Ajay Ramanathan
Finance
Sector scan: Why microfinance firms are bracing for growth slowdown
In March, India’s microfinance sector recorded its biggest private equity transaction. That month, US-based Advent International and India’s Multiples PE ......
People
ICICI Venture-backed Indifi's co-founder Mahanot steps down from executive role
Siddharth Mahanot, co-founder of Indifi, which counts private equity firm ICICI Venture and venture capital firm Accel as investors, has stepped ......
Finance
Spotlight: What went wrong with Warburg-backed Fusion Finance as stock slumps
In December 2018, private equity firm Warburg Pincus made its debut investment in India’s microlending sector when it backed Fusion ......
Finance
Bertelsmann India leads BASIC Home Loan's Series B funding round
Fintech platform BASIC Home Loan has raised $10.6 million in a Series B funding round, led by Bertelsmann India Investments. The ......
Finance
IIFL Home's CEO Ratra on growth drivers, high cost of funds, IPO plans and more
IIFL Finance’s home loan subsidiary IIFL Home Finance has seen an uptick year-on-year in terms of assets under management to ......
TMT
Zaggle on M&A spree, acquires one firm, invests in another
Software as a service firm Zaggle Prepaid Ocean Services Thursday said it has acquired a 98.3% stake in Span Across ......
Finance
Bottomline: InCred Finance's profit zooms as loan book jumps above $1 bn
Non-bank lender InCred Financial Services Ltd more than doubled its profit and grew its assets under management at a brisk ......
Finance
Bottomline: Finova Capital's asset quality worsens even as profit rises
Non-bank lender Finova Capital continued to be troubled by asset quality risks in FY24 even as the company sustained an asset ......
Finance
MobiKwik gets go-ahead from SEBI for $84 mn IPO in second attempt
One Mobikwik Systems has received the Securities and Exchange Board of India’s (SEBI) approval to raise Rs 700 crore ($84 ......
People
Former Kotak Bank exec KVS Manian joins Federal Bank as MD, CEO
Former Kotak Mahindra Bank executive KVS Manian has taken over as the managing director and chief executive officer of Ernakulam-based ......