# S T A R T U P M O N K
PayTM’s valuation rose by 25% : Vijay Shekhar Sharma

Digital wallet co.  PayTM’s valuation surged by 25%, currently valuing the startup at $15 billion, post the latest round of funding where several employees cashed out on their shares worth $ 150 million, as stated by PayTM founder Vijay Shekhar Sharma. “ESOPs (employee stock ownership plan) worth $150 million were sold by Paytm’s employees to

Govt. launches MSME ecommerce portal, ‘Bharat Craft’ along the lines of Alibaba in China

Union Minister Nitin Gadkari has announced the government’s plan to launch an e-commerce portal named ‘Bharat Craft’ along the lines of  Alibaba in China. The portal aims to provide MSMEs a platform to market and sell their products which will give a major boost to the sector as per Gadkari.  It is worth noting, that

Why should founders consider the Founder’s Agreement when starting up?

If you have seen the movie, ‘The Social Network’, you would remember the scene where an enraged Eduardo Saverin (played by Andrew Garfield) storms into the building and demands a clarification from Mark Zuckerberg, the CEO, when he comes to know that his shares in Facebook, the social media website he co-founded, have been diluted

PayTM elevates CFO Madhur Deora as President as it looks to bolster consumer services biz

Gearing up for its next phase of growth in the consumer Internet and financial services, digital payments player PayTM on Monday announced the elevation of its Chief Financial Officer Madhur Deora as the company's President. Prior to joining Paytm, in October 2016, Deora previously served as Managing Director in Citigroup's investment banking business. Speaking on

10 Common Mistakes to Avoid When Pitching to An Investor

When looking for investors, you only have one shot to make a good first impression with a potential business investor, so it is vital that you’re prepared well, with an elevator pitch that succinctly describes your business in 30 seconds or less—the length of an elevator ride. Unfortunately, a lot of times, founders end up

PayTM plans to invest Rs. 750 crore as it looks to reach 250 Million monthly active users

PayTM, the digital payments giant said that it will allocate ₹750 crores as it looks to expand its MAU (monthly active users) just after the data from National Payments Corp of India (NPCI) showed a drop in the volume of UPI transactions on PayTM’s platform in the month of July. With this the platform is

SprintAI raises $5,00,000 from InMobi co-founder and others

Retail AI startup SprintAI on Friday said it has raised more than $500,000 from a clutch of angel investors with global enterprise SaaS and retail backgrounds. The investors in this round include Piyush Shah, Co-founder, InMobi Group; CS Suryanarayanan, ex-MD at Levis; Deepinder Singh, ex-CPO, MuSigma; Sachin Maheshwari, Co-founder at EzCred; Amiya Pathak, Founder of

Naspers in talks with Dream11 to buy stake worth $100 million

South Africa-based Naspers Ltd. is reportedly in talks to buy stake worth $100 million in online fantasy gaming startup Dream11 from Kalaari Capital, Think Investments and Multiples Alternate Asset Management, as divulged by two people aware of the development. Close on the heels of staggering revenue and growth aided by the recently concluded Cricket World

Snapchat turns focus to India as it sets up Mumbai HQ

Messaging platform Snapchat has opened its first office in India, choosing Mumbai to set up its base in the country. The platform has been eager to build a local team to help the American photo-sharing company understand Indian audiences better in a move which signals that the company is moving on from the idea that

Blu Smart raises angel round of $2.2 million from JITO Angel Network,others

Blu Smart, an electrical vehicle startup has raised $2.2 million in angel funding from multiple investors, with JITO Angel Network leading the round. Hero MotoCorp, Mayfield Fund and Centrum, along with Micromax and several other investors also participated in the round. The startup is currently present only in Delhi-NCR and the recent fundraise will help

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CIN- U74999DL2019PTC347107