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Paytm Acquires Mobile Tech Startup, Cube26

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Paytm Acquires Mobile Tech Startup Cube26,Startup Stories,Startup News India,Latest Business News 2018,Mobile Tech Startup Cube26,Paytm Business News,Tech Startup Cube26,Paytm Acquires Flipkart Backed Cube26,Paytm Founder,Paytm Founder Vijay Shekhar Sharma

The digital payment behemoth Paytm, acquired a Delhi based technology startup, Cube26. The company did not reveal the amount of the deal but said the Cube26 team will align with Paytm to work toward building special engagement features on the Paytm application. Earlier, Cube26 raised $ 7.7 million in funding from two of the famous companies who are known for acquisitions, Tiger Global and Flipkart in the year 2015.

Madhur Deora, the Chief Financial Officer at Paytm said, We are focused on building a more immersive and feature rich mobile experience for our large active user base and with this acquisition, the Cube26 team will work with the Paytm team to add more social engagement features to our products and services.

About the company, Cube26

Cube26 develops customized Android operating systems for Original Equipment Manufacturers (OEMs.) The company is currently building a platform between local service providers and smartphone users through their local app and game store to enable product led monetization.

The tech startup was founded in the year 2012, by Saurav Kumar, Abhilekh Agarwal and Aakash Jain.

However, post the deal, the CEO of Cube26, Saurav Kumar said, Our team has been building technology products that are used by millions of users. I believe our diversified experience in creating smarter products across software and hardware segment will help add value to Paytm and to several of its products and services (sic.)

This deal made waves soon after the digital payment behemoth announced the latest services under Paytm Inbox on its app. Paytm added exciting new features such as in app Live TV, News, Cricket, Entertainment Videos and Games to its messaging service ‘Inbox’. The company has aligned with several content providers to offer infotainment to its users. 

Paytm was founded by Vijay Shekhar Sharma in the year 2010. It is available in 10 Indian languages and offers online services like mobile recharges, utility bill payments, travel, movies and events bookings. Not only that but Paytm also provides in store payments at grocery stores, fruits and vegetable shops, restaurants, parking and various other places. It is now valued at an enormous $ 10 billion. Currently, Paytm has more than 120 million monthly active users and strives to grow further with its additional features and updates.

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PayU Gets Final RBI Nod to Operate as Payment Aggregator Ahead of 2025 IPO

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PayU India, owned by Prosus, has received final approval from the Reserve Bank of India (RBI) to operate as an online payment aggregator, a year after getting in-principle approval in April 2024. This authorization allows PayU to onboard new merchants and offer digital payment solutions, joining other major players like Razorpay, CCAvenue, and BillDesk.

The RBI’s nod comes as PayU prepares for its planned IPO in the second half of 2025, following a delay from its original 2024 timeline due to market conditions. The company, which serves over 450,000 merchants, reported $319 million in revenue from its core payments and credit business in the first half of FY25.

PayU stated that the approval will help it build a resilient, compliant, and innovation-driven institution, supporting merchants of all sizes and advancing the Digital India vision. The company has also strengthened its risk management and expanded its presence in real-time payments through a strategic stake in Mindgate Solutions.

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Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

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Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

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Ixigo Halts Bookings for Flights and Hotels to Turkey, China

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Indian online travel platform ixigo has suspended all flight and hotel bookings to Turkey, China, and Azerbaijan in response to these countries expressing support for Pakistan after India’s military strikes-dubbed ‘Operation Sindoor’-against terror bases in Pakistan and Pakistan-Occupied Kashmir. The move, announced by CEO Aloke Bajpai on X, was described as an act of solidarity with India during heightened diplomatic tensions following the Pahalgam terror attack.

ixigo’s decision aligns with similar actions by other Indian travel companies, including EaseMyTrip and Cox & Kings, which have also restricted travel services to Turkey, China, and Azerbaijan. The suspensions come amid widespread calls for boycotts after these countries condemned India’s military response and backed Pakistan.

The travel industry’s collective response underscores how geopolitical developments are influencing business decisions, with Indian companies emphasizing national interests and unity in the face of international criticism

 

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