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Paytm Revamps App To Change User Experience

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Paytm Revamps App To Change User Experience,Startup Stories,2018 Latest Business News,Startup News India,Paytm Revamps App,Digital payments platform Paytm,Google payment businesses,Paytm Payments Bank,Paytm Revamps App Features,Paytm App,Paytm Latest News

Digital payments platform Paytm revamped its mobile application in an effort to change the user experience. The firn is moving from being just a digital wallet to a full stack payments provider by offering multi source and multi destination solutions.

The online payments app is reportedly eyeing exponential growth in money transfers by targeting the unorganized workforce this year. The company has also added multiple payment methods, including bank to bank transactions under its ‘Money Transfers’ option, in an attempt to overpower WhatsApp’s and Google’s payment businesses in the country.

Speaking about the redesign, Paytm’s Chief Operating Officer Kiran Vasireddy said, “We are very excited to introduce the new, revamped interface on (the) Paytm App. The new design is refreshing and has upgrades (sic) to some of the most important flows, including money transfers.” The new application already went live for Apple users on Sunday and will be available for Android devices from Monday. The company claims with a reach of seven million offline merchants, the app has achieved a billion transactions per quarter.

Along with intense competition from international players such as Google and WhatsApp, the company has further been impacted by the Reserve Bank Of India’s new Know Your Consumer (KYC) guidelines. So far, the company has offered separate money transfer options between the Paytm Payments Bank and other banks focusing mainly on peer to peer transactions on the digital wallet and peer to merchant transactions through QR codes. This revamp, however, will help position the online payments firm as a ‘super app’ by enabling large transactions such as rental payments through bank to bank transfers and offering multiple modes of payment under one option.

Kiran Vasireddy further added, “This year, we are aiming for an exponential growth in money transfer transactions by transforming payments done in the unorganized sector — this will include freelancers, tuition fee, house rent, salaries of the unorganized workforce and others into direct bank transfers using the Paytm app.

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Bankruptcy Forces BYJU’S to Offload Epic and Tynker for a Fraction of Acquisition Cost

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BYJU’S StartupStories

BYJU’S, once India’s most celebrated edtech startup, has sold its major US-based subsidiaries Epic and Tynker for a fraction of their original purchase prices, marking a dramatic reversal in its global expansion strategy. The distressed sales, approved by a US bankruptcy court on May 20, 2025, come amid the company’s ongoing financial and legal turmoil. Tynker, a coding education platform acquired by BYJU’S in 2021 for $200 million, was sold to CodeHS for just $2.2 million in cash, while Epic, a digital reading platform bought for $500 million in 2022, was acquired by China’s TAL Education Group for $95 million.

These fire-sale transactions were part of a broader restructuring effort to address disputes with lenders after BYJU’S defaulted on a $1.2 billion loan, which triggered bankruptcy proceedings for its US entities. The company’s US unit, Byju’s Alpha, became the focal point of legal battles, including allegations of mismanagement and the misappropriation of funds by top executives. Court rulings in the US have highlighted instances of fraudulent transfers and breaches of fiduciary duty by suspended directors, further compounding BYJU’S woes.

As BYJU’S scrambles to stabilize its core operations, several of its other high-profile acquisitions, such as Great Learning and Aakash Institute, have started operating independently and distancing themselves from the parent company. The massive losses from the sales of Epic and Tynker underscore the risks of BYJU’S aggressive acquisition spree and the severe impact of its financial mismanagement, leaving the future of the once high-flying edtech giant in question.

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Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

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Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

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Imarticus Learning Acquires MyCaptain for INR 50 Crore to Boost Non-Tech Upskilling

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My Captain

Imarticus Learning, an IPO-bound professional education firm, has acquired Bengaluru-based edtech platform MyCaptain for INR 50 crore in a cash-and-stock deal. This marks Imarticus’s fourth acquisition in four years and is aimed at expanding its presence in non-tech career training, especially across India’s Tier-II and Tier-III cities. MyCaptain, which has over 500,000 learners and a revenue of ₹27 crore for FY25, specializes in creative and entrepreneurial fields, with 60% of its users from smaller cities.

 

With this acquisition, Imarticus will bring MyCaptain’s employability bootcamps in digital marketing, design, and content to its 20+ classroom centers in 16 cities, blending online and offline learning. MyCaptain will operate as a fully-owned subsidiary, and all 250 of its employees will join Imarticus, expanding the combined workforce to over 850. The move supports Imarticus’s goal to reach five million learners by FY28 and deepen its offerings in non-tech domains.

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