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Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.- Mobikwik says ex-employee defrauded firm of Rs 1.26 crore, heldPer a stock exchange filing, between August 2023 and September 2024, Gaurav Sharma misappropriated company funds by altering merchant detai...
- Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
- DMI Group acquires ZestMoney in a fire saleThe deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking finance company (NBFC) arm DMI Finance beco...
- Decoding MobiKwik’s second attempt at public listingThis is the second time One MobiKwik Systems has filed its draft papers. MobiKwik had abandoned its initial listing plans in 2021, citing w...
- Diwali Shopping: A 2% convenience fee on BNPL can cost you as much as 72% interest per annum, compare the cost before you buyFestive season around Diwali has traditionally been the period when people typically spend highest amount on shopping in any given year. Th...
- 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 ...
- PharmEasy devaluation: Thyrocare founder invokes anti-dilution; Flipkart employees to receive esop payoutHappy Friday! Arokiaswamy Velumani, founder of Thyrocare, which was acquired by PharmEasy in 2021, had secured anti-dilution rights when he...
- How Kunal Shah's Cred is rejigging the fintech’s lending strategy to tap more usersIn a major change to its lending strategy, Cred plans to cater to consumers who are new to credit and have never taken any formal credit in...
- PhonePe bags another $100M from General Atlantic; TCS snags Rs 15,000 crore BSNL advance orderWalmart-backed digital payments major PhonePe on Monday announced that it has raised $100 million in funding from General Atlantic, confirm...
- ZestMoney top leadership to form new management after founders leaveIn a town hall held on Monday, ZestMoney’s founders— Chapman, Priya Sharma and Ashish Ananthataman— informed employees that they would be s...
- Exclusive: India mulls new valuation norms for angel tax; Amazon, Samara eye stake sale in More RetailIndia is considering using valuation criterion established by the Foreign Exchange Management Act (FEMA) for angel tax on foreign investmen...
- ETtech Exclusive: PhonePe may waive off ZestMoney’s $18 million debt after failed acquisitionThe Walmart-owned digital payments major is looking to strike a commercial agreement and may pay $8 million to ZestMoney for the licensing ...
- PhonePe chalks up further $100 million from General Atlantic; more expectedPrivate equity, co-investors have infused $450 m in ongoing fundraise, may go up to $600m
- Tata Neu’s muted first year, PhonePe-ZestMoney deal called off & the week’s top tech storiesHi Digbijay here in Bengaluru. Last month, I was in Mumbai and visited the offices of the newest ecommerce challenger in India –Tata Digita...
- PhonePe raises $350 million funding from General Atlantic at $12 billion pre-money valuationWhile the primary fundraising is estimated to be $1 billion in size, a secondary share sale will take the total financing to a range of $1....
- Scoop: PhonePe may acquire ZestMoney; Aditya Birla Fashion close to buying Bewakoof; and Koo's new funding roundIf the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulato...
- WhatsApp Pay gets UPI boost; tough times for roll-up ecommerceThat could all change soon, though, as NPCI – which runs UPI – has now allowed WhatsApp Pay to increase its user limit from 40 million to 1...
- Buy now, pay later: The craze that's helping India’s millions of mom-and-pops get access to financeAfter a long period of relative stagnation, India’s retail industry is on the move. Even small shops can now access large, organized wholes...
- Youngest Indian unicorn; Pine Labs hires bankers for IPOIn September 2018, Udaan became the fastest Indian startup to achieve unicorn status, doing so in just 26 months. But with the unprecedente...
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