Tech Start-ups Come Of Age
Market lauds new-age firms’ role in the country’s digital transformation, boosting promoter wealth.
Market lauds new-age firms’ role in the country’s digital transformation, boosting promoter wealth.
PayU boasts around 5 lakh merchants in India, which estimatedly generate around $60 billion in annualised volumes
PayU’s payments business is one of the largest, fastest growing and most profitable businesses in India among non-banking players, delivering 42% year on year growth in the last year alone
Swiggy’s one of the biggest investors Prosus says its share of Swiggy's trading losses increased to $105 mn on investment in both core food delivery biz and Instamart.
Prosus-owned PayU says its proposed acquisition of BillDesk will not be implemented.
The deal is touted to be the second largest internet deal after the acquisition of Flipkart by the U.S. retail behemoth Walmart Inc.
Nexus Venture Partners-backed PaySense will be merged with PayU’s consumer lending business LazyPay.
Fintech companies in India are not just competing with banks and e-commerce players but also collaborating with them to fulfil each other’s needs, keeping the sector abuzz with investment.
As we approach the possible endgame in the current wave of technology change, watch out for interoperability in payments, SaaS, technology debt, and user experience.
In India and Russia, 99.5% of respondents were aware of fintech services which can be used to transfer money and make payments.