Gold-loan fintech firms spot a glimmer in RBI’s draft rulesBengaluru-based Rupeek, Chennai-headquartered Oro Money, Noida’s Indiagold and Manipal Fintech of Gurugram are a few of the major startups ...
Ranjan Pai, Axis Bank may back gold loan startup RupeekClaypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, wit...
A week of hits and misses in fintech; and other top tech, startup storiesHi, this is Pratik Bhakta in Bengaluru. It’s been a busy news week for us here at ETtech covering some of the most important stories in the...
RBI scanner on gold loan startups; setback for P2P lending firmsHappy Wednesday! After the central bank's action on IIFL Finance, concerns have been raised over gold loan evaluation by fintechs and their...
RBI cautions banks on gold loan disbursals through fintech startupsRBI cautions banks on gold loan disbursement concerns through fintechs like Rupeek, IndiaGold, and Oro Money. Banks evaluating next steps p...
CaratLane’s Mithun Sacheti, Binny Bansal back Xeed as Indian founders turn big local sponsors of fundsIn India, founders like Sacheti and Bansal are funding domestic funds like Xeed Ventures. The Rs 600 crore fund, with Premji Invest's backi...
Rupeek’s steep down round; Paytm to become third-party UPI appGold loan startup Rupeek may soon be tying up a new funding round, albeit at a lower valuation. This and more in today’s ETtech Morning Dis...
ETtech Deals Digest: Another drab week, but funding density improves on yearThe deals average at about $9.6 million per deal in the week, versus $3.26 million per deal in the same week of October 2022.
From hitlist to wishlist! New-age tech stocks outpace conventional sectors on Dalal StreetSo far in the current financial year, all the listed new-age consumer tech stocks have given double-digit returns, and stocks like Zomato l...
G20 summit gives catbird seat to 3Ds of India story. What should investors do?As world leaders say 'Namaste India' in New Delhi this week, one can't help but take notice of the 3Ds - Demography, Digitalisation and Dom...
CaratLane’s Mithun Sacheti on glittering Titan deal; Zerodha expects steady revenue in FY24; and FirstCry closes secondary dealHappy Monday! Mithun Sacheti hit it big on Saturday when he sold his 27% stake in online jewellery marketplace CaratLane to Titan. The Rs 4...
Web3 fintech platform Bliv.Club raises funds from Alpha Wave Ventures, other investorsIn 2022, the NFT market size reached $45 billion, indicating a significant rise compared to the market size of $100 million in 2020.
Cosmea Financial launches Torus Private Wealth; targets USD 1 bn in AUMThe company targets an AUM of USD 1 billion in the next 3 years, with a focus on providing end-to-end financial solutions and strategic adv...
Sam Ghosh launches wealth management platform TorusSam Ghosh, former chief executive of Reliance Capital, is looking to expand his financial services business. After applying for a small fin...
Cosmea Financial forms JV with Orowealth; to foray into mutual fund
Fintech platform Orowealth raises $1.6 mn in Series A fundingThis is the second round of funding for the country's first zero commission Direct Mutual Fund Platform, post the seed round raised from GS...