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MakeMyTrip, Policybazaar warn RBI of slowing investment in fintech sector post Paytm crackdown

Economy

06 February, 2024

MakeMyTrip, Policybazaar warn RBI of slowing investment in fintech sector post Paytm crackdown

India's MakeMyTrip and insurance seller PolicyBazaar have told the central bank its crackdown on digital payments firm Paytm will hurt ......

GMO Venture, Elevation, Inventus, Matrix Partners, Finvolve lead rounds in five startups

TMT

06 February, 2024

GMO Venture, Elevation, Inventus, Matrix Partners, Finvolve lead rounds in five startups

Two-wheeler financing startup Oto, content commerce platform Wishlink, senior citizen care platform Khyaal, ride-sharing application Advance Mobility and adtech startup Adster ......

Delhivery posts first-ever profit on back of festive season demand

Infrastructure

02 February, 2024

Delhivery posts first-ever profit on back of festive season demand

Indian logistics firm Delhivery posted its first-ever quarterly profit since listing on Friday, helped by healthy demand for online shopping ......

Byju's hits back at investors, says they can't vote CEO out

TMT

02 February, 2024

Byju's hits back at investors, says they can't vote CEO out

Beleaguered edtech firm Byju's, whose major investors called for an extraordinary general meeting seeking changes in leadership, said Friday its investors do not ......

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Bottomline: Lightrock-backed axio's FY23 revenue doubles but losses widen too

TMT

02 February, 2024

Bottomline: Lightrock-backed axio's FY23 revenue doubles but losses widen too

Non-banking lender axio, which counts Lightrock, Amazon, Elevation Capital, Sequoia Capital and Ribbit Capital amongst its investors, improved its revenue ......

Byju's major investors seek leadership change, board reshuffle

TMT

01 February, 2024

Byju's major investors seek leadership change, board reshuffle

A group of Byju's shareholders including tech investor Prosus said on Thursday it is seeking a revamp of the embattled ......

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Bottomline: Udaan's NBFC arm takes a hit in revenue as group goes through optimisation

Finance

30 January, 2024

Bottomline: Udaan's NBFC arm takes a hit in revenue as group goes through optimisation

Hiveloop Capital, the NBFC subsidiary of business-to-business e-commerce unicorn Udaan recorded a decline in its revenue for FY23, even as ......

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CreditWise Capital targets sixfold growth in AUM, gears up for new funding round

Finance

25 January, 2024

CreditWise Capital targets sixfold growth in AUM, gears up for new funding round

CreditWise Capital Pvt. Ltd, a non-banking financial company that offers loans to buy two-wheelers, is aiming to grow its total ......

Byju's FY22 loss widens to over $1 bn even as revenue more than doubles

TMT

23 January, 2024

Byju's FY22 loss widens to over $1 bn even as revenue more than doubles

Think & Learn Pvt. Ltd, the company that operates edtech platform Byju’s, posted a wider loss for the financial year ......

SoftBank-backed edtech firm Eruditus narrows FY23 losses as revenue jumps

TMT

22 January, 2024

SoftBank-backed edtech firm Eruditus narrows FY23 losses as revenue jumps

SoftBank-backed edtech firm Eruditus narrowed its losses in the financial year ended June 2023 while its revenue jumped, as per ......