Ant Financial may lead $600 million funding in Zomato
Last week, Zomato said its revenue for the first half of the ongoing financial year jumped more than three-fold to $205 million, compared with $63 million in the year-ago period.
PayU invests Rs 50 crore in its lending unit
PayU had hived off the lending entity as a separate company in January.
Inventus scores Rs 230 crore in exits
The tech-focused fund recorded cash exits from three portfolio firms in December.
Meesho is in talks with Naspers for $120 million round
vThe investment, if it goes through, is expected to take Meesho’s valuation to $600-650 million, almost three times more than its previous funding round.
PayU acquires digital financial security firm Wibmo for $70 million
With this, PayU's fintech investment has crossed the $500 million mark, the company said, adding the investment has helped it reach within the top five leading global fintech investors over the last two years.
Credit Saison India gets NBFC licence from RBI
The company, which operates in the country under its registered name of Kisetsu Saison Finance India, has also received $30 million from the Tokyo Stock Exchange-listed parent entity.
India continues to be a big growth driver for Naspers
Terming FY19 as “transformational”, the company said almost all its revenue came from online activities.
Citrus co-founders turn super angels
Sato, who started two companies in Japan and exited them, enquired how much they planned to invest in startups. Not more than 5%, they replied.
CCAvenue collaborates with Riyad Bank to make inroads into Saudi Arabia's digital payment space
In collaboration with Riyad Bank the company will expand its payment platform in Saudi Arabia at a time when there is an upsurge in the country’s eCommerce market.
Avataar Venture Partners to invest $300 million in B2B and SaaS companies
Avataar Venture Partners will typically put in $10-$30 million in its portfolio companies, aiming to make about 10 investments from its maiden fund.
EpiFi scores $13 million in its seed round
Funding tap is open for a host of ventures Sequoia Capital, Ribbit Capital, others pitch in.
Anirban Mukherjee is PayU India CEO
Fintech major looks to double its loan book to about $2 billion.
PayU India CEO gets a Naspers assignment
PayU India’s CEO Amrish Rau is transitioning into a broader role as the head of financial technology partnerships and investments for Naspers’ fintech business, the company's South African parent.
More exits at PayU India, founder Shailaz Nag quits
Jitendra Gupta, another managing director who was heading the lending business of PayU India – LazyPay — also announced his departure last week.
PayU India’s Jitendra Gupta steps down
Pallav Jain, country head of PayU Finance, which was formerly known as LazyPay, is expected to take over from Gupta.
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