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Google To Launch Payment App ‘Tez’ In India

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Google Launch Payment App,Google Payment App,Tez app,Google Tez app,Tez App Payment in India,Google Tez App,Startup Stories,2017 Latest Business News,2017 Technology News

Global search engine Google plans to launch a localized digital payments service in India called ‘Tez’ which means fast in Hindi. The app will offer a comprehensive set of payment options to users beyond its existing options such as the Google Wallet or Android Pay.

Technology website TechCrunch reported the app may be launched as soon as next week in New Delhi by Caesar Sengupta, the Vice President of Next Billion Users, Google. Tez, developed specifically for the Indian market will also include support for the government backed Unified Payments Interface (UPI) and other consumer payment services such as Paytm and MobiKwik.

Google, which launched Android Pay two years ago in the US, is aiming to delve into the rapidly growing digital payment market in India which is expected to touch $500 billion by 2020. According to a report by news portal The Ken, Tez will be available on the Google Play Store for smartphones and as a Chrome widget for desktops. The service is also likely to be integrated into other applications such as ecommerce, mobility, Play Music, Play Movies and the Play Store for subscription and paid downloads.

While both Android Pay and Google Wallet did not hit off, tech companies like Flipkart are already looking at the potential of Tez. Considering Android is India’s dominant operating system for smartphones, Google could have an upper hand in the digital payments sector.

At present, Alibaba backed Paytm and other digital wallet players like MobiKwik, FreeCharge, Oxigen, Citrus Pay, Phone Pe, PayU, ItzCash, Jio Money and Ola Money are fighting over the lucrative digital payments market. Recently Facebook owned Whatsapp Inc., also showed interest in launching its own digital wallet in India along with other global companies like Truecaller and Uber. According to the Ministry of Electronics and IT, the infrastructure of digital payments in India is expected to increase three fold with almost five million electronic point of sale (PoS) machines by the end of 2017.

Google India has sent out an invite for a press conference in New Delhi on September 18, to share details on the launch of the new product developed grounds up for India.

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Dunzo Gets Breather as NCLT Rejects Insolvency Petition from Invoice Discounters

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Dunzo

The National Company Law Tribunal (NCLT) Bengaluru bench has dismissed an insolvency plea filed against quick commerce startup Dunzo by its invoice discounters, declaring the petition “not maintainable” after several postponements. This decision offers temporary relief to Dunzo, which has been facing multiple insolvency petitions from various creditors, including Velvin Packaging Solutions and Betterplace Safety Solutions, over unpaid dues.

The invoice discounters alleged that Dunzo had paid only 50% of the required amounts, though the exact sum was not disclosed. Despite ongoing settlement talks, no resolution was reached, and the tribunal noted Dunzo’s delays in responding to creditor petitions. Dunzo continues to grapple with severe liquidity issues, delayed payments, and significant losses—reporting a ₹1,801.8 crore loss in FY23 and owing approximately ₹11.4 crore to major vendors like Google India and Facebook India.

While this NCLT ruling provides Dunzo some breathing room, the company still faces ongoing financial and operational challenges as it works to resolve its outstanding liabilities.

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How a Golden Retriever Became the Heart and Soul of a Hyderabad Startup’s Workplace

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Golden Retriever in workplace

Hyderabad-based startup Harvesting Robotics has won hearts online by appointing a golden retriever named Denver as its Chief Happiness Officer (CHO). Denver, introduced by co-founder Rahul Arepaka in a viral LinkedIn post, has quickly become the star of the office, spreading joy and boosting morale among employees. The company is now officially pet-friendly, a move Arepaka calls their “best decision.”

Denver’s new role has sparked widespread attention, with thousands liking and commenting on the announcement. Many see Denver’s presence as more than just a cute story—it highlights a growing trend of pet-friendly workplaces that prioritize employee well-being and happiness. As companies increasingly focus on holistic wellness, Denver’s appointment shows that sometimes, a wagging tail is the best way to brighten the workday.

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Info Edge Shareholders Approve ₹1,000 Crore Investment in New Venture Fund

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Info Edge

Info Edge (India) Ltd shareholders have overwhelmingly approved an investment of up to ₹1,000 crore in the company’s third venture capital fund, Info Edge Ventures Fund III. The proposal received near-unanimous backing, with 99.9995% of valid votes in favor out of 1,274 participants.

Smartweb Internet Services Ltd, a wholly owned Info Edge subsidiary, will act as sponsor and investment manager for the new fund. This move strengthens Info Edge’s commitment to backing early-stage startups and expanding its footprint in India’s venture capital landscape.

Info Edge has a strong track record as an early investor in leading Indian startups like Zomato and PB Fintech, with combined holdings in these firms valued at ₹31,500 crore ($3.7 billion) as of March 31, 2025.

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