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India Journalism Tech

India’s Paytm Secures $1 Billion Investment From SoftBank, Ant Financial

2019 11 26paytm

That’s the headline on my newest story, out yesterday. It begins:

NEW DELHI—The parent company of popular Indian mobile-payments startup Paytm said it has secured $1 billion in fresh funds from Japan’s SoftBank Group Corp. and China’s Ant Financial Services Group, giving it more firepower in a fast-growing but crowded market.

The investment values the parent company, One97 Communications Ltd., at $16 billion, according to a person familiar with the matter, making it one of Asia’s most valuable startups.

The Noida, India-based company makes a smartphone app that allows users to pay for goods and services such as groceries, auto rickshaw rides, movie tickets and electricity bills. It also has an e-commerce platform and offers financial products such as mutual funds and savings accounts.

The investment is a “reaffirmation of our commitment” to provide “new age financial services,” founder and Chief Executive Vijay Shekhar Sharma said in a statement Monday in India.

Click through to read the rest.

Categories
India Life

Two Years with Our Adopted New Delhi Street Dog, Ginger

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Last week – November 4 – marked two years since we adopted Ginger.

She continues to be a delight. She is clever, loyal, playful, energetic, silly, and sometimes slightly devious. And she definitely loves her long walks.

The photo at the top is from a Lodhi Garden trip. She loves that place. Here’s another pic of her there:

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And here she is at rest in the sun at home:

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One of her most endearing traits is her love of pouncing. Here’s a video of her hopping on me when I called her recently! 🙂

Dogs: What would life be without them?

Previously:

  • One Year with our Adopted New Delhi Street Dog, Ginger
  • Introducing our Desi Dog, Ginger

  • Categories
    India

    An Excellent, Dog Friendly New Delhi Outing: Sunder Nursery

    sunder nursery dog friendly

    New Delhi can be very dog-unfriendly.

    It’s hard to walk canines here, and most restaurants and cafes don’t allow furry companions.

    So we were excited today to discover that Sunder Nursery, a recently opened park that friends have raved about, lets you bring in pooches – provided you clean up after them, and keep them leashed, and off the grass (humans must also stick to most pathways).

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    Located near Humayun’s Tomb in central Delhi, it opened earlier this year after being renovated. It houses a 16th century tomb, various gardens and lawns, and is meticulously maintained. You can find it on Google Maps here.

    An added bonus: There’s a farmers’ market every Sunday between 9 a.m. and 1 p.m. You can buy coffee and juices, snacks, produce and more. There are tables to sit down and eat, as well.

    The complex is open from 7 a.m. to 7 p.m. every day. There’s a small admission charge for entry.

    You can find more info on the Sunder Nursery Wikipedia page, and on TripAdvisor. Scroll down for pics — and a photo of the rules posted outside the entrance stipulating that canines are allowed in.

    Highly recommended by us – and Ginger.

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    Sunder Nursery

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    Just inside the entrance

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    The place is surprisingly un-crowded

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    Acres of green

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    The farmers market

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    The farmers market

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    Produce

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    Stare-down with some local dogs

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    See point number nine.

    Categories
    India

    New Delhi Snapshot

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    A monsoon season sky here in the Indian capital on a recent afternoon.

    Categories
    India Journalism Tech

    Cash May Be King in India, but Google Is Prince of Mobile Payments

    2019 09 19Google Pay

    That’s the headline on my latest story, out today.

    It begins:

    NEW DELHI–The leading player in the battle for mobile payments in India isn’t either of China’s pioneers, Alibaba Group Holding Ltd. or Tencent Holdings Ltd. It isn’t Apple Inc., Visa Inc. or even PayPal Holdings Inc. It’s Google.

    The Alphabet Inc. unit has for years tried to diversify its revenues beyond advertising by pushing into new fields like cloud computing and hardware. While its profits remain healthy, it needs new ways to make money as the specter of regulation looms at home and around the globe. Its booming new business in the world’s largest untapped digital market could be the engine of expansion that it has been looking for.

    In India today, the company has one of its fastest-growing hits ever with Google Pay, a two-year-old app that millions of consumers are using to spend and transfer tens of billions of dollars.

    Resembling a chat app and available in local languages, Google Pay was the most downloaded financial technology app world-wide last year, according to SensorTower, a research and marketing firm for the app industry.

    Click through to read the rest.