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CRED EXECUTIVES
Scoop: Ex-Peak XV trio launches Mettle Capital, targets $350–400 million fund to back Indian startupsThree former Peak XV Partners, Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma, have launched Mettle Capital. The new venture capital fu...
Mutual funds buy new-age dip; Infy CEO interviewHappy Thursday! Mutual fund inflows into listed new-age companies rose due to valuation adjustments and FPI selloff. This and more in today...
Smaller UPI apps to demand fresh curbs on market leaders at NPCI meet: SourcesSmaller third-party UPI players are set to propose new curbs on market leaders like PhonePe, Google Pay, and Paytm to the NPCI. They aim to...
Razorpay eyes IPO; Sarvam's $1.5 billion leapHappy Monday! Razorpay is planning an IPO at a lower valuation than its $7.5 billion peak. This and more in today's ETtech Morning Dispatch.
Layoffs hit tech, GCCs; Startups rewrite summer rulesHappy Wednesday! Tech and GCC talent are facing more layoffs as they move up the value chain and integrate into global operations. This and...
Govt notifies establishment of Rs 10,000 crore Fund of Funds 2.0This second tranche of the Fund of Funds will seek to mobilise venture capital and support deeptech, tech-driven, innovative manufacturing ...
Amazon's Now pivot; Anthropic's revenue surgeAmazon is shuttering its Fresh service in major cities to focus on its quick commerce platform. This and more in today's ETtech Top 5.
Rising yields attract HNIs to bonds: Inside the new debt allocation strategyEven as this volatility spills over into equity markets, high net worth individuals (HNIs) and ultra HNIs (UHNIs) are not pulling back shar...
InCred Holdings files draft prospectus with Sebi through confidential routeInCred Holdings, parent of InCred Financial Services, has confidentially filed for an IPO with Sebi, aiming to raise Rs 4,000–5,000 crore. ...
Yes Bank ties up with Newtap Finance to Offer Financing SolutionsYes Bank has entered into a co-lending partnership with Newtap Finance to offer personalized financing solutions on CRED. Dreamplug Technol...
Why Kunal Shah’s Cred is betting on secured loan productsKunal Shah-promoted fintech has conducted market study and spoken with lending partners, but it is still early days, say sources. Unlike co...
Cred hires Sujay Das to head risk for in-house NBFC Newtap FinanceSujay Das, who spent more than 12 years at HSBC Bank and then was with Bajaj Finance, heading its analytics team, had joined Bengaluru-base...
Cred’s FY23 revenue more than triples, losses grow marginallyWhile the company’s revenues rose significantly, expenses shot up, too. In FY2023, the Bengaluru headquartered fintech reported total expen...
Kunal Shah’s inhouse NBFC ends first year with a small profitNewtap Finance is looking to set up a new management team and build partnerships with other fintechs.
Cred acqui-hires YCombinator-backed fintech SpennyzFounded in 2019 by Shah and Gaurav Arora, Spenny was a micro-investment platform that nudged users to invest small amounts of money in mutu...
Fintech platform CredAble raises $9 million in funding led by Axis BankThe company had picked up $30 million as part of its Series B fundraising in October last year, co-led by Plutus Management LLP and Oaks As...
CredAvenue acquires majority stake in Spocto SolutionsThe acquisition will help CredAvenue include a digital collection solutions for lenders and help mitigate risk and curb fraud on its platfo...
InCred, KKR merge NBFCs in all-stock deal, combined entity InCred Fin will have $300m equity baseOn a pro forma basis, InCred Finance will have an equity base of $300 million (about ₹2,226 crore) and a balance sheet of $750 million (abo...
eLender InCred acquires fintech platform QberaInCred, which is registered as a non-banking finance company with a licence from the RBI, has a loan-book size of about 2,100 crore.
InCred to offer loans through technology platformsFormer investment banker Bhupinder Singh has started a technology driven financing company InCred to address financing needs of various sec...