End trip for BluSmart?; Indian AI talent in demandHappy Friday! Gensol Engineering’s financial struggles are severely impacting ride-hailing company BluSmart. This and more in today’s ETtec...
Groww’s pre-IPO dough; Big Tech’s India winHappy Wednesday! IPO-bound Groww is shoring up new funds as it doubles its valuation. This and more in today’s ETtech Morning Dispatch.
Loans disbursed by digital lender rises by 27% on year to reach Rs 37,676 crore, says FACEDigital lenders have seen a 27% year-on-year growth in loan disbursements, reaching Rs 37,686 crore, according to data from the Fintech Ass...
Fintech Association for Consumer Empowerment plans to onboard small companies to expand baseThe Fintech Association for Consumer Empowerment (FACE) aims to include smaller companies to enhance its representation and effectiveness. ...
Zepto raises $340 million; HCLTech’s growth plansHappy Friday! Zepto has announced another $340 million fundraise, valuing it at $5 billion. More details on this and other updates in today...
RBI recognises FACE as self-regulatory organisation in FinTech sectorThe Reserve Bank of India has designated the Fintech Association for Consumer Empowerment (FACE) as a Self-Regulatory Organisation in the F...
Banks look to form their own self-regulatory body for fintechsBanks plan to form a Section 8 entity under the Companies Act to secure an SRO license for the fintech sector. Talks have included the Paym...
New-age brands buzz on deal street; Unacademy founders’ voting rightsHappy Friday! New-age brands are attracting capital from VC funds, founders and other types of investors. This and more in today’s ETtech M...
RBI unveils final guidelines for fintech SROThe RBI had unveiled draft guidelines in January this year, following which industry participants sent in their responses. The regulator wa...
Oyo’s maiden annual profit; RBI guidelines for fintech SROIn a significant turnaround, hospitality startup Oyo reported its first annual profitable fiscal on Thursday. This and more in today’s ETte...
RBI releases finalised framework for Indian fintech sector's self-regulatory bodyThe Reserve Bank of India (RBI) has finalized a framework for self-regulatory organizations (SROs) in the fintech sector, considering stake...
States & online gaming regulations; banks tap startups to foil fraudsHappy Monday! In the absence of central government’s self-regulatory mechanisms, states are framing laws for online real money gaming. This...
RBI issues draft framework for fintech self-regulatory bodiesThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly, even in the absence of formal ...
Udaan’s valuation plummets; draft rules for fintech self-regulatory bodiesBusiness-to-business (B2B) ecommerce platform Udaan has taken a major hit with its valuation being chopped by nearly half to $1.8 billion i...
RBI's draft rules on fintech SRO; Pixxel unveils mega facilityThe main idea behind the guidelines is to empower the fledgling sector to function and innovate responsibly even in the absence of formal r...
Byju’s lenders seek $200 million loan prepayment; government notifies online gaming rulesEdtech major Byju's lenders have sought up to $200 million in prepayment along with a higher interest rate to restructure its $1.2 billion ...
Tata Group lines up another Rs 3,462 crore for digital biz; Google wants loan apps to display partner banksThis will take the issued share capital of Tata Digital to Rs 15,934 crore, leaving the company the headway to obtain an additional equity ...