FutureTech

Paytm, an Indian e-commerce company has expressed interest in cryptocurrencies, joining other financial institutions across the world. It appears that the company would contemplate delivering services centered on cryptocurrencies such as Bitcoin via its platforms, but only if regulatory approval is obtained in India. In a recent interview, a top Paytm executive hinted to the possibility. According to a Paytm representative, the uncertainties around cryptocurrencies are a big reason why the company has yet to enter the market. If India’s regulatory bodies can come up with a clear stance on…

Ride-hailing platform Ola has started testing a quick delivery service for things such as groceries, personal care, and pet care products in Bengaluru, marking its entry into the quick commerce sector. According to the sources, Ola is launching a prototype of its ‘Ola Store’ in Bengaluru, beginning with a few important regions and then expanding across major cities in India in the coming months. According to the sources, the service is available through the Ola app and is being rolled out to a limited set of customers in Bengaluru. Customers…

Apna became India’s fastest unicorn when its valuation surpassed $1 billion just 22 months after its inception. It was also an almost twofold increase in the company’s worth in only three months (it was valued at $570 million in June), owing to its rapid rise in scale. The employment portal for blue-collar employees boasts 16 million users on its Android-only app, with 150K recruiters spread across 42 cities. While these figures were reported for the current fiscal year (FY22), the company had a strong financial success in its first full…

Binance, a cryptocurrency exchange, will now look into the latest scam involving the Squid crypto token, which took money from investors in an exit scam. The exchange has also stated that it will ban accounts associated with the scam from its network. A cryptocurrency based on the famous Netflix series Squid Game has caught the curiosity of crypto investors, reaching to a high of $2,861 within a week of its launch. The currency quickly fell to about $0 as the cryptocurrency’s inventors cashed out the tokens, leaving the project with…