GoPik Raises Funding From Private Investors In Singapore And India

The company’s aim is to boost its rural distribution through an online and offline network

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India’s rural engagement network GoPik Connect Pvt. Ltd announced on Wednesday it has raised seed round funding of an undisclosed amount from private investors.

The seed round funding will support the company’s growth ambitions, ability to ever expand the engagement network, and further develop the existing network at the grass-roots level.

The company aims to make all kinds of goods and services available at every nook and corner of the country by connecting people with people.

“The team and I are really excited to have the support of our

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Flipkart’s digital payments firm PhonePe to raise $700 million from existing investors

NEW DELHI (Reuters) – PhonePe, the digital payments unit of Walmart’s Indian e-commerce arm Flipkart, said on Thursday it would sell a stake to existing investors for $700 million, helping it fuel growth in a crowded market that includes Google and Amazon .

FILE PHOTO: The logo of India’s e-commerce firm Flipkart is seen in this illustration picture taken January 29, 2019. REUTERS/Danish Siddiqui/Illustration

PhonePe’s fundraising, from Flipkart investors led by Walmart, will give it a valuation of $5.5 billion, the company said in a statement.

PhonePe is also using the opportunity to assert its independence from the Flipkart Group which runs a successful e-commerce business in India rivalling Amazon’s local unit.

It will have its own board of directors, which will include founder and CEO Sameer Nigam and former Flipkart boss Binny Bansal, who is no longer at the company he co-founded.

PhonePe will also have employee stock ownership

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Investors wanted Nikola to be the next Tesla. It’s not.

Wednesday, December 2, 2020

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe

How the next breakout star for electric vehicles veered off course.

Everyone wants to invest early in the next Tesla (TSLA), which has seen its stock skyrocket 559% this year. Tesla’s rise has been fueled by the electric vehicle company’s ability to turn a profit for five quarters in a row for the first time in its history, and its impending addition to the S&P 500.



a man standing on a stage in front of a car: Former-CEO and founder of U.S. Nikola Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy, December 2, 2019. REUTERS/Massimo Pinca


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Former-CEO and founder of U.S. Nikola Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy, December 2, 2019. REUTERS/Massimo Pinca

The firm’s performance coupled with

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How pro investors are adapting to the influx of quick-triggered, app-using market players

Covid-related growth rates are spiking. And it’s not just the virus. A few months ago, The Wall Street Journal reported that retail-investing volumes had climbed 30% on a year-over-year in the first half of 2020 to nearly 20% of all trades. One young client commented that “everyone and his uncle is trading their accounts constantly.”

It makes perfect sense. With so many people at home and so few available activities or distractions, trading stocks in an up-market, at zero commissions, has become the sport of choice for millions of Americans. According to an executive at a very large financial service company, which offers a mobile trading platform, third-quarter average daily volume nearly doubled over 2019 and the number of new accounts skyrocketed.

Knowing the identity of stock owners has never been easy, but that effort is now muddied by the rise in wholesale or high-frequency trading firms such as Citadel,

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Zoom slides 14% as slowing sales-growth forecasts make investors question the stock’s 200% post-COVID rally

Two professors from the University of California, Berkeley use Zoom to teach their students through an online course.


  • Zoom Video sank as much as 14% on Tuesday after the company’s quarterly report revealed an expected slowdown in sales growth into 2021.
  • The company’s third-quarter revenue and earnings beat estimates, and guidance for the current quarter and full fiscal year landed above expectations.
  • Yet the high end of Zoom’s fourth-quarter sales forecast implies growth of 330% from the same period last year. That’s less than the year-over-year growth seen in the second and third quarters.
  • Analysts have debated whether Zoom’s 200% rally from the market’s March lows is sustainable as COVID-19 vaccines near distribution and revenue growth slightly weakens.
  • Watch Zoom trade live here.

Zoom Video tumbled as much as 14% on Tuesday after its third-quarter report hinted its incredible revenue growth will weaken through the end of

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Asia’s History of Strong Decembers Holds Promise for Investors

(Bloomberg) — Investors looking to finish the year off strong should turn their attention to Asia equity markets in December, if history is any guide.



a group of people wearing costumes: Pedestrians wearing protective face masks are reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japan’s policy decision and as U.S. futures bounced back following a global equity rout.


