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    • DMI Group acquires BNPL startup ZestMoney in a fire sale deal

      DMI Finance was in the fray to acquire ZestMoney. Aditya Birla Finance, Piramal and Hero Fincorp who were also in the race had backed out citing high exposure

    • DMI Finance likely to close acquisition of BNPL firm ZestMoney in next two weeks

      According to sources, the officials of DMI Finance held a meeting with the employees including the ones that received the pink slips from ZestMoney regarding the fire sale and said that most of them will retain their jobs in the startup

    • From GoMechanic to ZestMoney: Why thousands of startups shut shop in 2023

      While companies such as Zestmoney and Striker saw their business models fail after a tighter regulatory landscape, several others simply couldn’t find their product market fit (PMF).

    • BNPL startup ZestMoney to shut down, to let go of remaining 150 employees

      The move to shut down ZestMoney, which was last valued at $450 million, comes months after it raised fresh capital from Quona Capital, Omidyar Network India, Flourish Ventures, Zip and Scarlet Capital.

    • ZestMoney gets a lifeline, existing investors infuse capital

      This comes months after Walmart-backed PhonePe called off its deal with ZestMoney over due diligence concerns that led to a huge setback for the BNPL platform.

    • ZestMoney to stop insurance biz, affiliate programmes as it charts revival plan

    • MC Interview: We played a good game, we have no regrets, Co-founder Lizzie Chapman after resigning as ZestMoney CEO

    • ZestMoney eyes new funding round from existing investors as part of revival plan

    • ZestMoney 2.0: New leadership, assured variable pay for employees & profitability goals set

    • Morning Scan: All the big stories to get you started for the day

    • ZestMoney founders call it quits 2 months after PhonePe deal falls through

    • ZestMoney to lay off 20% of workforce after PhonePe deal collapse

    • PhonePe's due diligence on ZestMoney was unsatisfactory: Sameer Nigam on deal collapse

    • ZestMoney weighs layoffs as deal with PhonePe falls through

    • PhonePe calls off deal with Zest Money over due diligence concerns

    • Digital lenders align with new RBI norms ahead of November 30 deadline, brace for consolidation

    • PhonePe in talks to buy ZestMoney to bolster digital lending plans

    • Quona Capital closes $332 million fintech fund to invest in emerging markets

    • BNPL players expect up to 8X credit spike in festive bonanza despite RBI speed-breakers

    • RBI’s digital lending rules cover the same ground, long way to go

    • Slice will now lend like its BNPL peers through its card to adhere to RBI directive

    • With rising interest rates, inflation, RBI’s lens, India’s BNPL players may face speed breakers ahead

    • RBI in discussion with industry bodies ahead of finalising digital lending guidelines

    • RBI Policy: Digital lending guidelines likely to be issued in 2 months, says Governor Shaktikanta Das

    • What is SBM Bank India's fintech-first strategy?

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