‘The bar for fundraising is higher now’
Vikram Chachra, founding partner, 8i Ventures, points out that in the early-stage space, VC investors have shown a clear bias towards pedigreed founders but that is beginning to change.
fintech industry
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Near bullseye: Paytm cuts losses by 40%
Vijay Shekhar Sharma had predicted that the company’s losses would decline by at least 50%.
Capital Float raises $15 million in equity funding
The Bengaluru-based fintech company says it will utilise the funds to boost its capital base and ramp up SME and consumer loan services.
Vijay Shekhar Sharma readies for the next frontier
From selling ringtones to running what can be called an Internet conglomerate, Sharma has stayed relevant and is also creating an ecosystem. Now, he wants to take Paytm to the developed world.
Indian fintech versus Covid-19
India has some of the most evolved fintech for large populations in the world. Now, it will be tested to deliver critical income in the hands of the poor in the time of the coronavirus.
YES Bank moratorium disrupts services at PhonePe
Udaan has temporarily paused settlements to YES Bank accounts; Razorpay, which also partners with YES Bank, said its payment gateway services are unaffected.
Instamojo aims to reach 10 mn merchants in three years
The company also wants to grow its loan book to ₹1,000 crore, says co-founder and chief executive Sampad Swain.
‘Financial institutions will buy payment startups’
The report by fintech consulting firm The Digital Fifth also says that unified payments interface will continue to scale and remain the default payment gateway for India.
Fintech is key to financial inclusion: Mastercard
Mastercard believes the fintech revolution can take financial inclusion to the next level in India, where digital payments have already seen a significant jump.
Calling it a day, Jack Ma style
Jack Ma, who stepped down as Alibaba chairman on September 10, has set a strong precedent for entrepreneurs on succession planning and giving back to society.
