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Finance
VC-backed fintechs' credit card play gets second shocker as key issuer pulls the plug
SBM Bank India, the wholly-owned subsidiary of foreign lender State Bank of Mauritius (SBM), has blocked the corporate ......
Finance
Rabo, others back Avanti Finance with $24 mn cheque
Technology-led non-bank finance company (NBFC) Avanti Finance raised $24 million (about ₹197 crore) in funding from ......
TMT
Two investors knock down Byju's valuation to less than half
At least two investors of edtech major Byju’s have significantly marked down the value of their stake in the company, ......
General
Grapevine: Nuveen buys into Aviom; Nestle eyes PE-backed Capital Foods
Nuveen, an American investment manager with over $1.1 trillion of assets under management, has invested $30 million in ......
TMT
SoftBank-backed Unacademy to lay off 12% of staff
Indian edtech startup Unacademy is laying off 12% of its workforce, citing a funding winter and pressure to turn ......
General
Grapevine: PhonePe shelves plan to buy ZestMoney; Viatris' API biz for sale
Walmart-owned digital payments company PhonePe has decided to call off the deal to acquire buy-now-pay-later (BNPL) ......
Finance
IndInfravit backer Omers names new Asia-Pacific head
Ontario Municipal Employees Retirement System (Omers), which is one of the largest Canadian pension funds and has around......
TMT
Upskilling platform Scaler eyes fresh funding but may miss unicorn valuation
Upskilling focussed digital learning platform Scaler Academy, which is backed by the likes of bulge bracket asset ......
Finance
Former Mastercard chief Banga frontrunner to head World Bank
US Treasury Secretary Janet Yellen on Wednesday said she expected the US nominee to head the World Bank, former ......
TMT
Yulu seeing FY24 as turnaround year, sights major expansion
Bengaluru-based electric mobility provider, Yulu Bikes Pvt. Ltd, which has garnered interest particularly among e-......
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