Great Indian Startups

Paytm signs non-exclusive term sheet to acquire Freecharge; PayPal back in talks, while MobiKwik is no longer interested.   Mobile wallet player Paytm has signed a non-exclusive term sheet to acquire arch rival, Freecharge, according to two sources with direct knowledge of the discussions.  The Economic Times was the first to report the news . “ Freecharge had approached Paytm earlier this week for the deal,” said one of the sources .   Mobile wallet player Paytm has signed a non-exclusive term sheet to acquire arch rival, Freecharge, according to two sources with direct knowledge of the discussions.  The Economic Times was the first to report the news . Sources also told that Freecharge is expecting the deal size to be in the bracket of $70 million to $90 million. This is a sharp decline considering Snapdeal paid a sharp price of $400 million in April 2015, to acquire the online wallet. Freecharge was earlier in talks with multiple other players including wallet majo

I ndia’s  mecca of  startups  Bengaluru  has topped the list of 22 tech cities across the world in affordable living, as per the  Savills Tech Cities Index . T he Savills Tech Cities 2017 programme aims to understand the diverse factors that make up  a good location choice for the tech sector – examining 22 global centres  which have thriving and growing tech industries, homegrown startups and incubators, and are at the top of global shopping lists f or tech companies looking for space in which to locate. Overall,  Bengaluru ranks a low 20 among tech cities in the world , with Austin topping the list, followed by San Francisco and New York. But when it comes to the cost of living index, Bengaluru tops the charts with a weekly residential rent for tech employees and household standing at $236 – compared to the tech cities’ average of $368. It scores over cities such as Cape Town, Santiago, Buenos Aires, and Berlin. Meanwhile,  the ‘wellness’ component o