PayPal selects two Chennai-based start-ups

Chennai: Payments solution provider PayPal has selected two new start-ups from Chennai under the Start Tank Incubation Centre Challenge held recently.

Clockwork Interviews Pvt Ltd and Demach Software India Pvt Ltd were chosen among 11 other startups out of the 60 applications at the recently held Start Tank Incubation Challenge, PayPal said in a statement.

The Incubation Challenge was launched in September across four cities in Tamil Nadu to identify and nurture country’s next generation technology-centric start-ups, it said.

“As a company that was started by young entrepreneurs, PayPal recognises the importance of encouraging the growth of tech start-ups and the development of an entrepreneurial ecosystem”, PayPal, Technology-Asia-Pacific, General Manager, Anupam Pahuja said.

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