The latest deal is happening when the Indian payments segment is seeing huge traction
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Launched in 2020, indiagold offers gold-backed loans, gold savings, and gold locker services to over a million consumers in India
Media reports have said Paytm, which will soon come up with its initial public offering (IPO), is also evaluating BillDesk
IT startup DotPe on Friday said it has raised around Rs 200 crore in a funding round led by Naspers firm PayU along with participation from Google and Info Edge ventures
As part of the deal, PaySense founder Prashanth Ranganathan will lead PayU's credit business in India as the CEO of the new entity
The consulting and career start-up helps students get admission into foreign universities
With this investment, PayU is one step closer to offering payments, lending, and wealthtech services in a single stack
The acquisition takes PayU's fintech investment past the $500 million mark
Deal will help PayU develop its credit portfolio in India and other high-growth markets
He said that the company will not require to set up a brick and mortar structure for the Digibank
Sequoia, an early investor in Citrus Pay, exits with good returns