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Showing posts from February, 2013

Why is Paytm India's Top Startup?

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Paytm was launched in 2010 as an Indian start up. The original service of Paytm was to help users to make their bill payments and recharge mobile phones, while earning reward point. In this post we will see the reason why Paytm is considerd the top indian startup and get more details about this startup. What is Paytm? Paytm was founded by Vijay Shekhar Sharma, in Noida with an initial investment of $2 million. Paytm's parent company One97 Communications which is also owned by Vijay Shekhar Sharma was started in 2000 and operates into multiple fields. Who owns Paytm? Paytm has been backed by Jack Maa's Alibaba and Ratan Tata of the infamous TATA Group. Although partially owned by Chinese company Alibaba, Paytm remains an Indian company with majority of stake holders being Indians (primarily Ratan Tata and Vijay Shekhar Sharma himself.  What got Paytm the required boost? Paytm added a lot of features in 2013 and moved from a mobile and DTH recharge service to an online payment pl

Jugaad Mumbai local

Railway engineers have walled off some doors of a train to create room for extra electric motors - a clever and cost-effective improvisation that has helped boost the train’s power. As people walked towards a slow local for Borivali on Churchgate’s platform number one on Tuesday afternoon, they grappled with a never-seen-before oddity: almost every second coach of the train had only two sets of doors instead of the usual three. While many commuters dismissed the anomaly as a new coach design, it was the result of Mumbai’s famed concept of jugaad. Railway engineers have walled off the doors, also referred to as gangways, to create room for extra electric motors - a clever and cost-effective improvisation that has helped boost the train’s power. So now, the sealed areas of coaches 2, 5, 8 and 11 look like pantry cars of a Rajdhani from the outside. Over the years, similar tweaks (or acts of jugaad) have become a central feature of the city’s suburban train network. One of the mo