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Paytm Transfers 800 Staff To Paytm Mall, Hire 2000 More

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Paytm Transfers 800 Staff To Paytm Mall, Paytm Mall Hire 2000 Employees,One97 Communications,digital payments company Paytm,Startup Stories,Startup Stories India,Inspirational Stories,Latest Business News 2017,Paytm news 2017

The digital payments company Paytm has moved 800 employees from its parent company One97 Communications to its latest venture Paytm Mall. Paytm Mall also announced the heads of key executive roles and plans to hire about 2000 more employees across business and technology roles this year.

The payments bank was launched after One97 Communications separated its commerce and payments businesses into separate entities. The company, backed by Alibaba, also plans to scale up its partner network by adding 3000 Paytm Agents and go deeper into tier II and tier III cities.

Paytm E-Commerce Private Limited also raised $200 million from Alibaba Group and SAIF Partners in April for its stand alone web portal and app based Paytm mall. Amit Sinha was previously appointed as the Chief Operating Officer for Paytm Mall this past month. On Monday, Saurabh Vashishtha, Amit Bagaria Bhushan Patil and Sunil Goyal were appointed as the heads of marketing, customer experience, logistics, products and technology respectively.

The app, launched in February will host 14,000 sellers for millions of products across various categories including fashion, electronics, consumer durables and home furnishings among others. They have partnered with 40 couriers and own 17 fulfillment centers to offer good reach to sellers.

Paytm Mall, which will compete against ecommerce giants Flipkart and Amazon, also plans to add close to a billion products, for which sellers from all over Southeast Asia are being contacted. Speaking of the recently appointed heads of the various departments, COO Amit Sinha said he was excited to work with the long standing colleagues to build the most trusted online shopping platform.

The ecommerce company has also will also introduce a new penalty and cancellation policy from July 10. They will create different slabs for cancellation fee depending on the stage of the order getting canceled or delayed by a seller. Sinha also added that they constantly update their trusted seller partners about the best practices to ensure they offer consumers an enhanced consumer experience.

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Apple’s iOS 18.7 vs iOS 26: Which Update Should You Choose for Your iPhone in 2025?

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StartupStories iOS 26

Apple’s recent iOS 18.7 rollout provides a secure alternative to the visually revamped iOS 26, empowering iPhone users to choose between system stability and next-generation features. While iOS 18.7 focuses on important security updates and bug fixes, it maintains the familiar iOS experience for users of older devices like iPhone XS, XS Max, XR, and SE models up to the 16e. The update is lightweight—about one-fifteenth the size of iOS 26—which means quicker downloads and less storage consumption. It’s designed for reliability and fast installation, making it ideal for users who prioritize a stable and secure operating system over design changes.

In contrast, iOS 26 introduces Apple’s ambitious “Liquid Glass” interface with a transparent look across apps, enhanced widget and lock screen customization, smarter Siri, and improved camera controls. These innovations, however, come with a larger update size and compatibility exclusive to newer iPhones beginning from the iPhone 11 series. While early adopters can enjoy the futuristic interface and AI-powered upgrades, major OS launches may present initial bugs or app compatibility issues that cautious users typically wish to avoid.

Choosing between iOS 18.7 and iOS 26 depends on each user’s priorities—those seeking guaranteed stability and fast security fixes should consider sticking with iOS 18.7, while users excited about premium features and visual changes should migrate to iOS 26 if their device supports it. Both updates are available through Software Update settings, and Apple will support iOS 18.7 for only a limited duration, eventually encouraging all users to transition to the latest platform. This dual update strategy ensures every iPhone user can safely update their device for a seamless and secure experience in 2025.

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Deep-Tech Startup EndureAir Raises INR 25 Crore from IAN Alpha Fund to Boost Drone Innovation

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EndureAir, a deep-tech drone startup specializing in UAV (Unmanned Aerial Vehicles) and aerial robotics solutions, has successfully raised INR 25 crore in a funding round led by IAN Alpha Fund, with participation from IAN Angel Fund. The fresh capital infusion will enable EndureAir to enhance its advanced drone technologies for defense applications, broaden its reach in enterprise markets, and accelerate the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, a professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir stands out in India’s indigenous UAV sector by developing both hardware and software in-house. Backed by over 15 years of rotorcraft research and holding eight patents in flight dynamics and autonomous systems, the company has rapidly established itself as a pioneer in the deep-tech drone ecosystem.

EndureAir’s flagship drone platforms, including the Sabal heavy-lift UAV family inducted by the Indian Army’s Eastern Command and the Vibhram drone supporting Telangana’s Medicine from the Sky program, are deployed in critical operations. The startup also collaborates with Bharat Electronics Limited for co-developing high-altitude drones and works with Bhutan’s Druk Holding & Investments on remote logistics missions. With this funding, EndureAir aims to position India as a global leader in UAV innovation, advancing resilient domestic drone systems for defense and enterprise applications.

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Venture Catalysts Raises Rs 150 Crore to Boost Multi-Stage VC Platform and AI Capabilities

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Venture Catalysts, a leading Mumbai-based venture capital platform, has secured Rs 150 crore (around $18 million) through a strategic mix of primary and secondary transactions. This fresh round of funding resulted in a company valuation of approximately $200 million and drew participation from high-profile investors such as Ashish Kacholia, the Shah Rukh Khan family office, Aishwarya Rai, as well as several established capital market veterans and renowned business houses. The move not only demonstrates strong investor confidence but also positions Venture Catalysts at the forefront of India’s rapidly evolving startup landscape.

The infusion of capital is earmarked to accelerate key initiatives, including expanding Venture Catalysts’ leadership team, launching new investment funds, and exploring advanced technology solutions with an emphasis on AI-enabled due diligence and reporting tools. Additionally, the firm aims to strengthen its footprint across major Indian startup hubs and grow its suite of Category II alternative investment funds, harnessing this growth to support a new wave of promising startups and founders within the ecosystem.

Since its inception in 2016, Venture Catalysts has evolved from an angel network to a multi-fund powerhouse, managing over $500 million in assets and deploying nearly $200 million across more than 400 startups, including industry leaders like BharatPe, Renee Cosmetics, and InsuranceDekho. This latest funding round reinforces Venture Catalysts’ pivotal role in nurturing and scaling some of India’s most innovative startups, catalyzing growth throughout the country’s thriving entrepreneurial sector.

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