Last year, over 2,000 participants took part in the 'ICICI Appathon' challenge including a large number of entries from international developers and start-ups.
We-Media is UCWeb's platform where users can register and post their own content like articles, photos, videos etc.
Last summer, with Flipkart Online Services Pvt losing ground to Amazon.com Inc., Tiger sent in former EBay executive Kalyan Krishnamurthy to help turn around India's most valuable internet startup.
Reliance Capital will continue to own some shares in Paytm E-Commerce Pvt Ltd, the digital goods marketplace company, the source said.
In December last year, Paytm founder and CEO Vijay Shekhar Sharma had sold 1 per cent of his holding in One97 Communications, the parent firm of the digital payments firm, to raise about Rs 325 crore.
The government has already launched BHIM that uses biometric for receiving Aadhaar-enabled payments bypassing debit cards, pin and password.
The All India Online Vendor Association has written to Sitharaman that on any given month, Snapdeal holds their Rs 300 crore-Rs 400 crore in the form of outstanding dues and goods in transit or refunds.
The next round of funds will be utilised to invest in technology and expansion across India.
Paytm Mall has over 17 fulfilment centres across the country to offer consumers an efficient online shopping experience.
Last week Softbank-backed e-commerce firm Snapdeal announced laying off 500-600 employees across verticals.
MobiKwik and Alibaba-backed bigger rival Paytm have been among the biggest beneficiaries of the government's drive to ban high-value currency notes late last year as more and more people used digital wallets to buy everything from groceries to fuel.
In an e-mail to employees, Mr Bahl conceded that over the last 2-3 years, with all the capital coming into this market, the company and the entire industry "started making mistakes".
The government can promote direct procurement from startups approved on the Startup India website, the report suggested.
Industry veteran Ashok Soota-founded Happiest Minds, which hit profitability last year, is aiming to become the fastest IT services firm to reach $100 million in revenues. It has 2,200 employees.
Its platform has already facilitated 12,000 such events across major cities as well as smaller cities like Ludhiana and Jaipur.
Railway Minister Suresh Prabhu will unveil the new policy for app-based cab service next month along with providing parking space and kiosks near major stations.
As per the Budget 2017-18 document, the government had made allocation of Rs 500 crore for 2015-16 when the fund was launched.