PhonePe partners with Ola; Amazon India launches Seller Lending Network

PhonePe partners with Ola; Amazon India launches Seller Lending Network

Friday June 15, 2018,

2 min Read

PhonePe, India’s second-largest payment company, on Thursday announced it has partnered with cab aggregator Ola to allow users to book a cab from the PhonePe app. This partnership is clearly part of its larger in-app strategy that the Flipkart-owned payments company had kickstarted with bus ticketing service redBus.

Sameer Nigam (L) and Rahul Chari, Founders, PhonePe

Amazon India has launched its Seller Lending Network (SLN), which will allow sellers on its platform to seek loans from various third-party lenders. The e-commerce major has partnered with banks and NBFCs like Aditya Birla Finance, Bank of Baroda, Capital First, Capital Float, Flexiloans, and Yes Bank for the lending programme.

Gopal Pillai, Director and GM of Seller Services, Amazon India

Time was when tiny garages doubled up as office spaces for small business and startups. But in the age of the sharing economy, the mantra to success is sharing knowledge and costs. Enter co-working spaces, which are mushrooming across India, and have seen a massive surge in popularity.

After spending over 12 years in the corporate world, Pinak Pani Paul realised that, in India, the majority of product startups fail because most of the products are run by IT workforce, who are either from service background or equipped with working in typical project-driven environments. To change the scenario, Pinak started ProductSC in 2017, a learning platform for IT professionals and organisations to help in discovery, design and implementation phase of technology products, through its workshops.

Pinak Pani Paul (R), Founder, ProductSC, with Tarakant Nayak, mentor and investor

Now get the Daily Capsule in your inbox. Subscribe to our newsletter today!