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PAYU VALUATION
Razorpay set for confidential IPO filing; valuation may fall to around $5 billionThe fintech startup, last valued at $7.5 billion, is expected to be questioned on growth sustainability and the road to profitability; Walm...- PayU picks up 43% stake in payments solutions firm Mindgate valuing it at $250 millionSources told ETtech that PayU will acquire the Mumbai-based Mindgate Solutions fully over the next three years. The payouts to Mindgate wil...
- Swiggy’s revenue up 24% in calendar year 2023; quick commerce unit economics improve: ProsusProsus, the largest shareholder in Swiggy, reported a 24% revenue growth for the year ended March 31, 2024, with Swiggy's gross order value...
- ED flags failure to submit papers, delays by Byju’s; HCL eyes Karnataka for chip facilityByju’s founder and chief executive Byju Raveendran could be in trouble after the Enforcement Directorate (ED) said he appears to be “guilty...
- Prosus cuts Byju's valuation to under $3 billion; PayU India, Swiggy H1 financialsTechnology investor Prosus has slashed Byju’s valuation to below $3 billion from its peak of $22 billion. This and more in today’s ETtech T...
- Prosus-owned PayU targets India IPO filing in February, hires bankersPayU has appointed Goldman Sachs, Morgan Stanley and Bank of America as advisors for the IPO, which it plans to list by the end of 2024. It...
- Prosus-owned PayU targets Feb for India IPO filing, hires bankers: ReportPayU has appointed Goldman Sachs, Morgan Stanley and Bank of America as advisors for the IPO, which it plans to list by the end of 2024, th...
- Prashanth Ranganathan’s new venture in talks for $20-25 millionRanganathan, who left Prosus-owned PayU earlier this year, is currently on gardening leave. His new venture will likely be in the wealthtec...
- Prosus agrees to sell part of PayU to Rapyd for $610 millionProsus NV plans to sell part of its emerging-markets financial technology company PayU to Israel’s Rapyd for $610 million.
- Ola’s valuation slashed 35% to $4.8 billion; ONDC caps incentives for sellers, discounts may reduceLate-stage startups in India are hit by valuation markdowns, a trend which unfolds during all downcycles in technology. After Byju’s, Swigg...
- Transaction declined: why Prosus scrapped the $4.7 billion PayU-BillDesk dealIn a note published on the Prosus’ website, Eoin Ryan, head of investor relations, said: “Certain conditions precedent were not fulfilled b...
- Wary investors walk away from large-funding deals at unicorns citing tech turbulenceGood Glamm, Acko see funding talks fall through; companies raising $100 million plus rounds struggle due to macroeconomic headwinds
- PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL spacePayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...
- PayU buys PaySense for an equity valuation of $185 millionOn the complete consummation of the deal over the next 24 months, PayU will have about 80% stake in the merged entity.
- NBFC cash crunch stings fintech firmsCapital Float’s funding talks with PayU got stuck due to doubts about its asset quality.
- PayU India hiving off lending business as a separate entityNew entity will house ‘buy now pay later’ product LazyPay.
- PayU India sees revenue nearly double to Rs 588 crore in FY18Firm claims 50% market share in ecommerce payments on the back of scaling ops and LazyPay launch.
- PayU India brings more than half the overall business of parent companyNaspers’ payments business, which gets majority of its revenues from India, valued at $5.2 billion, as per a Citi report.
- PayPal in talks with PhonePe for fundingPayPal, which has been looking to get a toehold in the fledgling but fast-growing domestic digital payments industry, had nearly closed a f...
- Naspers' PayU may invest in lending startup ZestMoneyThe ZestMoney platform enables instant account opening and real-time credit approval, combined with digital loan servicing and repayments t...
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