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RUPEEK DOWN ROUND
Ex-Peak XV trio raises Mettle; Fintechs go licence huntingHappy Thursday! Three former Peak XV MDs, who abruptly left the VC firm, are launching Mettle Capital to back Indian startups. This and mor...- The Gold Standard: How a Bootstrapped Company Outlasted Every Funded Rival in India’s Goldtech BoomAugmont Enterprises has quietly established India's most comprehensive gold platform. Unlike well-funded rivals that faltered, Augmont focu...
- ETtech Deals Digest: Startup funding falls 34% on year to $118 million this weekIn terms of volume, total deals during the week stood at 18, compared to 32 a year ago, and 16 in the second week of May 2024. Sequentially...
- 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...
- Premji Invest eyes Nainital Bank stake; Ranjan Pai may back RupeekHappy Friday! Azim Premji’s family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in today’s packed...
- 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...
- Wealthtech startups rake in funds; ads on sound box coming soon!Wealthtech platforms Dezerv and Stable Money are set to close $30 million and $17 million in equity funding, respectively. While Dezerv is ...
- Regulatory actions prompt rethink among fintechs; and other top startup stories this weekFintech industry faces regulatory challenges, affecting players like Paytm Payments Bank. Market dynamics shift with increasing regulatory ...
- 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...
- Gold loan startup Rupeek is staring at a down roundRupeek could be staring at a cut of as much as 40-50% in its valuation. It was last valued at $600 million. A down round is where a company...
- Snap’s Evan Spiegel on growing beyond 200 million users in India; Banks woo fintechs to push gold loansSnap CEO Evan Spiegel elaborated on his plans for India, his vision for artificial intelligence (AI) and augmented reality (AR) in the days...
- Flipkart founder Binny Bansal eyes stake in Prime Volleyball Bengaluru teamPVL is an Indian Premier League (IPL)-like tournament with about eight teams based out of Bengaluru, Mumbai, Ahmedabad and others.
- ChatGPT maker OpenAI launches new model GPT-4; Apple delays bonuses, limits hiring to cut costsNearly four months after Artificial Intelligence (AI) lab OpenAI introduced its now hugely popular AI chatbot ChatGPT, the Sam Altman-led r...
- Scoop: Flipkart cofounder Binny Bansal looks to recharge PhonePe with $100-150 million investmentPhonePe deal to be among largest individual investments in a new-age firm; Bansal also finalising $25-30 million funding in Curefoods.
- Physics Wallah turns unicorn amid edtech carnage; Rupeek lays off 200Physics Wallah joined the unicorn club after raising $100 million from WestBridge and GSV amid edtech cargnage.
- ETtech Deals Digest: WayCool Foods, Lead School, Refyne raise fundsAgritech startup WayCool Foods, Edtech firm Lead School and salary-on-demand platform Refyne were among the startups that raised funding th...
- Look beyond software, says MoS; India suspends 73 Twitter handles, 4 YouTube channelsRajeev Chandrasekhar, minister of state for electronics and IT, said that India can turn itself from a provider of software services into a...
- Zomato’s $500m bet on Grofers, Sebi's missive on IPO adsZomato, which has twice tested—and aborted—its own grocery delivery service since the start of the pandemic, is now in talks to invest up t...
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