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Scoop: Credit card startup Uni eyes fresh funds at over 70% valuation cut amid RBI curbsBengaluru-based Uniorbit Technologies, the parent company of Uni Cards, has so far raised $104 million across multiple rounds from investor...- Ananta Capital acquires majority stake in Rubans, one of India’s fastest-growing fashion jewellery brandAnanta Capital has invested in Fonte Fashions India, the parent company of Rubans. Rubans is a fast-growing fashion jewellery brand. Chinu ...
- P2P lending slows as RBI move clouds future of key playersThe peer-to-peer (P2P) lending sector has experienced a significant slowdown over the past year as the Reserve Bank of India (RBI) has tigh...
- Ananta Capital Significant strategic investment in D2C sneaker brand, Bacca BucciAnanta Capital, backed by Mumbai's Taparia family, has invested in Bacca Bucci, a fast-growing Indian sneaker brand founded in 2013. This s...
- P2P investors take to social media to vent against new RBI rulesSome of Mobikwik’s investors have taken to social media channels like ‘X’ and Reddit to flag their concerns around changes in their investm...
- P2P lenders like BharatPe, LenDenClub rework products, business to follow RBI diktatIndia's P2P lending startups, including BharatPe, Cred, and LenDenClub, adjust products amid regulatory scrutiny. Lendbox introduces Per An...
- P2P lenders under stress; Pocket FM’s unicorn funding roundPeer-to-peer lending companies such as Liquiloans, Lendbox, and Faircent are putting the brakes on their instant withdrawal products. This ...
- P2P lenders to stop ‘liquid funds’ as RBI peers into businessThe initiative by the Association of P2P Lending Platforms comes on the back of sharp displeasure expressed by the country’s banking regula...
- P2P companies go easy on partnership business as RBI sounds alertAccording to the founders of several of these lending platforms, given that the Reserve Bank of India is scrutinising the sector, they are ...
- P2P companies log revenue jump, thanks to business partnershipsAfter years of slow growth and a fledgling business model, some P2P platforms have shown a strong uptick in business volumes mainly through...
- Neobanking company Fi’s revival hinges on its credit offeringsInternally, the Fi is experimenting with a new user onboarding flow called Fi Lite, where customers are not mandated to open a digital bank...
- Nudged by RBI, P2P lenders look to diversify partnershipsThree people in the know told ET that while the banking regulator has not spelt out any statement on the fledgling sector explicitly, back ...
- Kunal Shah’s Newtap Technologies in talks to raise $50-70 million to push lending businessShah has discussed shoring up the funds from Cred’s existing investors including Sequoia Capital and Singapore’s sovereign fund GIC, which ...
- Cred to buy CreditVidya as fintech consolidation continuesAfter the acquisition, CreditVidya will continue to operate independently and its more than 200 employees will get access to Cred’s employe...
- Cred launches ‘Scan & Pay’ feature as it enters offline payments spaceThe feature can also be used to make peer-to-peer (P2P) transactions, either by scanning a quick response (QR) code or by feeding in the be...
- MobiKwik launches investment product Xtra, scales AUM to over Rs 100 croreThe product, which has been tested over the past month, allows users to invest as little as Rs 1,000 and looks to provide interest of up to...
- Cred to invest $10 million in P2P lending platform LiquiLoansCred will pick up a minority stake -- roughly 5-6% -- in the company, valuing it at roughly $200 million.
- Neobank Fi marks financial services foray with mutual fundsFi will offer around 600 index funds and increase the number going forward, the company said at a virtual press conference on Thursday
- Cred to enter peer-to-peer lending with user fundsCred Mint, launched in partnership with P2P non-bank LiquiLoans, will allow users to 'invest' their savings in a capital pool, which will t...
- ICICI, Yes Bank ask BharatPe to stop taking deposits in their namesThe move comes amid heightened scrutiny by the Reserve Bank of India of the burgeoning digital payments ecosystem.
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