All fintech startups and their stories
Mumbai based fintech startup Jai Kisan has raised Rs 30 crore in the Pre-Series A round of funding. The funding was lead Arkam Ventures and saw participation from NABVENTURES Fund I.
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Paytm has expanded its ‘Postpaid’ lending service, allowing users to shop at grocery stores and several popular retail destinations in their neighbourhood. Customers can now now buy groceries and essentials on credit, without having the need to withdraw cash. The service is also extended to bill payment facilities on Paytm, shopping on Paytm mall and digital payments at various apps.
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Online grocer BigBasket is planning to raise around $150-200 million, two people aware of the development said, as the coronavirus outbreak and the nationwide lockdown are expected to boost online grocery sales. Supply chains were disrupted in the early days of the lockdown but, subsequently, e-commerce has emerged as the most viable alternative for people to source essential supplies such as groceries, as restrictions on movement and the fear of contracting the disease prompted more people to try home deliveries.BigBasket has “appointed Goldman Sachs and Morgan Stanley to help raise…
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India has overtaken China in attracting venture capital (VC)-backed investments in the fintech sector both in terms of deal value and volume in the March quarter, said data and analytics firm GlobalData. This comes amid diminished investment appetite for fintech startups due to the covid-19-led global economic crisis. China, where the pandemic originated, has been particularly hit hard.In the last two years, China’s fintech startup ecosystem was a breeding ground for VCs. This trend has now been reversed with Indian fintech startups attracting more investments.“In Asia, though there is an…
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HomeCapital, a fintech startup based in Mumbai, has raised funds from investors including Varanium NexGen Fund.
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5Paisa.com, a fin-tech firm, on Thursday announced the launch of its peer-to-peer (P2P) lending platform — 5Paisa Loans. The lending platform will function as a subsidiary of its listed parent, 5Paisa.com, and will have a separate application as well as website. In its statement, the company said 5Paisa Loans would enable individuals to lend between Rs 500 to Rs 50 lakh to multiple borrowers and the lenders could earn an interest rate of up to 36% per annum. 5Paisa loans, which acquired an NBFC license from the Reserve Bank of…
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In the last few months, Coronavirus has impacted the lives of people globally. According to the Health Ministry, India has a more than 78,000 confirmed cases, with 2,415 deaths reported. The country has been under a nationwide lockdown for over 50 days, starting from March 25. While social distancing will play a key role in helping curb the further spread of the virus, the impact of COVID-19 can be seen across industries. To survive the pandemic the companies across the globe are either letting go of their employees or introducing…
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Fintech in India is a great chapter waiting to shape up. … (This content shows as brief on main story) detailed information will show up next
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