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Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.- Setu strengthens top deck with senior execs from Razorpay, PhonePe, WibmoPine Labs-owned fintech appoints Anand Raisinghani as CEO, brings in former leaders from Razorpay, Clear, and PhonePe across key roles.
- Visa’s Shailesh Paul set to take over as CEO of PayU-owned WibmoPayU-backed Wibmo, a provider of online payment security services, is set to appoint Shailesh Paul—an execuitve of Visa—as its new CEO. He ...
- Bira brews debt trouble?; Investors’ Ather bonanzaHappy Wednesday! Alcoholic beverage maker B9 Beverages has run into trouble with some debt investors. This and more in today’s ETtech Morni...
- PayU appoints Axis Bank fraud risk head Pramod Rao as its new chief risk officerThe appointment comes at a time when PayU has been going through a leadership churn. Senior executives such as Vijay Agicha and Suresh Raja...
- PayU’s chief investment officer Vijay Agicha quitsVijay Agicha, chief investment and transformation officer of PayU, has resigned. He may join an investment firm. His departure follows rece...
- EV funding slows down; cloud kitchens chart a comebackFunding for India’s EV sector has nearly halved between 2022 and 2024. This and more in today’s ETtech Top 5.
- ET World Leaders Forum; PayU’s consumer payments pushHappy Monday! Top startup and tech leaders at the Economic Times World Leaders Forum said India is poised to become the hub of tech innovat...
- Now autofill your UPI Lite wallet: You will soon get option to have auto debit mandate to maintain UPI Lite balanceUPI Lite: The Reserve Bank of India announced that now UPI Lite wallet is to be integrated with the e-mandate framework. This will help in ...
- New RuPay payment mechanism using NFC: Know who will benefit from it and who may not need itNFC sticker powered by RuPay: A silicon sticker powered by RuPay using near field communication (NFC) technology is set to be launched. Thi...
- FirstCry to refile IPO papers; Lyskraft’s mega seed fundingHappy Friday! Omnichannel retailer FirstCry will refile its IPO papers following queries from Sebi. This came right on the back of Swiggy’s...
- RBI ban makes online payment aggregators seek alternative business linesRazorpay, Cashfree, Paytm and PayU cannot add merchants for their online payments business, this has allowed their rivals to grab market sh...
- PayU eyes B2B pay, credit play under new top brassFrom being an early player offering online payments to internet companies back in 2011, to facing severe competition from new-age startups ...
- 1mg pips PharmEasy in market share; what’s behind PayU’s new business forays?Tata Digital-owned 1mg has beaten rival PharmEasy to pole position in the country’s e-pharmacy market in terms of gross merchandise value. ...
- ETtech Exclusive: PayU’s global CEO, CFO likely to quit after Prosus part-sells payments businessPayU India CEO Anirban Mukherjee is now slated to directly report to Prosus chief executive officer Bob Van Dijk and may take up additional...
- Indian fintech faces tough 2023; PayU India lays off 6% of employeesThe operating environment is expected to get tougher for Indian fintech startups next year amid a worsening funding winter and regulatory c...
- Wibmo strengthens leadership team with five new appointmentsWibmo has onboarded a strong group of leaders that bring extensive experience and expertise of working in and through periods of transforma...
- PayU acquires digital financial security firm Wibmo for $70 millionWith this, PayU's fintech investment has crossed the $500 million mark, the company said, adding the investment has helped it reach within ...
- PayU in talks to buy WibmoNaspers-owned firm intends to own entire payment process through this acquisition; deal pegged at $60 m
- US payment solution company Wibmo buys MypoolinMypoolin had earlier secured funds from Accel Partners, which backs Wibmo, as part of the Indian government’s QPrize in 2015, along with Qu...
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