Posts Tagged ‘India’

Fintech’s reach is limited to the rich 23% of Indians, says report

Fintech companies have succeeded to cater to only 23 per cent of the elite/affluent section of the Indian economy while a huge portion still remains untapped. The lower and middle income segment, which comprises 47 per cent of the population, remains a potential market, states a study supported by JP Morgan. Fintechs have the opportunity […]

AmEx Ventures-backed financial marketplace IndiaLends secures $10 Mn Series B round

Fintech startup IndiaLends has raised $10 million in its Series B round of funding led by London-based ACPI Investment Managers and India-focused Ganesh Ventures. The funding round also saw participation from existing investors such as American Express Ventures, DSG Consumer Partners, and AdvantEdge Partners. IndiaLends will use the fresh funds to launch new products such as […]

Alibaba’s Jack Ma partners with Chinese VC Ganesh Ventures to invest $250mn in Indian startups

Ganesh Ventures is all set to make an aggressive India entry as they announce their plans to invest $250 million. The company also becomes a strategic partner of Jack Ma’s eWTP Ecosystem Fund. The fund aims to invest the amount in Indian startups across sectors like TMT, consumer products, fintech and health-tech over the next […]

Fintech firm Groww raises funds from Insignia, others

Online investment platform Groww has raised $1.6 million in a pre-series A funding round from Insignia Venture Partners, America’s Lightbridge Partners and Kairos fund. Existing investors, including CureFit founders Mukesh Bansal and Ankit Nagori, also participated in the round. Groww also counts the American seed accelerator, Y Combinator, as an investor. The Bengaluru-based start-up plans to […]

Flipkart Seeking NBFC License; Soon to Venture into Fintech Space

Flipkart is planning to offer credit and insurance products to its customers and sellers. Several Indian publications reported that the Bangalore based company is right now in the middle of applying for its NBFC license. The credit option would be first made available to its Flipkart’s sellers and customers and with time, the company will […]

India’s newest unicorn is disrupting a 200-year-old industry

A 10-year-old Gurugram-based online insurance aggregator PolicyBazaar has joined the growing list of Indian unicorns. The company said it had raised over $200 million (Rs1,330 crore) in a funding round led by Softbank, with participation from existing investors, including InfoEdge, which operates job site Naukri.com. PolicyBazaar aggregates insurance plans and serves as a marketplace for policies. It […]

Fintech Startup Sqrrl Raises $1 Mn From Equanimity Venture Fund

App-based investment platform Sqrrl Fintech has raised $1 Mn in its Pre-Series A round of funding from Equanimity Venture Fund. The Gurugram-based startup plans to use the funding to invest in new age technologies, particularly machine learning and artificial intelligence, to sharpen its product recommendation and further smoothen its on-boarding process. Sqrrl app is aimed at […]

Swiggy enters unicorn club, raises $210 million from DST Global, Naspers

Food delivery continues to determine the flow of big capital in India’s startup ecosystem with Swiggy being the latest to join the race. The food delivery startup has raised $210 million in its latest round of funding with Russian billionaire Yuri Milner’s DST Global and existing backer Naspers leading a $210 million round in the […]

Fintech India 50

LATTICE80 in collaboration with Fintech Asia presents the latest list of 50 top fintech companies you need to know in India. View the list

India pole vaults to top 5 nations in FinTech, says Amitabh Kant. Guess how much was invested in 2017

The number of deals happening in the financial technology space of India has witnessed a sharp increase from 2014 onwards. In 2017 itself, the sector saw an investment of $3 billion coming in, tweeted NITI Aayog CEO. A few days back, Amitabh Kant had said that low cost Internet based transactions and business efficiency due to […]