The company aims to achieve Rs 1,000 crore in earnings for the GroMo partner agents in the next five years, the platform, engaged in facilitating the distribution of financial products, said in a statement.
For valuation re-rating, the company will have to deliver sustained earnings improvement while adhering to high standards of corporate governance
According to the company, this is the fastest-ever launch to the profitability story of any brand in the POS category in the country.
The funding was led by Venture Catalysts (VCats) and Gruhas Proptech- an exclusive platform by Nikhil Kamath of Zerodha and Abhijeet Pai of Puzzolana Group to invest in Disruptive Proptech Companies.
Collaboration aimed at equipping students to seize the opportunities in the bourgeoning fintech landscape through mentoring, research & internships.
Stampede Capital, a non-bank liquidity solution provider, has approved fund raising via various options. It intends to raise capital up to USD 40 million and will issue 5 crore equity share warrants in the company. This will take the total authorised share capital of the company from Rs 34 crore to Rs 45 crore.
Pune-based iServe Financial Pvt. Ltd, which runs an online and offline customised financial services & solutions business, has raised an ...