npci co-branding arrangements: NPCI cracks down on unregulated co-branding deals by PPIs
In a note, the NPCI has asked PPI issuers to stop such services with immediate effect and close down existing wallets by June 30
Source: indiatimes.com
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Swiggy's Jan-Dec loss widens 80%; Google challenges NCLAT order in SC
It was a mixed bag for Prosus in India. While its losses in Swiggy, a major portfolio company, spiked, there was a silver lining in terms of gross merchandise value (GMV) growth for the food and grocery delivery company. This and more in todays ETtech Top 5.
Source: indiatimes.com
Online Payments Report: Indian Households To Make Over 50% Non-Cash Transactions By FY26
Redseer Strategy Consultants has recently released a report titled 'Future of Online Payments' in collaboration with Plural by Pine Labs.
Source: crowdfundinsider.com
Fidelity Puts Gupshup Out Of Unicorn League, Slashes Valuation To $957 Mn
Gupshup is the latest scalp in the valuation markdown spree as Fidelity Investments slashed the unicorn’s valuation by 31.6%.
Source: inc42.com
Baron Capital Further Cuts Swiggy's Valuation To $6.5 Bn
US-based Baron Capital has now cut the valuation of Swiggy to $6.5 Bn as of March 31, 2023, days after slashing it by 34%.
Source: inc42.com