Tagged: new delhi

February 22, 2024 @ 6:53 pm By Omar Faridi  |  

PhonePe announced the consumer launch of its Indus Appstore, at Bharat Mandapam in New Delhi. Indus Appstore is PhonePe’s attempt at creating “a more competitive and localized mobile app store economy for India, which is already the largest mobile apps download market globally.” The session… Read More

October 10, 2023 @ 9:47 pm By Omar Faridi  |  

Koan Advisory Group, a New Delhi-based public policy consulting firm released a report titled “Transit Payments in India – A Case for Choice and Interoperability.” The study highlights that India’s public transit systems should “allow integrated fare payments across different modes of transit, to provide… Read More

October 2, 2023 @ 7:21 pm By Omar Faridi  |  

SATYA MicroCapital Limited has reportedly secured INR 500Cr (appr. $60 million) debt funding from Japan-based Sumitomo Mitsui Banking Corporation (SMBC Bank). RBI registered NBFC-MFI, SATYA MicroCapital Limited has successfully “raised INR 500Cr (USD 60Mn) from Sumitomo Mitsui Banking Corporation which is a Japanese multinational banking… Read More

September 3, 2023 @ 4:38 pm By Omar Faridi  |  

C2FO, the world’s on-demand working capital platform, is pleased to announce its collaboration with the Business 20 (B20) and inclusion in a major policy paper published at the 2023 B20 meeting in New Delhi, India. The B20 is the official dialogue forum “between the global… Read More

March 7, 2022 @ 10:08 pm By Omar Faridi  |  

India’s Venture Debt Report 2022, released by Stride Ventures, reveals that the year 2021 saw 111 firms acquiring funds via debt, of which 91 companies were categorized as unique. Bengaluru reportedly saw the highest number of venture debt deals, making up 40% of all such… Read More

December 16, 2021 @ 10:02 am By Omar Faridi  |  

Global Fintech firm MODIFI has announced $145 million in debt financing with existing bank partners Silicon Valley Bank and Solarisbank. The proceeds will be channeled towards addressing rising demand and help more SMEs with trading internationally on MODIFI’s digital platform. The COVID-19 outbreak has “negatively… Read More

September 7, 2021 @ 11:55 am By Omar Faridi  |  

Oxane Partners, a tech-driven services provider to private markets, reveals that it has signed up two more clients, AllianceBernstein and Edmond de Rothschild REIM, for its Loan Servicing 2.0 offering. As mentioned in the announcement, lenders across the United Kingdom and Europe have signed up… Read More

August 18, 2021 @ 10:45 pm By Omar Faridi  |  

SATYA MicroCapital has reportedly acquired ₹135cr (appr. $18.17 million) in capital. The past year has been quite challenging for non-banking finance companies (NBFCs), especially when it comes to acquiring funds, because of the “liquidity crisis” in the sector following the Covid-19 outbreak. As mentioned in… Read More

February 13, 2021 @ 2:41 pm By Omar Faridi  |  

Thrasio, a company that acquires and then aims to quickly grow third-party sellers on Amazon (NASDAQ: AMZN) has finalized $750 million in new funding, raising the firm’s valuation to around $3 billion to $4 billion. The investment round was led by current investors Advent and… Read More

February 6, 2021 @ 6:37 pm By Omar Faridi  |  

SATYA MicroCapital, a fast-growing micro-lending firm based in India, has reportedly secured INR 153 Crore (appr. $21 million) in funding from Japan’s Gojo & Company. The microfinance lender confirmed that the recent investment acquired is one of the largest capital infusions it has received (and… Read More

August 12, 2020 @ 10:16 pm By Omar Faridi  |  

RevFin, a digital lending Fintech startup, has teamed up with EVI Technologies in order to finance E-Rickshaw and E-Two wheelers in India. The funding will also go toward supporting swappable battery solutions offered by EVI Technologies. The initiative will mainly cover Indian states like Delhi-NCR,… Read More

March 24, 2020 @ 11:34 pm By Omar Faridi  |  

Big Data and artificial intelligence firm ADVANCE.AI aims to assist businesses based in Asia with their digital transformation strategies. ADVANCE.AI is expanding its business operations into India by establishing business offices in Bangalore and New Delhi. The Singapore-headquartered firm also intends to open an office… Read More

October 5, 2015 @ 10:08 am By Erin Hobey  |  

IndiaLends, a credit and financial technology startup based in New Delhi, has closed a $1M bridge round led by existing investors DSG Consumer Partners, Siddharth Parekh and Gautham Radhakrishnan. IndiaLends was cofounded by Gaurav Chopra, who has an MBA from the London Business School, and Mayank Kachhwaha, who graduated from IIT… Read More