Page 22 - Pine Labs News Today

Vanguard, which holds 166,185 shares of Ola or about 0.7 percent stake in the company, has pegged the fair value of its stake at $25,038,000, down from its acquisition cost of $51,748,000, the AMCs regulatory filings showed. This implies a valuation of $3.5 billion for Ola against its last private market valuation of $7.3 billion.

Vanguard has reportedly cut the valuation of its stake in homegrown ride-hailing giant Ola, making it the second markdown this year. 

Fidelity Blue Chip Growth Funds stake in the San Francisco-headquartered startup was valued at nearly $11.09 million as of April 30, 2023, which it successively marked down.

Fidelity has now valued its holding in Gupshup at $8.08 Mn, at the end of June, trimming it from $10.15 Mn at the end of May this year

Inc42 has compiled a list of some of the most active investors who have actively backed Indian fintech startups.

Inc42 has compiled a list of some of the most active investors who have actively backed Indian fintech startups.

Dragging every payment player within the ambit of the stringent anti-money-laundering Act will also make Indian payments sector unfriendly for business and complicate user experience.

MoneyX, an invite-only event, brought 350-plus VCs, PEs, angel investors, family offices and various institutional investors under one roof

Discover the latest developments in the fintech industry as 2023 brings unexpected layoffs in Asia's tech-driven financial sector.

FinTech startups in India attracted investments worth USD 1.2 billion during the first quarter of 2023