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ZIP ZESTMONEY FUNDING
DMI, Aditya Birla Finance in race to scoop up ZestMoney in firesaleZestMoney, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 i...- Byju’s term loan gets more expensive; MPL lays off 350 post GST hitByju's quest to settle the $1.2 billion TLB feud might come at a steeper price. The embattled edtech firm might have to pony up an addition...
- ZestMoney raises fresh capital from existing investorsAfter a proposed acquisition deal with PhonePe fell through and its founders moved on, this round could be a lifeline for the pay-later sta...
- Lifeline for ZestMoney to turn around business as existing backers pump fundsThe funding comes in the wake of payments major PayU writing off its investment in the company. Last fiscal, PayU’s close to 15% stake in Z...
- Lending taps drying up for crisis-hit ZestMoney; Payments Council pings FM for RuPay MDRTroubles seem to be mounting for beleaguered ZestMoney as lenders pull back credit lines, a day after its founders left the company after a...
- Lending taps starting to dry up for crisis-hit ZestMoneyWith the company in turmoil, its lending partners have turned cautious, given the loans extended through ZestMoney will eventually be sitti...
- 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 ...
- Why PhonePe-ZestMoney deal fell through; top leadership changes at Swiggy InstamartPhonePe has walked away from buying cash-strapped buy-now-pay-later (BNPL) startup ZestMoney amid due diligence concerns, per multiple peop...
- ETtech Exclusive: PhonePe calls off deal to acquire ZestMoney amid due diligence concernsAccording to sources privy to the developments, lapses in due diligence, disagreements over valuation, sustainability of the business and s...
- China’s iPhone City on edgeThe Zhengzhou factory – which reportedly had 120,000 workers in 2012 and more than 200,000 as of this month – is sometimes referred to as i...
- Scoop: PhonePe may buy BNPL startup ZestMoney in big consolidation moveThis comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...
- Scoop: PhonePe may acquire ZestMoney; Aditya Birla Fashion close to buying Bewakoof; and Koo's new funding roundIf the transaction goes through, it will be the biggest consolidation in the new-age lending sector, which has of late faced major regulato...
- Elevation raises $670M India fund; edtech giant lays off 1,000 employeesElevation Capital, which invested in around 30 Indian startups last year alone, has closed its latest India-dedicated fund at $670 million.
- Kissht in talks to raise fresh funds, China’s Fosun to offload stakeKissht is looking to raise $50-$75 million in a primary funding round at a valuation of $380-$420 million. The fundraising will likely incl...
- India ahead of global fintech in having more women leaders, says Lizzie ChapmanBNPL will be big with more m-cap created in India than anywhere else, says ETSA winner
- Capital Float raises $50 million from Lightrock India, othersCapital Float cofounder Sashank Rishyasringa said that the newly infused capital will help the firm shore up its risk stack and also help i...
- ET Startup Awards 2021: ZestMoney’s Lizzie Chapman wins the Woman Ahead awardIn 2015, amid a funding frenzy in the startup ecosystem locally, Lizzie Chapman founded ZestMoney with former colleagues from Wonga, to mak...
- ETtech Deals Digest: Cars24, Delhivery raise funds this weekOnline used car marketplace Cars24 and logistics startup Delhivery were among the companies that raised funds this week.
- BNPL startup ZestMoney raises $50 million from Australia’s Zip CoZestMoney will use the funding to expand its product suite, deepen its network, strengthen its balance sheet and launch new business lines....
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