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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.
A series of diverse acquisitions and culture change are at the heart of the Sequoia-backed fintech firm’s efforts to turn profitable.
When Sequoia Capital India’s managing director Shailendra Singh offered Citrus Pay co-founder and close friend Amrish Rau the position of chief executive at Pine Labs three years ago, his ask was straightforward: take control of operations, bring in new investors and prepare for an initial public offering that would help the venture capital giant cash out of the Noida-based fintech firm.
When Rau joined Pine Labs in March 2020, Sequoia owned nearly 42.5% of the 25-year-old company and was already an investor for 10 years. The VC firm has since offloaded over 20% of its holding for proceeds north of …
A local fintech deal to consolidate operations, feedback on Saudi Arabia’s proposed IPO rules, and Ras Al Khaimah’s casino economy.
The kingdom is moving to tighten the rules around public listings, algorithmic trading, trading in foreign securities and company disclosures—all in an effort to chase transparency.
The newly announced levy on UPI payments undermines the very foundation of using digital payments for stock market investing. Brokers are in a tizzy.
