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Captain’s Log, July 26: Indonesia’s hybrid media startup kumparan raises funding from GDP Venture

Captain’s Log, July 26: Indonesia’s hybrid media startup kumparan raises funding from GDP Venture

Also in the news is Indian SaaS company Zoho’s launching of Zoho One, an all-in-one suite of apps to run an entire business

Zoho launches Zoho One

Zoho has rolled out Zoho One, an all-in-one suite of apps to run an entire business (startups, SMBs and large enterprises) — across every function and organisational group. Zoho One includes more than 35 integrated web applications and an equal number of mobile apps under a single sign-on and with centralised administration and provisioning.

Also Read: If the US does not want Indian professionals it is okay, says Zoho CEO Sridhar Vembu

With Zoho One, a company has all the applications it needs to acquire and serve its customers (marketing, sales, and support apps); run its operations (finance, recruiting, and related HR apps); and provide all the tools for its employees to work collaboratively and get their work done (office suite, mail, personal productivity, and collaboration apps). They can even build custom apps for unique business needs and put them under the same umbrella — the single operating system for the entire business.

With over 35 applications, complementary mobile apps along with several browser extensions and extras, Zoho One offers the broadest suite of business applications in the market along with an administrative control panel for centralised administration and provisioning.

Zoho One is available for INR 1,000 per month, per employee, in India.

Paytm elevates Kiran Vasireddy as COO of payments business

Indian m-commerce and online payments company Paytm has appointed Kiran Vasireddy as the chief operating officer of its payments business. Vasireddy will be overseeing all product and business functions of the payments division in line with Paytm’s growth plans of bringing 500 million Indians into the mainstream economy.

Vasireddy has been associated with Paytm for nearly a decade and has held several key roles. He has also played an important part in leading the firm’s payments solution business, including the company’s offline payment and QR code solutions across organised retailers, parking lots, hospitals, tolls, petrol pumps, corporate food courts, and neighbourhood offline stores.

Indonesia’s hybrid media startup kumparan raises funding

Indonesia’s hybrid news portal kumparan has closed a new round of funding from Global Digital International (GDI), an investment arm of technology company builder GDP Venture. Existing investors from the startup’s initial round of funding also participated in this round.

The stage and amount of the investment remain undisclosed.

Also Read: How Kumparan plans to take Indonesian media landscape to the future

kumparan aims to use the fresh funds to expand its tech team and business development apparatus. It will roll out new offerings for users and commercial partners, and the money will also be spent on talent acquisitions in a bid to help kumparan pursue its mission of a well-informed and more socially active public in Indonesia.

kumparan now claims millions of monthly unique visitors, having onboarded several local media outlets into its platform such as prominent business media SWA and multiple East Java-based publications. The team says more media will join kumparan’s platform in the coming months.

Paytm Mall delists 50 per cent logistic partners

After delisting 85,000 sellers for failing to meet its quality standards, Paytm Mall, the m-commerce arm of Paytm Ecommerce, has delisted 50 per cent of its logistics partners, stopping deliveries to more than 9,000 PIN codes out of 26,000 where guaranteed assistance in returns and replacements was not assured.

It has delisted six out of 14 logistic partners and 30 courier aggregation centres, as they were unable to offer a consistently superior consumer experience.

Going forward, the company will expand its reach by offering a network of trusted logistics network to its partner shopkeepers and brand authorised stores across all PIN codes.

Image Credit: grinvalds / 123RF Stock Photo

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