Tagged: nitin gupta

Juicy Update: PayU Acquires Citrus Pay, Largest Indian Fintech M&A Deal

The Gurgaon, India-based online payment service provider PayU has acquired its rival online payment gateway Citrus Pay. The deal was closed at $130M, making it by far the largest M&A cash deal in Indian fintech.Post completion, CitrusPay will be wholly owned by Naspers. Amrish Rau, an Citrus Pay MD, will become PayU India’s… Read More

India’s Largest P2P Platform Faircent Raises Capital

According to multiple reports, peer to peer lending platform Faircent has raised capital giving an estimated valuation of the peer lending site of $4 million.  Specific details of the funding round were not readily available. VCCircle stated that “an undisclosed amount in funding from Devesh Sachdev… Read More

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