02 Dec 2024, 16:27 PM
In October 2024, Prosus acquired a 10.65% effective interest in Mintifi Private Limited (Mintifi) for approximately $79.9 million.
02 Dec 2024, 16:01 PM
Recent data from the National Cybercrime Reporting Portal reveals a sharp increase in digital fraud incidents across India, with over 7,000 complaints reported daily...
02 Dec 2024, 13:17 PM
Around 15% of PhonePe’s payment gateway volume is currently being processed through Juspay.
30 Nov 2024, 13:56 PM
Bansal still owns about 1% of PhonePe and continues to be largest individual minority shareholder in the firm.
26 Nov 2024, 19:06 PM
Revenue from co-lending - which accounted for 54% of the operating revenue - jumped by 88% to Rs 591 crore in FY24.
26 Nov 2024, 18:49 PM
The company plans to use the funds to secure regulatory licenses, enhance its product portfolio, and boost brand visibility.
26 Nov 2024, 18:43 PM
The company has already secured $8.5 million (Rs 71.4 crore) with the rest to come in one or more tranches.
21 Nov 2024, 14:14 PM
If a report is to be believed then Razorpay - which is also planning to move its domicile to India - may see a similar 30-40% cut in fair market value.
21 Nov 2024, 13:35 PM
The B2B marketplace and fintech lender OfBusiness has appointed Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its $1 billion IPO.
21 Nov 2024, 13:16 PM
Nish Kotecha will guide the digital payments company in its IPO planned in the next 12 months.
21 Nov 2024, 12:59 PM
The company is in talks with one of India's large public sector banks for the deployment of its new platform.
21 Nov 2024, 12:38 PM
The startup plans to utilize the fresh capital for growing its lending business vertical, developing multiple new products and hiring.
21 Nov 2024, 12:11 PM
The company reported Rs 1,009 crore in revenue for FY23. However, when it filed its FY24 financials, the FY23 numbers were reflected as Rs 10.22 crore only.
18 Nov 2024, 20:28 PM
Flipkart Group’s UPI app super.money also witnessed surge in its number of transactions in October to 50 million.
18 Nov 2024, 11:48 AM
The Gurugram-based wealth-based fintech witnessed its losses grow to Rs 82.55 crore in FY24 from Rs 73.87 crore in FY23.
14 Nov 2024, 18:48 PM
With the latest round, the Pune-based SarvaGram Solutions has raised Rs 950 crore ($113 million) in total funding till date.
14 Nov 2024, 18:10 PM
About 40% of founders prefer venture debt over traditional debt and equity as it is less dilutive, while 30% sees the repayment schedule flexibility as a significant factor.
14 Nov 2024, 17:43 PM
Unifi has about Rs 27,000 crore ($3.2 billion) in assets under management (AUM) as of 31st October 2024).
14 Nov 2024, 17:21 PM
InsuranceDekho's revenue from operations surged to Rs 743.6 crore for the fiscal year, ending March 2024 from Rs 96.5 crore reported in the previous fiscal.
13 Nov 2024, 20:43 PM
The net profit reached Rs 18.5 crore during the quarter compared to Rs 7.78 crore reported in Q2 FY24.
