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.

Share
Leave a Comment

Recent Posts

Floating bridge at RK beach ready to thrill Vizagites

The wait for Vizagites to have a thrilling experience ends as the Floating Sea Bridge…

10 hours ago

TDP clears Velagapudi, Ganababu for Visakha East and West

The Telugu Desam Party (TDP) and the Jana Sena Party (JSP), which are tied up…

20 hours ago

Therapy and comedy find common ground in Rajsekhar Mamidanna’s stand-up special

"Laughter is the best medicine", goes the age-old adage, and Rajashekhar Mamidanna is the doctor…

1 day ago

Government Victoria Hospital Installs 80 kW Solar Plant in Visakhapatnam

A Mallikarjuna officially inaugurated an 80 kW solar power facility at Government Victoria Hospital (Gosha…

2 days ago

House Robber Caught Red-Handed by Visakhapatnam Police, Rs. 13 Lakhs of Loot Recovered

The Visakhapatnam City Police arrested a notorious daytime house robbery suspect and recovered stolen property…

2 days ago

Weekend Getaways From Vizag for a Breath of Fresh Air!

The weekend calls for endless excitement and adventure. For Vizagites who have gotten all the…

2 days ago