Fintech Startup
Fintech startups in India raise $5.65 bn in 2022, 47% drop from 2021
Fintech startups in India raised $5.65 billion in 390 rounds last year, a massive drop of 47% in terms of funding amount and 29% in the number of rounds when compared with 2021
 "Fintech startups in India raise $5.65 bn in 2022, 47% drop from 2021")
Tell your client to maintain decorum: HC tells Ashneer Grover's counsel
Delhi High Court was hearing a suit filed by BharatPe seeking, among other reliefs, orders to restrain Grover from making defamatory statements against the company
 "Tell your client to maintain decorum: HC tells Ashneer Grover's counsel")
Legal tech start-ups have raised $57 mn in funding since 2013: Report
Indian sector has more than 650 firms and is valued at $1.3 bn to be second biggest in the world
 "Legal tech start-ups have raised $57 mn in funding since 2013: Report")
Ashneer Grover saga: A timeline of how things went wrong at BharatPe
BharatPe has filed a case against Ashneer Grover's wife, Madhuri Jain, under Section 420 for a fraud of Rs 88 crore
Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses
According to regulatory filings by Paytm and Zomato, key managerial personnel have been rewarded ESOPs worth crores during the first half of FY23
 "Zomato, Paytm dole out ESOPs to top executives in H1FY23 despite losses")
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")
Founding Fuel launches a paywall on select stories facilitated by Fewcents
The users will be allowed to make payments for a select set of individual stories instead of purchasing a bundle
 "Founding Fuel launches a paywall on select stories facilitated by Fewcents")
What does Nikhil Kamath think of venture funding in today's world?
Business Standard's Raghav Aggarwal caught up with Zerodha co-founder Nikhil Kamath, to talk about the future of fintech and funding in India. Let us listen in to the interview
 "What does Nikhil Kamath think of venture funding in today's world?")
Razorpay acquires PoshVine, forays into loyalty and rewards management
Since 2016, PoshVine has been offering its loyalty-as-a-service product to over 20 leading banks and networks
 "Razorpay acquires PoshVine, forays into loyalty and rewards management")
J&K Bank to increase exposure to corporate borrowers, PSUs: MD Prakash
In a Q&A, Baldev Prakash said the lender will also target Mumbai, Bengaluru, Delhi, Pune and Mohali through tie-ups, and hold campaigns for retail asset/liability products in order to improve its CASA
 "J&K Bank to increase exposure to corporate borrowers, PSUs: MD Prakash")
BharatPe hits $20 bn in annualised TPV, leaves Ashneer Grover saga behind
Fintech platform BharatPe said it has reached an all-time high of $20 billion in annualised total payments value, expanding its footprint to 400 towns and cities, as it leaves the Ashneer saga behind
 "BharatPe hits $20 bn in annualised TPV, leaves Ashneer Grover saga behind")
Get a masterclass on the art of scale-up from start-up wizards
Tech world's prime-movers set up Artha School of Entrepreneurship.
 "Get a masterclass on the art of scale-up from start-up wizards")
BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit
According to a media report, Koladiya's departure is due to a disagreement between him and BharatPe as well as the company's Chief Executive Officer Suhail Sameer.
 "BharatPe founder Bhavik Koladiya quits, months after Ashneer Grover's exit")
TI Clean Mobility to acquire 65% in IPL Tech Electric for Rs 246 cr
The deal would be done through a combination of primary and secondary purchases of shares
 "TI Clean Mobility to acquire 65% in IPL Tech Electric for Rs 246 cr")
Indian tech startups raise $6 billion in April-June quarter, Fintech rules
Number of deals dropped by 17% sequentially, more than half were larger than $100 million each
 "Indian tech startups raise $6 billion in April-June quarter, Fintech rules")
Our cost of funds is the lowest in the industry: Mintifi CEO Anup Agarwal
In a Q&A, Minitifi's co-founder and CEO Anup Agarwal talks about how it has enabled distributors and retailers to increase sales
 "Our cost of funds is the lowest in the industry: Mintifi CEO Anup Agarwal")
Fintech startup Progcap raises $40 mn in funding round backed by Google
Google has invested in Indian startup Progcap that caters to small and medium-sized businesses, as it raised $40 million in its Series C funding round
 "Fintech startup Progcap raises $40 mn in funding round backed by Google")
Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn
Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay
 "Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn")
Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo
The company said it would utilise the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool
 "Financial firm MyShubhLife raises Rs 100 cr in Series-B funding from Gojo")
Fintech startup BeyondIRR raises seed funding from Zerodha's Rainmatter
Udaan co-founder Sujeet Kumar also participated in the round; funding amount not revealed
 "Fintech startup BeyondIRR raises seed funding from Zerodha's Rainmatter")
