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Mohalla Tech CFO Manohar Charan said the company is looking to cut its losses to below Rs 1,000 crore in the ongoing financial year as it rationalises costs across key businesses like ShareChat and its short-video platform Moj.
Fintech heavyweights such as Cred and PhonePe are exploring cross-selling options and forging partnerships with banks to act as distribution channels for their credit cards. This and more in todays ETtech Morning Dispatch.
Sharechat CEO Ankush Sachdeva was the only key managerial personnel whose remuneration remained unchanged from the previous financial year
ShareChat's losses widen to ₹10,539.2 crore as expenses related to MX Takatak acquisition soar.
General Autonomy has raised $3 million in seed funding from India Quotient, Elevation Capital, others.