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Fintech Start-ups
Investments among fintech start-ups in India saw a decline of 47 per cent year-on-year (YoY) in 2022 at $5.65 billion, compared with $10.7 billion the previous year, according to data from Tracxn
New funding is part of PhonePe's ongoing capital raise of up to $1 bn, following its domicile shift to India last year
Investments among fintech start-ups in India saw a decline of 47% YoY in 2022 at $5.65 billion, compared to $10.7 billion the previous year
According to Tracxn, which tracks start-up data, fund-raises by fintechs slowed in calendar 2022 to $5.65 billion, a drop of 47 per cent from the preceding year
Growth in the space was expected to continue in the long run, propelled by a large unbanked population
Bhavik Koladiya and his teacher's son Shashvat Nakrani founded the fintech firm BharatPe in 2017 and Ashneer Grover joined the startup in 2018 as CEO
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BharatPe Chairman Rajnish Kumar showed early signs of "wanting control" and to "make money out of BharatPe", the fintech platform's former Co-founder and managing director Ashneer Grover has claimed
Razorpay said it was a temporary move and will not have any impact on its existing business operations and current merchants
Fintech unicorn accuses them of fraud, claims Rs 88.67 crore
Fintech platform BharatPe said it has initiated criminal and civil proceedings against its former Co-Founder, Ashneer Grover and his wife Madhuri Jain Grover over misappropriation of company funds
Start-up that helps businesses manage their payments says it will not seek more funding this financial year
The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months
Deal expected to be closed in two-four weeks, says source
The EV market in India is expected to grow aggressively from 2 million to 80 million vehicles by 2030 as per government estimates
Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship
Zomato, Delhivery, Nykaa, CarTrade-there is no chance of these companies making enough money to justify their lofty valuations. Why are mutual funds then putting investors' money at risk?
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RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
Company seeks to gain from increasing global supply chain financing volumes