Inside the fintech and financial services bets of Z47
Z47's fintech portfolio has seen mixed outcomes, with some companies struggling for traction, reflecting the ecosystem's "middle journey" as described in its report.
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Z47's fintech portfolio has seen mixed outcomes, with some companies struggling for traction, reflecting the ecosystem's "middle journey" as described in its report.
Chiratae Ventures' exit from PB Fintech is only one of a handful of full or partial exits from its fintech portfolio, fewer than those executed by other VC firms.
It has also raised its hard cap to Rs 3,500 crore following strong investor demand.
The funding round also saw participation from 360 ONE Asset, IMM Investment, as well as existing investors Radical Ventures, growX Ventures, and others.
The approval marks another step in Zerodha’s strategy to diversify its business outside core stock broking.
The investment comes as the Sachin Bansal-led fintech firm prepares to file documents for initial public offering.
The round also saw participation from Razorpay and Wyser Capital.
Turtlemint remains the only fintech investment that Blume Ventures has taken from seed to the public markets. But it is not the only bet from which the VC has generated liquidity.
Total expenses of the company increased 25% to Rs 555.7 cr.ore during the quarter
British International Investment (BII), Accel India, and Parul Alok Mittal are also participating in the funding round.
In this editing, read the fintech reality check; and whether the frenzy around AI is actually translating into funding for Indian startups.
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The move comes as India's primary market continues to see strong listing activity, with a growing pipeline of startups and new-age companies preparing to go public.
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The additional $13 billion investment will expand AWS' data centre capacity in Mumbai and Hyderabad.
When it comes to investments in AI, Kae will not be looking at foundational models, research labs or frontier labs.