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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.
With funding fizzling out, dim IPO prospects and ever-growing regulatory scrutiny, startup founders seeking an exit are increasingly going down the acquisitions road.
It looks like Indian fintech firms are on an acquisition spree.
Even though venture capitalists across the globe are sitting on $300 billion in capital, investors are less willing to take a “punt on riskier opportunities”, The Economist noted recently. Last year, fintech startups in India raised $5.65 billion, a drop of 47% from the previous year, largely driven by a decline in late-stage funding, according to data analytics firm Tracxn.
Even as seed, early- and growth-stage firms face tough funding conditions, late-stage companies could see their valuations drop. Moreover, it seems no Indian fintech firm will list on the …
The arrest and charges against an employee of the artificial intelligence company, fewer early-stage VC deals, and other updates.
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.
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
