News/City Updates

Lycos and Kissht to set up offices in Vizag’s Fintech Valley

Two more IT companies have come forward to invest in the city of Visakhapatnam. While the news of Bodhtree coming to the city was confirmed on Friday, Lycos Internet Ltd and Kissht have also given the commitment to be a part of the Fintech Valley.

The companies are expected to provide nearly 600 job opportunities in the city. As per a Facebook post put up by the state’s IT Minister Nara Lokesh, Kissht alone will create around 300 jobs including 50 data scientists.

Bodhtree will cater to the GST needs of the state and its subsidiary, FundPitch will help with the funding of SMEs in the state, a report in The Hindu quoted.

Nara Lokesh with the representatives from Lycos

It has also been reported that the Lycos team will soon visit Visakhapatnam as a first step in setting up their office in the city. The company has agreed in principle to start a development centre for Blockchain in Visakhapatnam.

Nara Lokesh with the representatives from Kissht

Kissht Financial Technology provides digital EMI cards to customers who make online purchases. The company also provides credit based on big data analytics. Nara Lokesh informed that the company was impressed with the steps taken by the Andhra Pradesh government, and has come forward to invest in the city’s Fintech Valley. The minister has even directed the officials to immediately provide an office space for Kissht to start its operations.

Leave a Comment

Recent Posts

257 drunk drivers booked in Vizag on New Year Eve, no fatal accidents reported

On December 31, the Vizag police deployed 50 teams across the city to nab drunk…

9 hours ago

Vizag records highest liquor sales, sales surge due to New Year

On the night of December 31, Vizag recorded liquor sales of Rs 9.91 crore, out…

10 hours ago

Now, water testing at your doorstep

A mobile water testing laboratory, the first of its kind in the State, was launched…

14 hours ago

From ariselu to janthikallu: Nostalgic telugu Sankranthi goodies that taste like home

As we enter the New Year with a bang, let's remember that the festivities are…

1 day ago

Confirmed Major Theatre & OTT Releases of 2026 You Can’t Miss!

In today's ever-evolving entertainment scene, where every week brings an array of diverse content to…

1 day ago

Passenger traffic at Vizag airport touches 27 lakh between January and November, shows increase of 9.29%

Visakhapatnam International Airport has seen an increase of 9.29% in passenger footfall, as it handled…

2 days ago