Klub partners with Cashfree Payments to finance 5,000 merchants
Revenue-based financing platform on Monday said it has partnered with to finance 5,000 merchants through its platform.
Cashfree Payments offers an advanced payment gateway with features like instant refunds, card pre-authorisation, among other products. The brand also provides a bouquet of payment services to vendors, including payment collections, recurring payments, and verification services to banks.
Backed by SBI, Y Combinator, Apis Partners, and incubated by PayPal, Cashfree Payments enables over 100,000 growing businesses in India and across eight other countries, including the US, Canada, and UAE, with payment collections, vendor payouts, wage payouts, bulk refunds, expense reimbursements, loyalty, and rewards.
Jupiter Meta to launch India’s first music NFTs
Jupiter Meta, a fully curated NFT marketplace, has launched music NFTs for the first time in the country. Jupiter Meta's unique offerings will be available as part of a special metaverse concert, featuring a solo performance by singer and composer Karthik on April 14, 2022.
Music NFTs give musicians the right of ownership and allow them to reach their fans directly. These NFTs substantially benefit the creator, giving them more control over their work. For buyers of these music clips, there is potential in terms of a sense of ownership and financial flexibility.
“The metaverse isn’t just a buzzword anymore. It has real implications and brings actual value to the way we interact with one another and with intangibles such as culture and the sense of community,” said Manasa Rajan, CEO, Jupiter Meta.
He added, “Music NFTs will give users a specific value and sense of ownership that cannot be replicated, while the concert will bridge the physical divide between artist and fan in a sense and open the doors for more personalised and meaningful conversations outside our reality.”
Snapdeal partners with Cashfree Payments to enable instant refunds for CoD orders
Ecommerce platform has partnered with API banking solutions company Cashfree Payments to enable instant processing of refunds against Cash on Delivery (CoD) orders.
Traditionally, processing refunds for CoD orders has been a multi-step and time-consuming process, which includes manually adding the customer's bank account details, onboarding the customer as a payee, and tracking and reconciling refunds batch-wise.
With the integration of Cashfree Payments’ product ‘Cashgram’, Snapdeal will be able to process refunds with only the customer’s mobile number or email address, with credits automatically flowing to the customer’s UPI-linked bank account, or wallet.
A recent RedSeer report commissioned by Snapdeal highlighted the rapid growth of online customers in India’s Tier - II and beyond cities and towns, who are expected to triple in size from about 78 million in 2021 to nearly 256 million by 2026.
A significant proportion of buyers from smaller cities prefer to pay in cash for their online purchases. For this cohort of buyers, the ease and speed of getting refunds for orders they may choose to return is a key consideration.
With the integration of ‘Cashgram’ by Cashfree Payments, Snapdeal now offers a seamless and fast refund process, where customers can get their refund instantly or later as per their own choice, either to their bank accounts or to their preferred wallets.
YuppTV bags broadcasting rights for TATA IPL 2022
Airing from March 26 to May 29, 2022, YuppTV customers can enjoy the matches and cheer for their favourite teams and players from the comfort and safety of their homes. This year marks the debut of two new franchises — Gujarat Titans (GT) and Lucknow Super Giants (LSG) — along with the existing franchises.
Uday Reddy, Founder and CEO, YuppTV, said, “Cricket has always been a massive crowd-puller, and IPL has reimagined the format and the excitement associated with it. In alignment to bring cricket to the masses, we are delighted to be the streaming platform of choice in expanding the outreach to 99 nations across the globe. We are ensuring that our robust backend technology will support uninterrupted, real-time streaming of the sport that put India on the world map with respect to international leagues.”
In 87th Mann ki Baat, PM Modi applauds NirogStreet in promoting Ayurveda healthcare globally
, a technology-led end-to-end Ayurveda doctor platform, earned a rare and cherished honour as Prime Minister Narendra Modi recognised and applauded the work done by the startup in his latest ‘Mann ki Baat’ speech.
Addressing the nation through the monthly radio programme, PM Modi said that six years ago, the market for medicines related to Ayurveda was around Rs 22,000 crore, which has risen to Rs 1,40,000 crore because Yoga and Ayurveda are increasingly trending all over the world.
He mentioned how NirogStreet’s technology-led unique concept in the Ayurveda healthcare ecosystem is connecting Ayurveda doctors from across the world directly to the people and over 50,000 practitioners are associated with it.
Chalo announces acquisition of Vogo to strengthen first and last-mile connectivity
In a strategic move, transport-tech startup said it has acquired shared-mobility startup . Vogo will augment Chalo’s bus technology services by powering first and last-mile rides at major bus stops and other public places, enabling crores of bus users to easily travel to and from bus stops, further boosting bus ridership.
Before COVID-19, Vogo was present in Hyderabad and Bengaluru, fulfilling about 50,000 rides daily. Users could access petrol-powered two-wheelers through an app.
As a part of this acquisition, the company is switching to electric vehicles across its fleet. Low-powered electric two-wheelers are safer, more suitable for short distances, and offer lower operating costs. Vogo will also expand beyond two-wheelers and offer other types of electric vehicles to suit market needs.
Edited by Suman Singh