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Consumer lending firms are set for difficult days ahead as a central bank diktat on reining in unsecured loans has choked off much-needed credit lines.
Investment in startups fell 79% in the December 4-8 week, from $514 million across 38 funding rounds in the same period a year ago. Sequentially, however, funding activity saw a surge of 81%, compared to $59 million raised across 18 rounds, last week.
Started by father-daughter duo Mansi Jain and Rajesh Jain, DigitalPaanis Internet of Things (IoT)-enabled platform optimises plant operations to treat wastewater, reduce downtime, and enable water reuse.
Shares of Paytm tanked 20% in intraday trade Thursday after the payments major said it would take a cautionary approach towards small-ticket loans. This and more in todays ETtech Top 5.
Chemical manufacturing and sourcing startup Scimplifi, wastewater management platform Digital Paani and healthcare logistics platform AllTrak raised early-stage funding, the companies said on Thursday. Scimplifi Scimplifi ......