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FPL TECHNOLOGIES FOUNDER
Are stricter rules holding back fintech startups? QED Investors' Nigel Morris weighs inIndia's fintech sector faces near-term challenges due to increased regulatory scrutiny, impacting early-stage startups' ability to scale. T...- BigBasket, 1mg founders plan transition; QED's Morris flags credit tighteningHappy Friday! BigBasket and 1mg founders are preparing to step back from day-to-day roles. This and more in today's ETtech Morning Dispatch.
- OneCard stops issuing new credit cards as RBI seeks clarifications from partner banksFPL Technologies' OneCard is facing a significant business setback as the Reserve Bank of India has instructed its partner banks to halt ne...
- Zomato’s tax trouble; Bluestone’s IPO valuationHappy Friday! Zomato has received a tax demand notice from GST authorities. This and more in today’s ETtech Morning Dispatch.
- Zomato's QIP pricing; qcomm’s bulk ordersHappy Tuesday! Zomato opened its much-talked about qualified institutional placement which expects to rack up Rs 8,500 crore as the quick c...
- From fintechs to NBFCs – A bridge too far, and other top tech & startup stories this weekAfter the issues with IL&FS and DHFL, the regulator has become very concerned about the NBFC sector. Also, a clutch of unscrupulous Chinese...
- One Card founders and Uni Cards NBFC licence applications face roadblocks from RBIET has learnt that sellers need to apply to the central bank saying that they intend to transfer the licence to the acquirer’s name.
- As card-based fintechs seek Plan B, FPL Tech set for unicorn clubThe banking regulator has, however, told some fintech firms that they should seek licences to continue operating.
- Ashneer Grover resigns from BharatPe; Step up for Amazon’s Amit AgarwalManish Tiwary, vice-president of the web retailer’s consumer business, will oversee day-to-day functions, but Agarwal will continue to head...
- FPL Technologies raises $75 million in funding at $750 million valuationThe company now plans to use the proceeds from the fresh raise to double its team strength, hire across marketing and engineering functions...
- Edtech firms join forces to set rules; Tata’s new financial marketplaceIndia’s top edtech firms are joining forces to implement a self-regulatory code on how they do business in the country. Tata Digital has se...
- FPL Technologies secures USD 10 mn funding from Sequoia India, othersThe latest investment brings FPL Technologies' total funding since launch to approximately USD 15 million, it added.
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