© Bloomberg
Pedestrians wearing protective face masks are reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japan’s policy decision and as U.S. futures bounced back following a global equity rout.

The MSCI Asia Pacific Index, which has just posted its best monthly return since 2009 with a 10.2% rally in November, may remain robust in December, based on its track record over the past decade. Since 2010, the benchmark gauge has averaged a 1% gain in the final month of the year, double the performance of the S&P 500 in December, according to data compiled by Bloomberg.



A pedestrian wearing a protective face mask is reflected in an electronic stock board outside a securities firm in Tokyo, Japan, on Thursday, Oct. 29, 2020. Japanese stocks pared losses after the Bank of Japan’s policy decision and as U.S. futures bounced back following a global equity rout.


© Bloomberg
A pedestrian wearing a protective face mask is

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Paytm Money To Help Retail Investors Invest In IPO From Now

Paytm Money is targeting 8-10 per cent of applications market share in the first year of launch

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Homegrown digital transaction provider Paytm on Monday announced that its wholly-owned subsidiary Paytm Money now facilitates investments in initial public offerings (IPOs) in the country. The Vijay Shekhar Sharma-led company claims that this additional feature will benefit retail investors with wealth creation opportunities as they will seamlessly be able to seamlessly transact. The platform within the first year of launch is targeting 8 -10 per cent of applications market share.

The complete process of IPO application has been made online thus allowing retail investors to apply for IPO from the length and breadth of this vast country. The retail investors with the help

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The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Tactile Systems Technology, Inc. (TCMD)

LOS ANGELES–(BUSINESS WIRE)–Nov 27, 2020–

The Law Offices of Frank R. Cruz reminds investors of the upcoming November 30, 2020 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased Tactile Systems Technology, Inc. (“Tactile” or the “Company”) (NASDAQ: TCMD ) securities between May 7, 2018 and June 8, 2020, inclusive (the “Class Period”).

If you are a shareholder who suffered a loss, click here to participate.

On March 20, 2019, an amended Qui Tam complaint against Tactile was unsealed, alleging that the Company illegally paid hospital staff to induce physicians to prescribe its medical devices and had submitted fraudulent claims to Medicare and Veteran’s Administration (“VA”).

On this news, Tactile’s share price fell $4.53 per share, or over 7%, over two consecutive trading sessions to close at $55.57 per share on March 22, 2019.

Then, on February 21, 2020, the

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Analysis: Investors weigh prospects for U.S. corporate earnings as stocks set records

NEW YORK (Reuters) – As U.S. stocks scale fresh record highs, investors are trying to gauge whether next year’s projected profit rebound will be strong enough to add fuel to the rally.

FILE PHOTO: The U.S. flag is seen on a building on Wall St. in the financial district in New York, U.S., November 24, 2020. REUTERS/Brendan McDermid/File Photo

Analysts are projecting that earnings for S&P 500 companies will rise 23% next year after falling more than 15% this year due to the coronavirus pandemic, according to IBES data from Refinitiv.

Yet stock prices have already staged a massive recovery from the March lows of the pandemic, with the S&P 500 index rising more than 60% from its bottom to its recent record highs amid progress toward a COVID-19 vaccine and hopes for a speedy economic recovery.

The S&P 500 is trading at 23 times expected earnings for the next

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Nasdaq, S&P 500 notch new highs as investors bank on vaccine

New York  — U.S. stocks climbed to new heights on Friday during a shortened trading session, led by gains in technology companies that propelled the Nasdaq to a record-high close.



a man talking into a microphone: FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York


© Lucas Jackson / REUTERS
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) as the building prepares to close indefinitely due to the coronavirus disease (COVID-19) outbreak in New York

The S&P 500 also finished at an all-time high, scoring its third weekly gain in the past four weeks. Investors have been encouraged by progress in getting a coronavirus vaccine approved and distributed and hopefully halting the coronavirus pandemic’s grip on the global economy.

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“Alternating between ‘Walking on Sunshine’ and ‘Future’s so Bright I Gotta Wear Shades,’ the markets are looking forward to the impact of the vaccine and not at the high/rising Covid cases,” Paul Nolte, senior vice president at Kingsview

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