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PayPal selects two Chennai-based startups

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Press Trust of India Chennai
: Payments solution provider PayPal has selected two new startups 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 startups, it said.

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

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First Published: Nov 07 2014 | 2:56 PM IST

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