Happy Wednesday! Razorpay, Cashfree, PayGlocal and other fintech startups are seeking a licence for facilitating cross-border payments from the RBI. This and more in todays ETtech Morning Dispatch.
Subko Funding: Following the funding, Subko s valuation has increased to $34 million. The startup said the newly raised capital will be utilised to strengthen the talent pool, develop tech-enabled customer experiences, conduct research and development for product design, among others.
Subko Coffee Roasters will use the funds towards enhancing the talent pool, developing tech-enabled customer experiences, bolstering product and design R&D, improving farm-level infrastructure for speciality green coffee and fine cacao beans, and launching new ‘ready to drink’ coffee products
Nikhil Kamath, co-founder of Zerodha, suggests Bengaluru s wealth may be superficial, based on stock options and paper assets, particularly in the tech industry. He reflects on his early career in a call center, contrasting his choices with peers entering the workforce. Kamath prefers renting over buying real estate due to inflated valuations, sparking online discussions.