts.

(more…)

eWallets, Fintech news, India, InspirAsia

March 13, 2015