In a move that highlights growing confidence in India’s evolving digital credit landscape, Nithin and Nikhil Kamath—the co-founders of Zerodha, the country’s leading online brokerage platform—have acquired a minority stake worth Rs 250 crore in InCred Holdings. This strategic investment underscores the Kamath brothers’ belief in the future of India’s formal and technology-driven…
Introduction: MobiKwik’s Bold Move in the Fintech Space
In a strategic move aimed at expanding its footprint in the ever-growing fintech landscape, MobiKwik, one of India’s leading digital payment platforms, has announced it is acquiring a 3.39% stake in Blostem Fintech. This partnership is expected to strengthen MobiKwik’s position in the fintech sector and open up new avenues for…
Paytm’s Big Move: Selling Stake in PayPay to Boost Cash Reserves
In a significant business decision, Paytm, India’s leading fintech company, is selling its stake in the Japan-based PayPay Corporation to SoftBank Group for a whopping $250 million (over Rs 2,000 crore). The move is part of Paytm’s strategy to streamline its investments and strengthen its balance sheet. The sale will likely see…
Indian startups are back in the spotlight, with funding skyrocketing to $3.4 billion in the third quarter of 2024, doubling from last year’s $1.7 billion. This exciting rebound comes after a tough financial period, showing that the startup ecosystem is ready for a fresh wave of investment.
In Q3 2024, 262 deals were made, a 28% increase from 205 in the same quarter last year. The number of…
