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CREDGENICS WESTBRIDGE CAPITAL
Credgenics takes majority stake in debt collection firm ArriseThe deal is a combination of stock and cash, with the majority of the cash component to be used as primary capital by Arisse. For Credgenic...- Debt collection platform Credgenics’ profit triples to Rs 25 crore in FY25; revenue up 40%Credgenics witnessed a significant surge in net profit, reaching Rs 25 crore in FY25, driven by increased demand for efficient debt recover...
- Lenders say AI to fintech startups for debt collectionLenders are now turning to AI-led models which can reduce the cost of each collection journey. This is opening a business opportunity for n...
- ETtech Deals Digest: August startup funding down nearly 70%; bleakest month in over a yearAs per Tracxn data reviewed by ET, monthly funding totals have never gone below $600 million, trailing at least as far back as March 2022 -...
- ETtech Deals Digest: Early stage deals only respite in funding starved week for startupsAs many as 10 out of the 12 fundraises in technology startups in the first full week of August were seed-stage deals, with cheque sizes ran...
- Exclusive: New law on digital competition likely to regulate Big Tech; IT Minister Ashwini Vaishnaw on Data Protection BillHappy Thursday! The government is planning a separate digital competition law instead of tweaking the existing Competition Act to regulate ...
- Debt collections platform Credgenics secures $50 million in funding from Westbridge, Accel, othersThe company plans to use the money to expand operations outside India and go deeper into the BFSI segment in terms of product offerings.
- Zomato's earnings report, Stellaris' second India fundZomato's loss widened to Rs 360 crore in the April-June quarter on the back of revenue that increased 22% to Rs 844 crore. Stellaris Ventur...
- Credgenics raises $25 million funding from Westbridge Capital, othersThe funds will be used to expand into new demographics, strengthen the R&D, scale the core operations across India, improve client services...
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