- Info Edge invests more in Delhi-based Ed-tech startup NoPaperForms-
Delhi-based NoPaperForms Solutions Pvt. Ltd is an advanced enrollment management platform and helps educational institutes. They have raised Rs. 27,98,53,700.00 in a Series B funding round from existing investor Info Edge, which is currently running job portal Naukri.com. They will utilize the funds for expanding their business development and deploy teams, besides strengthening their technology infrastructure and product line. - Chinese bike-sharing startup Ofo went global. Now it is on the edge of becoming bankrupt in less than 4 years-
Ofo is Beijing-based bicycle sharing company who invented a bike-sharing smartphone app which allows users to park their bikes anywhere and it can be locked or unlocked anywhere via the app. Which means users don’t have to return to designated stations. Ofo fended off dozens of copycat rivals, but it now chances becoming the latest casualty of a cut-throat industry. According to its app, more than Rs. 86,48,74,500.00 people were waiting for refunds. - Facebook is coming up with Cryptocurrency (digital currency) for WhatsApp money transfer-
Facebook is working on making a cryptocurrency (digital currency) that will allow users to transfer money on its WhatsApp messaging app because Facebook wants to focus on the remittance market in India. Earlier to this year, Facebook ran a beta test for its payments service. However, the Indian government has stopped the beta test as the government had ruled that the company will not be able to launch WhatsApp Pay till it sets up an office in India. Facebook has long been expected to make a move in financial services, after hiring former PayPal president Mr David Marcus to run its Messenger app in 2014. Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology.
