BUSINESS
Slice raises Rs 46 crore in a pre-series B round of funding
The payments and credit startup says it will use the money to double the strength of its management team.
BUSINESS
RBI instructs lenders to adhere to fair business practices
The central bank says it has received complaints of exorbitant interest rates, harsh recovery measures, and unauthorised use of personal data by lending platforms.
BUSINESS
Aye Finance raises Rs 210 crore from existing investors
The startup has seen encouraging repayment trends and will start lending slowly to small businesses from July.
BUSINESS
Exclusive: Fintech lenders set to restart giving fresh loans, but exercise extreme caution
Digital lenders say they need banks to ease their lending strings more; small businesses need some liquidity support to restart
BUSINESS
As India unlocks, startups push for contactless ticketing in city buses
Startups can leverage QR code, GPS tracking and other solutions to make ticketing systems efficient and digital.
BUSINESS
Zerodha’s Rainmatter invests Rs 3.5 crore in GoldenPi
The startup is trying to open up bond and debenture investments for retail investors.
BUSINESS
India-China tension| Startups may find it more difficult to attract Chinese funds
Revised FDI norms had slowed down approvals, the border clash will make it even more difficult to get Chinese investment, say experts.
BUSINESS
InCred acquires digital loan platform Qbera
The company won’t confirm the amount but the deal, which was pegged at $10-15 million, is believed to have happened much cheaper.
BUSINESS
From Paytm, Flipkart to Swiggy, big Indian startups are stuffed with Chinese money
Chinese companies are one of the biggest investors in India’s startup space.
BUSINESS
Safety kits, bi-weekly payments in Swiggy’s ‘package’ for restaurants
As the food and beverages industry resumes business, Swiggy hopes to get restaurants online faster with its 'Jumpstart Package'.
BUSINESS
WhatsApp Payments, stuck in regulatory hurdles in India, goes live in Brazil
In India, the Supreme Court is still looking around the legality of WhatsApp Payments going live.
BUSINESS
Jolted by virus, Indian startups finally get down to making money
As pressure mounts and investors tighten purse strings, startups cut costs, streamline businesses with a singular aim of making profits.
BUSINESS
Coronavirus pandemic | Digital payments fall up to 68% in April
NEFT down 34%, RTGS more than 50% and debit cards 68% compared to March, RBI data shows.
BUSINESS
Coronavirus pandemic | Demand for credit cards, personal loans to go up, so will stress in these segments: Report
Banks should redesign their mix of secured and unsecured lending to take care of their assets, TransUnion Cibil has said.
BUSINESS
After tasting success in US, edutech startup Quizizz makes India debut
As coronavirus forces teachers to move classes online, the company is hoping its technology will be adopted rapidly in India like it was in the US.
BUSINESS
Competition hots up, Groww goes live with stock trading
The startup hopes to introduce futures and options and also intra-day trading over the next few months.
BUSINESS
Crypto business takes off but industry still waiting for regulations
Global technology majors, which are keen on India, are also looking for some indications from the government before bringing in their exchange businesses.
BUSINESS
EXCLUSIVE: Innoviti raises undisclosed sum in funding from FMO, Bessemer Ventures
The company seeks more funds to close its series C round and is aiming at profitability in the next six to eight months.
BUSINESS
International, domestic remittance channels see slump as migrant workers return home
While domestic remittance is down by 80 percent, international corridors, which had seen a fall during March and April, are seeing some signs of revival in May.
BUSINESS
Unlock 1.0: Used cars may see spurt in demand as consumers shun public transport
Founders of used car platforms say stress on income and higher price of new BS6 vehicles could prompt consumers looking for a personal vehicle to settle for a cheaper used car.
BUSINESS
Agents should be given a fixed remuneration to ensure viability of business correspondents: BCFI
BCFI is the industry body for business correspondents or 'bank mitras' who provide rural payments, account opening and other basic banking services to customers.
BUSINESS
How does online alcohol delivery work in India, did Zomato and Swiggy really get permission and other questions answered
Explainer: Zomato and Swiggy needed a detailed clearance from each state government and while the opportunity is huge, they will have to painstakingly go state by state to expand this line of business.
BUSINESS
IVF Access raises $5 million from Vertex Ventures
The startup says it will use the money to set up IVF clinics across the country.
BUSINESS
Winds of change as banks push for video KYC, digital channels to acquire customers
Buoyed by RBI’s video KYC guidelines, banks are looking for a faster, cheaper way of getting new customers as social distancing becomes the new normal.
