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Tag: startups
Rising Covid concerns investors ; SGX Nifty down 95 points-thumnail

Rising Covid concerns investors ; SGX Nifty down 95 points

Major Asian equities declined at the start of trading on Monday due to mounting worries about a new Covid flare-up in China and before this week’s release of crucial statistics

Healthcare

Jul 11, 2022

<strong>Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore</strong>-thumnail

Paytm’s loan disbursement business touches annualised runrate of  Rs. 24000 crore

The company also reached its highest number of monthly transacting users (MTU) 76 million on its super app during the month of June. Paytm has said that the platform’s lending

Industry

Jul 11, 2022

Rishi Arora has been promoted to co-founder of Blinkit-thumnail

Rishi Arora has been promoted to co-founder of Blinkit

According to a person familiar with the situation, quick commerce startup Blinkit, which is being acquired by food delivery company Zomato, promoted long-time executive Rishi Arora to cofounder level two

Industry

Jul 11, 2022

Startup funding fell by 40% between April and June according to the latest PwC report-thumnail

Startup funding fell by 40% between April and June according to the latest PwC report

According to a PwC India analysis, geopolitical unrest looks to be having an impact on Indian startups as total funding fell by 40% to $6.8 billion in the April-June period.

Industry

Jul 11, 2022

<strong>Pine Labs, Razorpay, and Stripe bags payment aggregator license from RBI</strong>-thumnail

Pine Labs, Razorpay, and Stripe bags payment aggregator license from RBI

A payment aggregator provides payment services for merchants and e-commerce sites by accepting payment instruments from customers. As part of the process, they pool the funds received from customers and

Finance

Jul 8, 2022

Ride-sharing company ola cabs likely to layoff up to 700 employees-thumnail

Ride-sharing company ola cabs likely to layoff up to 700 employees

“Shedding cash burn heavy businesses like Dash and cutting employee costs will give Ola more operational runway and also show a profitable business if they want to IPO,” a source

Industry

Jul 8, 2022

Fintech firm Bharatpe disbursed a record Rs 3,600 loan in April-June 2022 period-thumnail

Fintech firm Bharatpe disbursed a record Rs 3,600 loan in April-June 2022 period

Bharatpe said that it facilitated loan disbursal for over 1.2 lakh merchants during the quarter compared to 66,000 merchants that benefitted from the service in January-March quarter. Fintech firm Bharatpe

Digital Transformation

Jul 6, 2022

Crypto Lending firm Nexo to acquire peer “Vauld”-thumnail

Crypto Lending firm Nexo to acquire peer “Vauld”

Vauld became the latest decentralized finance (DeFi) firm to be hit by the crypto market’s recent downturn. In its statement on July 4, the company said that its financial challenges

Digital Transformation

Jul 6, 2022

Fintech firm Clear acquires CimplyFive, a Cloud-hosted application-thumnail

Fintech firm Clear acquires CimplyFive, a Cloud-hosted application

This is Clear’s second acquisition in 2022 after the purchase of Xpedize, an invoice discounting platform, in March. Clear has made 4 acquisitions so far, which include YBANQ in 2021

News

Jul 6, 2022

Startups are reconsidering IPOs as markets lose interest in unicorns-thumnail

Startups are reconsidering IPOs as markets lose interest in unicorns

Mumbai: As the craze for startups fades, valuations of several new-age companies have taken a beating in the market for unlisted shares, potentially delaying their plans to go public. According

Finance

Jul 6, 2022

Payment banks to request central bank to let them venture into micro-lending-thumnail

Payment banks to request central bank to let them venture into micro-lending

The industry intends to approach the regulator under the aegis of the Payments Council of India (PCI) and request it to let payments banks with a specific track record to

Finance

Jul 4, 2022

<strong>Customer shocks netizens by comparing Zomato food bills to an offline orde</strong>r-thumnail

Customer shocks netizens by comparing Zomato food bills to an offline order

A LinkedIn user compared the prices of online and offline food orders and found a startling disparity between the two. The same food order is shown in two photos, but

Industry

Jul 4, 2022


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