Fri, Mar 24, 2017 | updated 01:45 AM IST

Paytm acquires Shopsity to further strengthen its O2O network for small retailers

Updated: Nov 11, 2016 17:26 IST

New Delhi [India], Nov 11 (ANI): India's largest mobile payments and commerce platform Paytm has acquired the team at Shopsity, a Delhi-based startup that offered O2O solutions to small retail stores.

This move is in line with Paytm's vision to create strong seller-focused services for its offline merchants.

Shopsity is focused on small unorganized retailers, providing them with tools to attract and retain customers. Co-founders Danish Ahmed and Gaurav Arya have joined Paytm's management and are actively working to strengthen seller services for the 800,000 strong offline sellers on the Paytm ecosystem.

"Shopsity has done a great job at providing innovative solutions to small offline retailers. By integrating their technology with our advanced seller services, we will be able to offer additional solutions to our fast-growing family of small offline merchants. We would like to welcome Danish and Gaurav to Paytm and our offline merchants team. I am confident this acquisition will offer further momentum to our online-to-offline commerce segment," said Chief Financial Officer Paytm, Madhur Deora.

"Paytm is doing phenomenal stuff in the offline commerce space, and we are very excited to join the team and build a platform that enables small retailers to ride the digital wave. Millions of retailers are using Paytm to accept payments today, and we're working hard to bring an entire suite of digital services to them," said Co-founder Shopsity, Danish Ahmed. (ANI)

New Delhi [India], Mar 23 (ANI-BusinessWireIndia): Ashoka University, a Liberal Arts University in India, hosted its first International Educators Conference 2017 on March 17, 2017. In line with the University's vision to emerge as a global institution and put India on the world education map, the focus of the conference was on India as a global higher education destination.

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New Delhi [India], Mar 23 (ANI): The Central Board of Direct taxation on Thursday notified that the Third Protocol amending India-Singapore Double Taxation Avoidance Agreement (DTAA) which was signed on 30th December, 2016 entered into force on February 27th, 2017 with notifications released to the Official Gazette here today.

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Curofy launches Curofy for web

Updated: Mar 23, 2017 15:21 IST

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Qbera launches operations in Bengaluru

Updated: Mar 23, 2017 15:21 IST

New Delhi [India], Mar 23 (ANI): Fintech start-up offering quick and hassle-free personal loans Qbera has launched its operations in Bengaluru.

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New Delhi [India], Mar 23 (ANI): Maneeza Ahuja has been appointed Branch Head for the Delhi branch of Percept/H with the additional responsibility of leading the North India portfolio of Percept One.

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New Delhi [India], Mar 23 (ANI): ExportersIndia on Thursday announced 56 percent boost in its business exclusively via its mobile app.

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New Delhi [India], Mar 23 (ANI-BusinessWireIndia): L&T Technology Services Limited, a leading global pure play engineering services company inaugurated its new center of excellence dedicated for a leading German Original Equipment Manufacturer (OEM) in Munich Germany, its fourth delivery center for the customer following R&D hubs in Mumbai, Bangalore and Mysore in India.

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Lok Sabha passes Finance Bill

Updated: Mar 22, 2017 18:20 IST

New Delhi [India], Mar 22 (ANI): The Lok Sabha on Wednesday passed the Finance Bill after various amendments presented by Union Finance Minister Arun Jaitley.

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