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WALMART FINTECH STARTUP
Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...- Swiggy’s shareholder setback; Walmart’s Flipkart pushHappy Friday! Swiggy’s move to become an Indian-owned company hit a setback after the shareholder vote fell short. This and more in today’s...
- Groww investors reap bumper returns; Lightspeed’s India rethinkHappy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dis...
- Razorpay eyes omnichannel focus for offline push: sourcesOnline payments firm Razorpay has scaled back its offline expansion plans due to sluggish growth in the vertical. Following its Ezetap acqu...
- PoS terminal supply squeeze; Skyroot CEO on unicorn flightHappy Friday! The point-of-sale (PoS) supply has dried up in India as the West Asia conflict squeezes imports. This and more in today's ETt...
- Kabeer Biswas’s concierge startup 'M' raises Rs 102 crore from Peak XV, Blume, CredKabeer Biswas, Dunzo cofounder, has launched a new AI concierge startup named M. The company secured Rs 102 crore in funding from Peak XV P...
- 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...
- 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 ...
- Flipkart secures NBFC licence from RBI, to begin lending from own booksWalmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to cu...
- PhonePe begins IPO preparations to list in IndiaGiven its revenue growth trajectory and progress towards profitability, the Walmart-backed digital payments major feels this is a good time...
- Groww moves domicile to India from the USIncreasing number of large startups across sectors looking to shift from US, Singapore
- Startup story set for better script in new year after unicorns, funds fall in 2023Startups with sustainable business models as well as the well-capitalised ones are expected to weather the current turmoil. And the horizon...
- Walmart shareholding in PhonePe reduces to 85%Since January, PhonePe has raised $850 million via five deals, including with private equity firms General Atlantic, Ribbit Capital and Tig...
- Walmart takes fintech plunge into Mexico's risky marketplaceWalmart de Mexico (Walmex) in April said it had bought Trafalgar, a payment app, to compete in a market dominated by Grupo Salinas' Baz, Ox...
- ETtech Deals Digest: Late-stage rounds in Lenskart, PhonePe take March funding for Indian startups to $1.14 billionCompared to February, startups raised 38% more against $832 million that they picked up across 89 rounds.
- Walmart-backed fintech to test banking services in coming weeks : reportThe fintech aims to make the accounts available to Walmart's 1.6 million employees within a year before rolling out services more broadly, ...
- Walmart poaches Goldman Sachs bankers for a new fintech startupOmer Ismail, head of Goldman Sachs' consumer bank, and one of his top lieutenants David Stark will leave the investment bank for Walmart's ...
- Walmart got a $10 billion surprise after buying FlipkartA payment business Walmart got as part of the deal is now emerging as one of India's top startups.
- ZestMoney raises $20m in fresh roundZestMoney said it would utilise the capital to broaden its technology focus.
- Flipkart has $60-100 million to back early-stage firmsFund to make strategic investments in startups across SaaS, fintech and supply chain.
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