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Sequoia-backed fintech ProgCap adding another lending layer; hits breakeven

Finance

22 February, 2023

Sequoia-backed fintech ProgCap adding another lending layer; hits breakeven

Digital lending platform ProgCap, which counts among its backers Sequoia Capital, Tiger Global and Google and has been operating a ......

Stingy banks, struggling NBFCs drive credit-starved commoners into pawning family gold

Finance

22 August, 2019

Stingy banks, struggling NBFCs drive credit-starved commoners into pawning family gold

Refused a loan by a state-run lender and desperate for funds to buy cotton seeds before the summer sowing season ......

ChrysCap, PremjiInvest among anchor investors in RBL Bank

General

19 August, 2016

ChrysCap, PremjiInvest among anchor investors in RBL Bank

RBL Bank Ltd has raised Rs 364 crore ($54 million) by selling shares to anchor investors including private equity firm ......

RBL Bank cuts IPO size, seeks $1.25 bn valuation

General

10 August, 2016

RBL Bank cuts IPO size, seeks $1.25 bn valuation

RBL Bank Ltd has cut the size of its initial public offering after it raised capital from a bunch of ......

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After tasting success with NBFCs, Creador bets on an Indian bank

General

12 July, 2016

After tasting success with NBFCs, Creador bets on an Indian bank

Creador, a private equity firm focused on South and Southeast Asia that invested and later scored profitable exits from two ......

Bank employees' strike: All you need to know

General

11 July, 2016

Bank employees' strike: All you need to know

Banking operations are likely to be severely hit this week as thousands of public-sector bank officials are set to go ......