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Large NBFCs like Aditya Birla Finance and Poonawalla Fincorp have informed the fintech startups they do business with that they will no longer provide capital for the highly risky buy-now-pay-later (BNPL) and very small ticket size consumer loans, according to the people cited above.
For Flipkart and indeed other marketplaces, the festive season sales are as critical as it gets. How will Flipkart tap this opportunity?
Wipro Consumer Care & Lighting's INR 200 Cr CVC started investing in Indian startups in 2019, and has made 10 bets so far
I don’t think fintech M&A has seen a lot of traction yet. It’s very hard for me to say when will it be, Arora said
Between 2018 and 2022, equity infusion has gone up to $6 billion from around $2 billion, the report from Elevation Capital found. However, 2023 overall has been a slow year in terms of venture funding.