Page 13 - Accel News Today

The Reserve Bank of India (RBI) has instructed banks to open up pre-sanctioned credit lines through Unified Payments Interface-based transactions.

Tiger Global and Accel Partners held about 5% collectively in the Bengaluru-based etailer. Tiger registered a $3.5-billion in profits on its Flipkart investment, as per a communication sent by the New York-based fund to its limited partners (sponsors in funds) on June 28. The retailer also bought the residual stake of Flipkart cofounder Binny Bansal along with other minority shareholders.

As per Tracxn data reviewed by ET, monthly funding totals have never gone below $600 million, trailing at least as far back as March 2022 -- 17 months ago, until July and August this year.

Flipkart: Walmart’s international segment sales were up 11%, helped by double-digit growth in India among other geographies, said John David Rainey, executive vice president and chief financial officer at Walmart.

Walmarts international segment sales were up 11%, helped by double-digit growth in India among other geographies, said John David Rainey, executive vice president and chief financial officer at Walmart.

Happy Thursday! The government is planning a separate digital competition law instead of tweaking the existing Competition Act to regulate Big Tech companies. This exclusive story and more in todays ETtech Morning Dispatch.

/PRNewswire/ -- Global venture capital firm Accel today announced the opening of applications for the AI and Industry 5.0 cohorts under Atoms 3.0, the new...

Debt collection-focused software-as-a-service startup Credgenics on Wednesday said it has raised Series B funding of $50 million (around Rs 414 crore) led by existing investors ......

Tanglin Ventures and Beams Fintech Fund also participated in the funding round, Credgenics said in a statement.

The company plans to use the money to expand operations outside India and go deeper into the BFSI segment in terms of product offerings.