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Why Bessemer isn't so keen on fintech lending and payments businesses

General

07 March, 2023

Why Bessemer isn't so keen on fintech lending and payments businesses

Global venture capital firm Bessemer Venture Partners believes that fintech lending is no longer attractive and that the payments business ......

Cashfree strikes second bet with Gurugram fintech firm

TMT

28 February, 2023

Cashfree strikes second bet with Gurugram fintech firm

Payments and banking solutions provider Cashfree Payments, which counts State Bank of India, Apis Partners, Smilegate Investment and Y Combinator ......

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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 ......

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Deals Digest: Deal volume halves as funding slumps this week

TMT

17 February, 2023

Deals Digest: Deal volume halves as funding slumps this week

Deal volume nearly halved as venture capital and private equity funding activity saw a slight dip this week. Besides, mergers ......

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Startups, tech firms cut 20,000 jobs in six months

Infrastructure

10 February, 2023

Startups, tech firms cut 20,000 jobs in six months

Tech and startup companies continue to lay off employees citing over-hiring, cost pressures and funding challenges. Over the next six ......

Cred's Kunal Shah lays out medium-term roadmap as losses mount

TMT

10 February, 2023

Cred's Kunal Shah lays out medium-term roadmap as losses mount

Fintech unicorn Cred is focusing on improving monetization from its existing users as its losses accumulated to over Rs 1,279.6 ......

Paytm's loan distribution business jumps four-fold in Jan

Finance

08 February, 2023

Paytm's loan distribution business jumps four-fold in Jan

Fintech startup Paytm on Wednesday said its loan distribution business witnessed four-fold growth in January over the same period last ......

Budget 2023: What is the startup ecosystem thinking?

Finance

01 February, 2023

Budget 2023: What is the startup ecosystem thinking?

The Indian startup ecosystem witnessed multiple new developments on the policy front across various sectors, as finance minister Nirmala Sitharaman ......

LenDenClub to invest in six fintech startups under incubator program

TMT

31 January, 2023

LenDenClub to invest in six fintech startups under incubator program

Peer-to-peer (P2P) lending platform, LenDenClub’s corporate venture capital arm has onboarded six fintech firms on its startup incubator, Bharat FinTech ......

‘India's M&A activity to remain buoyant amid global slump'

TMT

31 January, 2023

‘India's M&A activity to remain buoyant amid global slump'

Bucking the global trend, the merger and acquisition (M&A) activity in India will continue to grow at its fast-paced trajectory ......