BUSINESS
Exclusive Interview: Not going to be a slave to investors again in my life, says BharatPe cofounder Ashneer Grover
"I will not disclose (my next move)... Will lead life on my own terms," says Ashneer Grover
BUSINESS
Ashneer Grover says investigation a sham, seeks to learn from Nithin Kamath and Bhavin Turakhia to build bootstrapped firms
Grover once again targets company chairman Rajnish Kumar, asking why the investigation did not remain confidential
BUSINESS
Why SALT app was built: Every woman, earning or not, has money flowing through her life
It’s an app focused on helping women bring intuition back to money. The three women co-founders of the app say that within three months of a customer using SALT, it will help you to configure your money system, such that your bread and butter gets taken care of.
BUSINESS
Russia-Ukraine Crisis: Cryptocurrencies will not be shielded from global volatility, says industry
Investors too are in a wait and watch mode, with most either neutral or bearish on the crypto markets.
BUSINESS
Prime Venture Partners' fourth fund gets oversubscribed, closes at $120 mn
The fund will be used to invest in early-stage tech startups across FinTech, EdTech, HealthTech, Consumer Internet and Global SaaS, besides EVs, gaming and cryptocurrencies.
BUSINESS
Niyo raises $100 million led by Accel, Lightrock; to focus on lending next
The fundraise comes almost three years after Niyo's Series B round in July 2019. The company plans to begin lending and insurance offerings in the coming year.
MCMINIS
How does BharatPe make money?
BUSINESS
ASCI guidelines to aid investor education and transparency, says Crypto industry
The guidelines by the Advertising Standards Council of India (ASCI) mandates a disclaimer stating that investments in crypto and NFT products are highly risky.
BUSINESS
Crypto, NFT advertisements: New ASCI guidelines mandate 'highly risky' disclaimer
The guidelines will be applicable for all advertisements released or published on or after April 1, 2022.
BUSINESS
Jar: An app that wants to help make investing a habit
Jar works by rounding off an individual’s daily spending and setting aside the additional money as investment.
BUSINESS
Pine Labs raises $150 mn from Alpha Wave ahead of US IPO
In the last six months, Pine Labs has raised $100 million from investment management company Invesco, as well as $20 million from the State Bank of India (SBI).
BUSINESS
Juspay to provide offering for wallet and UPI interoperability ahead of RBI deadline
Juspay provides UPI technology for banks like Axis Bank, ICICI Bank, Yes Bank as well as merchants including Amazon, Google, CRED, Bajaj, Ola, Swiggy, among others.
BUSINESS
Udaan removes 1 year ESOP cliff, employees can now tender shares every quarter
The one year cliff period is a widely prevalent industry practice that requires employees to wait for one year for their ESOPs to start vesting.
BUSINESS
RBI begins work on 75 digital bank units envisioned by budget; committee formed
The working group will lay out the final objectives and definitions for the digital banking units and will aim for the units to be operational as early as July, a source said.
BUSINESS
CredAvenue acquires Spocto Solutions for $46-56 million
CredAvenue’s first acquisition Spocto Solutions is a Mumbai-based artificial intelligence and machine learning-powered debt recovery platform.
BUSINESS
LIC IPO: Here are the risk factors to consider before investing in India's largest IPO
The corporation is in breach of SEBI norms with its stake in two asset management companies - LIC Mutual Fund Asset Management and indirect stake in IDBI Asset Management.
BUSINESS
UK-based Revolut's India arm acquires Arvog Forex in first acquisition in the country
The acquisition will help Revolut India acquire a forex license and began offering remittance and forex services to Indian customers.
BUSINESS
PB Fintech founders' share sale sees muted response, only half of planned sale executed
PB Fintech co-founders Yashish Dahiya and Alok Bansal had put 2.4 percent of their stake worth $130-140 million (over Rs 1,000 crore) on the block in a bid to make tax payments towards ESOPs that are due.
BUSINESS
PB Fintech founders to reduce stake through a $140-million block deal
The founders' cumulative stake will reduce to 8.01 percent on a fully diluted basis from 10.33 percent currently. The deal will be executed on February 11.
BUSINESS
New Umbrella Entity applications under evaluation, clarifies RBI Governor Shaktikanta Das
The RBI had received applications from around six consortiums in March 2021 to set up a retail payments management, clearing and settlement entity to rival the NPCI.
BUSINESS
Razorpay acquires Malaysian fintech Curlec at $20 mn valuation in its first international purchase
The acquisition will mark the beginning of Razorpay's global expansion plans. After Malaysia, the startup is eyeing other Southeast Asian markets including Indonesia, the Philippines and Vietnam.
BUSINESS
Mintifi raises $40 million funding round led by Norwest, Elevation Capital
The B2B startup will use the funds to strengthen infrastructure, expand offerings, including BNPL solutions for small and medium enterprises, and scale co-lending platform
BUSINESS
Revolut sees itself competing as financial super-app: India CEO Paroma Chatterjee
Revolut, a London-based fintech company, will invest $45 million in India initially to offer everything from payments, lending and remittances to digital banking. It plans to hire 300 people in India by the end of 2022.
BUSINESS
RBI nod to NBFCs to issue credit cards will come with stringent conditions
NBFCs will have to meet RBI’s conditions on minimum net worth, liquidity measures and adequate cybersecurity, sources have said
