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Gig workers' incentives cool; YC attendees resell AI creditsHappy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in to...- Why India cannot build a world-class fintech champ yetIndia boasts world-class digital finance but lacks global consumer fintechs. Regulatory hurdles prevent innovation, unlike in markets with ...
- Slice eyes $50-100 million funding at lower valuation, sharpens digital bank pitchThe small finance bank has held discussions with VC funds and other investors at a time when fintech sector has come under increasing regul...
- Co-branded cards squeeze; Slice’s valuation resetHappy Wednesday! Global economic challenges are casting dark clouds over the Indian consumer lending business. This and more in today’s ETt...
- Regulators realising fintechs are here to stay: QED’s Nigel MorrisFintechs are no longer scrappy outsiders. They’re scaling faster than traditional players and increasingly, regulators are recognising them...
- Fintech-focused VC fund QED set to deploy $300 million in India, APACIn the last five years, QED Investors has invested around $220 million across Asia. It has taken early bets in Indian startups like neo-ban...
- Zepto founder on $5-bn valuation, IPO plans & how quick commerce is creating more jobs than Indian RailwaysZepto CEO Aadit Palicha envisions quick commerce as a massive job creator, surpassing even Indian Railways. He refutes claims of harming lo...
- Fintech regulations to help those who follow rules: QED’s Nigel MorrisNigel Morris, cofounder and managing partner at QED Investors, spoke to ET about the recent clampdown by India's central bank across variou...
- Zomato wavers on 10-min food delivery; new VPN rules not for companiesThe company is reviewing its ambitious plan and may settle for longer delivery times.
- Brazil's Nubank said to weigh a reduction in IPO valuationNubank had earlier this month said it aimed to raise nearly $3 billion at a valuation of more than $50 billion. That’s $12 billion more tha...
- QED, Sequoia and Tiger circle Jupiter; Carlyle, others to dilute stakes in Delhivery IPOIndia's neobanks, like all other tech startups, have been on a roll in 2021.
- IPO-bound Oyo's legal troubles; UPI booms againA legal challenge from former rival Zostel, relating to a botched acquisition in 2015, threatens to disrupt Oyo's IPO plans.
- Buffett-backed Nubank to seek IPO valuation of over $55 bn: SourcesIn a recent funding round led by Warren Buffett's Berkshire Hathaway Inc, Nubank was valued at $30 billion. With 40 million clients in Lati...
- ETtech Deals Digest: Two unicorns, and a whole lotta fundingBharatPe and Mindtickle became startup unicorns this week with funding from Tiger Global and SoftBank, respectively. Neobank Jupiter made a...
- Startup founders write to PM ModiThe who’s-who of India’s startup ecosystem, including founders and investors, have urged the government to allow Indian companies to direct...
- Flipkart could face huge fine; Jupiter raises $45MFlipkart, Binny Bansal and Sachin Bansal, as well as Tiger Global may get fined Rs 10,000 crore. Neobank Jupiter has raised $45 million fro...
- Robinhood to allow users to buy into IPOs, ahead of its own listingThe online brokerage startup is rolling out in phases its investing platform, Robinhood IPO Access, for users of its trading app, a step in...
- NerdWallet, a personal finance startup, said to file for US IPONerdWallet has hired a group of investment banks, led by Morgan Stanley, to arrange the IPO and is aiming to go public before the end of th...
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