Optimo Capital Secures Major Funding
Prashant Pitti, co-founder of EaseMyTrip, is back in the headlines—but this time with his fintech venture, Optimo Capital. The Bengaluru-based NBFC has raised Rs 150 crore ($17.5 million) in equity funding, led by Pitti himself, alongside existing investors Blume Ventures and Omnivore.
In addition, Optimo has secured Rs 110 crore in debt funding from IDFC…
India’s crackdown on crypto platforms continues as the government targets 17 leading cryptocurrency companies accused of evading Goods and Services Tax (GST) worth INR 824 crore. The Ministry of Finance has taken action against these companies, recovering over INR 122 crore in taxes, including penalties and interest. Among the firms in focus are WazirX’s parent company, Zanmai Labs, and…
BlackRock Advisors Singapore and Jio Financial Services Form Strategic Joint Venture in India
On September 6, 2024, BlackRock Advisors Singapore Pte. Ltd. and Jio Financial Services Ltd. announced the formation of a new joint venture, Jio BlackRock Investment Advisers Private Limited. This new entity aims to provide comprehensive investment advisory services in India, marking a significant step in…
