Fintech startup Paysharp gets RBI’s in-principle approval for payment aggregator licence
In the last three months, several fintech players, including Open, Infibeam, and Cashfree, got the nod for payment aggregator licence.
Delhi, Bengaluru see highest number of Uber trips in 2022: Report
The most popular product in terms of the number of trips was Uber Go, with Uber Auto coming in a very close second - showing the growing preference for App commute, for vehicles typically hailed off the roads earlier.
Lending firm Money View raises $75 million in Series E funding led by Apis Partners
The firm is currently operating at an annualized disbursal run rate of $1.2 billion and is presently managing AUMs of over $800 million.
Business in the Week Ahead: December 26-30
One new IPO will open for subscription. India’s central bank will release the deposit and loan growth data
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Reliance Jio acquires 100% stake in Reliance Infratel for about Rs 3,720 crore
Earlier in November, the National Company Law Tribunal (NCLT) had given approval to RPPMSL for the acquisition of Reliance Infratel
Reliance Retail: Takeover of Metro India operations to aid new commerce business
Metro’s 3-million customer base and a wide product range will enable Reliance Retail to rapidly scale up the retail business and strengthen its position in the industry
Worldline ePayments India gets RBI’s in-principle approval for payment aggregator licence
A payment aggregator provides payment services to merchants and e-commerce sites by accepting payment instruments from customers.
Glenmark gains 2% after launching Zita Piomet for type 2 diabetes
The drug contains Teneligliptin (20 mg) + Pioglitazone (15 mg) + Metformin (500mg/1000mg) in a sustained release (SR) formulation and help to improve glycemic control among adults with High HbA1ci and high insulin resistance.
HRtech SaaS platform BetterPlace raises $40 million in extended series C round
BetterPlace's existing investors Jungle Ventures and British International Investment also participated in the funding round
Wipro Consumer Care plans to invest Rs 100 crore in growing D2C startup ecosystem
Several packaged consumer goods makers have acquired D2C startups in 2022 or looking to invest. Marico, for instance, has acquired male grooming company Beardo, beauty brand JustHerbs and breakfast and snacks maker True Elements.
Hinduja Global Solutions board okays Rs 1,020 crore buyback
A decision in this regard was taken at a board meeting held on Monday, according to a filing.
Adani Group company VCPL acquired 8.27% stake in open offer, says NDTV
The open offer was triggered when VCPL acquired 99.5% of RRPR Holding Private Limited (RRPR). RRPR holds 29.18% of the shares in the TV news company.
SaaS firm Facilio plans to increase workforce in India, bets big on energy-saving segment
Facilio is opening a new 40,000-sq ft space in Chennai. The new office has a fully automated facility management system in place.
Wipro Consumer Care acquires Kerala-based packaged food brand Nirapara
The segment is a Rs 70,000-crore market and only 12 percent is covered by the organised sector, says Anil Chugh, who is the appointed president of the Food Business at Wipro Consumer Care.
SaaS major Freshworks lays off around 90 employees amid macroeconomic pressures
Freshworks joins the list of global and Indian SaaS firms like Salesforce, Zendesk and Chargebee that have recently announced layoffs.
RBI Governor meets with fintechs, agritechs and their industry associations
In the meeting, RBI Governor Shaktikanta Das advised fintechs to pay close attention to governance, business conduct, data protection, customer centricity, regulatory compliance and risk mitigation frameworks.
How to get personal loans with low interest rate
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Jeff Zucker, former CNN president, joins sports and media investment firm RedBird IMI as CEO
According to a Wall Street Journal report, in his new role, Zucker will focus on building, buying and investing in sports, media and entertainment entities around the world with the backing of RedBird and IMI, which together are investing $1 billion in capital to fund the joint venture.
Global edtech market is poised to touch $300 billion by 2029: Report
Amid the slowdown in the Indian market, many edtech players expanded abroad and acquired paying customers in North America, SEA, and Middleeast.
Heads Up Ventures in pact with Reliance Retail to sell fashion apparels, accessories
The garment manufacturer's products will be sold under the brand name 'HUP' and its sub-brands on the e-commerce platforms of Reliance Retail.
Mondelēz International extends partnership with HCLTech to transform hybrid-setup employee experience
HCLTech is expected to provide Mondelēz International with an intuitive, on-demand personalized user experience and faster issue resolution to its 110,000 plus employees across 79 countries
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V-Guard to acquire Sunflame Enterprises for Rs 660 crore; stock rises over 4%
The transaction is expected to close by mid of January 2023 and it would be funded through a mix of internal accruals and debt, V-Guard said.
