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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 lending business at heart, the Bengaluru-based company projects itself as a fintech ecosystem comprising UPI, insurance and mutual funds. It’s time investors took note.
Sachin Bansal’s Navi Ltd is making a go at the public markets, again. JM Financial, Axis Bank, Goldman Sachs and JPMorgan have been roped in to manage the initial public offering. The plan is to raise up to Rs 3,000 crore, or roughly $315 million, at a $2 billion valuation.
That’s a big leap for the Bengaluru-based financial services company. Just two years ago, it was in the crosshairs of the Reserve Bank of India over its lending practices. An earlier effort to raise Rs 3,350 crore came to naught in March 2022 due to weak investor sentiment.
After spending …
With the test-prep company struggling, Munjal wants Rs 200 crore each for co-founders to leave, exposing India’s broken founder-investor power dynamic.
After hitting a wall in its efforts to raise equity, the financial services company looks to increase its appeal among bond market investors by going the extra mile.
The central bank’s recent order to raise risk weightage for unsecured consumer loans has pushed leading fintech lenders to rethink core business strategies and look for funds.
