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PHONEPE LENDING
Japan’s MUFG readies $250 million India fund as investor mix shifts in startup fundingJapan's MUFG is launching a significant $250 million fund for Indian startups. This new fund will focus on early and growth-stage companies...
Acko plans confidential IPO filing to raise $250 million; targets $2.5 billion valuationDigital insurer Acko is gearing up for a confidential IPO, aiming to raise approximately $250 million and seeking a valuation between $2-2....
UGRO Capital is ditching low-yield lending; founder on plan to triple returns by FY29UGRO Capital has halted new loans in its low-yield, DSA-led book, a strategic pivot aimed at boosting profitability. This move, involving s...
Paytm’s cap table turns Indian: What changes now?Domestic investors now own 50.3% of the digital payment firm's equity, marking a transition to majority Indian ownership and control. This ...
Haitong sees 26% upside in Paytm. Lists 4 reasons for buying the dipsHaitong has initiated a coverage on One 97 Communication (Paytm) with an ‘Outperform’ rating for a target of Rs 1,410, implying an upside o...
Fintechs go easy on IPO plans as war rattles stock marketsPublic listing plans for new-age fintech companies have received a major blow as the crisis in West Asia has battered the Indian rupee and ...
PhonePe hits pause on IPO as Iran war roils primary market sentimentDigital payments giant PhonePe has postponed its planned public listing in India. Citing global geopolitical conflicts and market instabili...
PhonePe takes its diversification to Dalal StreetPayments still power scale. But its updated draft red herring prospectus (UDRHP) shows that PhonePe’s monetisation story lies elsewhere.
How PhonePe is redefining fintech excellence through culture and complianceWhile others chase valuations, this payments giant is prioritising inclusion, governance structures, and workplace values.
The tech bets that are making PhonePe unstoppablePhonepe News: As PhonePe heads toward a reported $1.5 billion IPO following a confidential DRHP and robust FY25 results, here’s a look at t...
SMFG India Credit and PhonePe partner to launch loans for micro-merchantsSMFG India Credit has partnered with PhonePe to provide collateral-free Merchant Cash Advance loans to registered merchants, particularly t...
PhonePe’s 5% dilemma: Payments still dominate revenue as it gets IPO-readyPhonePe, backed by Walmart, is preparing for an IPO. The company's revenue heavily depends on its payments business. Financial services con...
IPO-bound PhonePe set to hire Amit Doshi as CMORohan Misra, son of former SoftBank Vision Fund chief executive Rajeev Misra, is launching his own fund, Gravity Holdings. The London-based...
PhonePe launches secured loans in partnership with a bunch of NBFCsPhonePe, a Bengaluru based fintech major, has launched secured loan products in partnership with non-banking finance companies like Tata Ca...
PhonePe is set to launch consumer lending by January 2024To begin with, the Walmart backed company will work as a distributor for personal loans, as it slowly builds up credit underwriting heft. T...
Tata to double iPhone unit capacity in Hosur; consumer lending on PhonePe soonTata Electronics, which recently acquired an iPhone assembly plant in Kolar, from Taiwan’s Wistron, aims to double the size of its iPhone-c...
PhonePe taps merchants in big lending pushAfter its planned acquisition of ZestMoney fell through, PhonePe is focussing on merchant lending. After a pilot with some 20,000 disbursed...
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 ...
How Flipkart's PhonePe plans to become a major financial services playerAbout 12 months ago, PhonePe had under 800,000 businesses on its platform, today it has over 5.8 million.