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Indias top internet firms like Flipkart have been fertile breeding grounds for entrepreneurs who left jobs to start something of their own. Drawing on a record inflow of venture capital in the past decade, 297 founders set up some 253 new companies, bolstering Indias Startup Mafia. This and more in todays ETtech Morning Dispatch.
After having secured $500 million from Abu Dhabi Investment Authority (ADIA), the Gulf Sovereign wealth fund (SWF) in March, eyewear startup Lenskart has now raised another $100 million from private equity fund ChrysCapital as it aims to expand to more markets.
Uni Cards has acquired peer-to-peer lending platform OHMY Technologies (known as OMLP2P), according to a person aware of the development. OML owns a NBFC-P2P licence ......
Buy-now-pay-later startup Uni Cards has reportedly acquired OHMY Technologies (OMLP2P), a peer-to-peer lending platform.
Post digital lending guidelines from the RBI, it has become difficult for unregulated fintech lending platforms to operate.