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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Delhi-based group lender has been struggling with mounting losses, driven by the shifting priorities of borrowers and the growing pressure on field staff to meet targets.
Group-based lending is a marvel of modern finance. Instead of individuals borrowing money, loans go to members of a small group who don’t need collateral or a credit score but have to bear collective responsibility for repayment. But what happens when such a group is formed only so the loan can be sanctioned, and members no longer bear any responsibility for repayment?
Satya MicroCapital is what happens.
The Delhi-based lender began lending to groups of women in 2017. By March 2025, it boasted Rs 4,663 crore ($491.9 million) in assets under management and was present across 26 states. At the …
The loan aggregator keeps sending updates on WhatsApp even to users who haven’t applied for a loan. The company is exploiting a grey area in India’s telecom regulatory framework and WhatsApp’s policies.
The fintech is gearing up to go public at a $5-6 billion valuation. Much like beauty, value lies in the eyes of the beholder, but public markets are rightly cross at obscene startup valuations.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
