To-The-Point

Cred sells Happay to MakeMyTrip

Cred sells Happay to MakeMyTrip

18 Nov 2024, 18:33 PM

MakeMyTrip has signed a business transfer agreement to acquire Happay, which was previously acquired by Cred in a $180 million deal in 2021.

Prosus eyes PayU IPO in 2025 after Swiggy

Prosus eyes PayU IPO in 2025 after Swiggy's successful listing

14 Nov 2024, 15:36 PM

Prosus said in a statement that it had gained $2 billion on its investment in the food delivery and quick commerce firm.

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

[Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

13 Nov 2024, 10:56 AM

A source claims LazyPay recently received a letter from the RBI flagging issues in its customer onboarding process, but the company strongly denies receiving any such communication.

Delhi High Court quashes EOW FIR against Ashneer Grover, and his wife

Delhi High Court quashes EOW FIR against Ashneer Grover, and his wife

11 Nov 2024, 16:37 PM

As part of the September 30 settlement, BharatPe has withdrawn both civil and criminal complaint against Grover and his family.

Paytm receives regulator

Paytm receives regulator's approval to add new UPI users, after 10-month ban

23 Oct 2024, 14:54 PM

The onboarding process was suspended in February this year due to directives from the Reserve Bank of India (RBI).

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

RBI bars fintech lenders Navi, DMI Finance, and others from issuing new loans

17 Oct 2024, 21:20 PM

This action, according to the RBI, is based on material supervisory concerns observed in the Pricing Policy of these companies.

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

Wibmo CEO Suresh Rajagopalan resigns: sources [Exclusive]

10 Oct 2024, 22:21 PM

Suresh Rajagopalan, chief executive officer of Wibmo, a PayU company, has resigned, according to sources.

Ebix-owner Eraaya suspends chairman Robin Raina; initiates investigation

Ebix-owner Eraaya suspends chairman Robin Raina; initiates investigation

27 Sep 2024, 20:01 PM

Eraaya’s Board unanimously voted to investigate alleged financial irregularities and suspended Ebix chairman Robin Raina from all roles, pending inquiry.

Pine Labs

Pine Labs' chief revenue officer quits: source

25 Sep 2024, 12:14 PM

Navnit Nakra – who previously served as OnePlus India CEO – joined the Noida-based payments company last year.

Paytm’s regulatory affairs and policy head quits: sources

Paytm’s regulatory affairs and policy head quits: sources

16 Sep 2024, 15:20 PM

Srinivas Yanamandra, group head of regulatory affairs and policy, was asked to resign from Paytm, according to sources.

Exclusive: Amazon-backed Axio closing $20 million fundraise

Exclusive: Amazon-backed Axio closing $20 million fundraise

22 Aug 2024, 13:56 PM

The Bengaluru-based Axio (previously known as Capital Float) is close to securing $20 million in a new equity round.

RBI amends P2P lending guidelines

RBI amends P2P lending guidelines

16 Aug 2024, 18:57 PM

After observing some peer-to-peer lending platforms violating the RBI's guidelines, the central bank has announced modifications to the master directions of NBFC-P2P.

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

Hindenburg says SEBI chief Madhabi Puri Buch’s response confirms ‘massive conflict of interest’

12 Aug 2024, 12:51 PM

The US-based short seller said Madhabi Buch's response "includes several important admissions" and "raises numerous new critical questions."

'Madhabi Puri Buch made relevant disclosures': Sebi on Hindenburg report

12 Aug 2024, 12:07 PM

Also, Madhabi Puri Buch and her husband Dhaval Buch, in a joint statement, described the Hindenbirg claims as "baseless allegations and insinuations" devoid of truth.

Sebi chief Madhabi Puri Buch had hidden stakes in Adani

Sebi chief Madhabi Puri Buch had hidden stakes in Adani's offshore funds: Hindenburg

11 Aug 2024, 00:15 AM

SEBI Chairperson and her husband, Dhaval Buch, had hidden stakes in the exact same obscure offshore Bermuda and Mauritius funds, found in the same complex nested structure, used by Vinod Adani, the report said.

Timeline: WazirX’s Volatile Journey

Timeline: WazirX’s Volatile Journey

04 Aug 2024, 01:24 AM

The Head and Tale looks back at the volatile journey of WazirX and its founder Shetty to get a sense of how far the company has come and where it currently stands.

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

Ashneer Grover asked to submit Rs 80-cr security, title deeds of DLF Camellias property to travel to US

24 May 2024, 19:47 PM

The Delhi High Court also asked BharatPe's former MD to deposit his Emirates ID issued by the UAE government.

Young entrepreneurs from Pakistan raise concerns over similarity in Ashneer Grover

Young entrepreneurs from Pakistan raise concerns over similarity in Ashneer Grover's Zerope

18 Apr 2024, 13:02 PM

Pakistan-based entrepreneurs, who pitched their startup idea to Ashneer Grover last year, are shocked to see Grover launching a venture similar to their concept.

RBI asks Visa, Mastercard to halt commercial card-based vendor payments

RBI asks Visa, Mastercard to halt commercial card-based vendor payments

19 Feb 2024, 17:43 PM

Visa has sent out a communication to its fintech partners asking them to stop Business Payment Service Provider (BPSP) transactions.

UPI 30% volume cap to even miss December 2024 deadline

UPI 30% volume cap to even miss December 2024 deadline

19 Feb 2024, 17:33 PM

In April 2024, PhonePe held 48.3% market share in terms of the total UPI volume processed; while Google Pay captured 37.4% share.

Fintech Hightlights

  1. Sachin Bansal's Navi overtakes Cred as fourth largest UPI player

  2. IndMoney's revenue from operations surges to Rs 70 crore in FY24

  3. Rural lending startup SarvaGram raises $67 million funding led by Peak XV

  4. Fintech, EV startups increasingly turning to venture debt in India: Lighthouse Canton report

  5. Unifi Asset Management receives Sebi nod to launch mutual fund business
  6. Read more highlights...

Editor's Pick

  1. [Update]: LazyPay clarifies buy-now-pay-later service halt to merchants

  2. Inside the BharatPe-Ashneer Grover Settlement: Unveiling the Behind-the-Scenes Drama

  3. Inside Paytm: The power struggle between Vijay Shekhar Sharma and Bhavesh Gupta