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ASHISH ANANTHARAMAN
ZestMoney posts Rs 412 crore loss for FY23, revenues increase 72%Overall revenue for the buy-now-pay-later platform grew 72% to Rs 250 crore during the year. Total expenses in FY23 also rose 21% year-on-y...- Startups’ annus horribilis; and other top tech stories this weekIndian startups are closing 2023 with a cloud of uncertainty looming large over them.
- ZestMoney to shut down by December-end, lay off 150 employeesZestMoney employees were informed by CBO Mandar Satpute to start looking for new jobs. Two major NBFCs who were supporting ZestMoney via cr...
- Till debt do us part: will startups go the PharmEasy way, and other top tech & startup stories this weekThis week’s ETtech newsbreak on PharmEasy going for a rights issue at a price 90% lower than its peak valuation of $5.6 billion to repay de...
- Rajeev Misra’s $7 billion fund eyes more India play; SRK may say bye to Byju’sIt's been exactly a year since Rajeev Misra stepped back as the top boss of Japanese multi-billion dollar conglomerate SoftBank’s tech-focu...
- Byju’s sighs, in relief; Prosus writes off ZestMoney investment; and BGMI’s India returnAfter a long time, it was Christmas at Byju’s as a US court rejected a plea by its Term Loan B (TLB) lenders to probe a $500-million transf...
- Building entry barriers in fintech; and other top tech & startup stories this weekThe free run that Indian fintech founders had is a thing of the past. Not only has the regulator stepped in to check the speed of innovatio...
- Lending taps starting to dry up for crisis-hit ZestMoneyWith the company in turmoil, its lending partners have turned cautious, given the loans extended through ZestMoney will eventually be sitti...
- ZestMoney founders to exit troubled fintech; Amazon hikes seller fee, lays off staff in IndiaCapping months of twists and turns at the troubled fintech startup ZestMoney, its founders Lizzie Chapman, Priya Sharma and Ashish Ananthar...
- ZestMoney founders leaving troubled fintech firm post PhonePe deal collapse“There was a town hall held on Monday by the management where the founders informed the rest of the team that they are leaving the company,...
- 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 ...
- ZestMoney to lay off 100 employees after PhonePe acquisition falls throughZestMoney’s founders and leadership informed employees about the layoff at a town hall meeting on April 6, they said. The impact is expecte...
- Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy InstamartPhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple peop...
- ETtech Exclusive: PhonePe calls off deal to acquire ZestMoney amid due diligence concernsAccording to sources privy to the developments, lapses in due diligence, disagreements over valuation, sustainability of the business and s...
- Scoop: PhonePe may buy BNPL startup ZestMoney in big consolidation moveThis comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...
- 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...
- BNPL startup ZestMoney raises $50 million from Australia’s Zip CoZestMoney will use the funding to expand its product suite, deepen its network, strengthen its balance sheet and launch new business lines....
- It’s hard for women, but many are building fascinating venturesWomen still form a small proportion of the startup ecosystem, but there are signs that the environment is improving for them.
- ZestMoney raises $13.4 million in a round led by XiaomiZestMoney will strengthen its technology and data science capabilities as well as expand use cases for the core ZestMoney Affordability Pro...
- Ecommerce is passé. Moonshot ideas will grab attention of startups in 2017Moonshot ideas will grab the eyeballs - unique fintech models, an open source programming language, media and traditional businesses with a...
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