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Fintech friction takes root in India’s banking landscape

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In the first fortnight of the New Year when Indians were still warming up to digital payments, many buyers on the country’s top shopping portal, Flipkart, had a nasty surprise: purchases they attempted on the Flipkart app through PhonePe, a digital payment method integrated into the app, were getting rejected…. Read more »

Snap Inc brushes off concerns on second day of IPO roadshow

Snap Inc, owner of popular messaging app Snapchat, fended off investor skepticism on the second day of its IPO roadshow on Tuesday, betting on the charisma of CEO Evan Spiegel, 26, whom it introduced as a “once in a generation founder.” Snap is targeting a valuation of between $19.5 billion… Read more »

The 40 people who matter in the Indian startup ecosystem

In the first of a multi-part series, Mint profiles the 40 most influential people in India’s start-up ecosystem. While e-commerce influencers still dominate the list, there are a handful of new entrants, most prominently those connected with enterprise software or Software as a Service (SaaS) start-ups that are fast becoming… Read more »

Indian startups call for a level playing field against global peers

India needs to create a level-playing field for start-ups to compete effectively against global companies with significantly larger capital, said Sachin Bansal, co-founder Flipkart Ltd, and Bhavish Aggarwal, co-founder Ola (run by ANI Technologies Pvt. Ltd). “There’s a fair way to compete and there’s a non-fair way to compete. What’s… Read more »

Has India’s startup story missed the capital efficiency bus?

“A startup is a temporary organization used to search for a repeatable and scalable business model”. A great definition from Steve Blank, one of Silicon Valley’s well known educators. What keeps the wheels rolling is that startups discover these scalable models in a very capital efficient way, delivering multiple returns to investors…. Read more »

Microsoft introduces Slack rival to lure business-chat users

Microsoft Corp. unveiled a corporate team-chat service that works with its cloud-based Office and Skype products, aiming to take on Slack Technologies Inc. and Atlassian Corp.’s HipChat in a growing market. The new product is “designed to facilitate real-time conversations and collaboration while maintaining and building up that institutional knowledge… Read more »