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Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch anywhere between $150-200 million and $300 million, has hit a snag over lapses in due diligence, disagreements over valuation, sustainability of the business, and shareholding structure of ZestMoney, according to people familiar with the matter. The collapse of the deal is also being attributed to a slowdown in the financial technology (fintech) sector in the midst of a f...

ZestMoney By Peerzada Abrar Lapses in due diligence, valuation disagreements, funding winter, tough regulatory environment, fintech slowdown being cited as reasons. Walmart-owned digital payments firm PhonePe has decided to halt its proposed acquisition of Goldman Sachs- and Xiaomi-backed ZestMoney, a Bengaluru-based buy now, pay later (BNPL) platform. The deal, which was poised to fetch

In first week of November, startup ecosystem in the country saw total funding of 212 million dollars from 18 investment deals.

New Delhi, Nov 3: Cashback and coupons app CashKaro has secured Rs 130 crore in a funding round led by Affle Global, the company said on Thursday. With this round, CashKaro has so far raised over Rs 255 crore from prominent investors like Kalaari Capital, Ratan Tata, Korea Investment Partners etc, the company said. CashKaro aims to reach 10 crore-plus user base over the next few years from its current user base of 2 crore. “This investment would strategically strengthen […]

Rural Fintech startup Jai Kisan and revenue management solution provider PriceLabs drew venture capital dollars in an otherwise uncharacteristically dull week of start-up fundraising