Fintech Start-ups
Fundraising woes remain for fintechs in the face of a revival of big bets
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
 "Fundraising woes remain for fintechs in the face of a revival of big bets")
PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation
New funding is part of PhonePe's ongoing capital raise of up to $1 bn, following its domicile shift to India last year
 "PhonePe raises $200 mn additional funding from Walmart at $12 bn valuation")
Funding woes remain for Indian fintechs despite revival of big bets
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
 "Funding woes remain for Indian fintechs despite revival of big bets")
Fintech outliers in the funding winter despite tough regulatory framework
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
 "Fintech outliers in the funding winter despite tough regulatory framework")
Indian fintech start-up funding fell 47% in 2022, says Tracxn report
Growth in the space was expected to continue in the long run, propelled by a large unbanked population
 "Indian fintech start-up funding fell 47% in 2022, says Tracxn report")
Bhavik Koladiya takes Ashneer Grover to court over BharatPe share dispute
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
 "Bhavik Koladiya takes Ashneer Grover to court over BharatPe share dispute")
TMS Ep336: Consumer fintech, millets, mid, and small-caps, ICICI Bank fraud
What can India's consumer fintech look forward to in 2023? Can millets be India's own super crop? Will 2023 be the year of mid, and small-caps? What is the ICICI Bank fraud case? Answers here
 "TMS Ep336: Consumer fintech, millets, mid, and small-caps, ICICI Bank fraud")
Rajnish Kumar showed signs to make money out of BharatPe: Ashneer Grover
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
 "Rajnish Kumar showed signs to make money out of BharatPe: Ashneer Grover")
Fintech firms Razorpay, Cashfree can't onboard new merchants for now
Razorpay said it was a temporary move and will not have any impact on its existing business operations and current merchants
 "Fintech firms Razorpay, Cashfree can't onboard new merchants for now")
Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint
Fintech unicorn accuses them of fraud, claims Rs 88.67 crore
 "Delhi HC summons Ashneer Grover, wife and kin over BharatPe's complaint")
BharatPe sues Ashneer Grover and wife, seeks Rs 88 cr for swindling firm
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
Fintech firm Enkash claims three-fold growth in valuation since March
Start-up that helps businesses manage their payments says it will not seek more funding this financial year
 "Fintech firm Enkash claims three-fold growth in valuation since March")
KreditBee raises $80 million in Series D from Premji Invest, others
The fintech firm aims to cross an AUM of over $1 billion in the next 6-9 months
 "KreditBee raises $80 million in Series D from Premji Invest, others")
PhonePe set to acquire fintech start-up ZestMoney for about $300 mn
Deal expected to be closed in two-four weeks, says source
 "PhonePe set to acquire fintech start-up ZestMoney for about $300 mn")
EV start-up Chargeup raises $7 million in pre-series A1 funding round
The EV market in India is expected to grow aggressively from 2 million to 80 million vehicles by 2030 as per government estimates
 "EV start-up Chargeup raises $7 million in pre-series A1 funding round")
After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows
Founder and CEO of the Hiranandani Group Niranjan Hiranandani has made an investment in Goodfellows, a start-up offering senior citizens companionship
 "After Ratan Tata, now Niranjan Hiranandani invests in Goodfellows")
MF investments in loss-making tech stocks
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?
TMS Ep286: Atmanirbhar in defence, Nikhil Kamath, markets, Star Alliance
How atmanirbhar is India when it comes to defence? What does Nikhil Kamath think of today's venture funding? What drove markets down in Samvat 2078? What is Star Alliance? All answers here
 "TMS Ep286: Atmanirbhar in defence, Nikhil Kamath, markets, Star Alliance")
Red signals for fintech industry: The valuations game of the past is over
RBI Governor Shaktikanta Das' traffic light imagery for the fintech industry has several implications
 "Red signals for fintech industry: The valuations game of the past is over")
Fintech start-up FinAGG raises $3mn in funding to expand business
Company seeks to gain from increasing global supply chain financing volumes
 "Fintech start-up FinAGG raises $3mn in funding to expand business")
