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Mint explainer | How $600 million changed hands, but PhonePe saw none

New Delhi, Oct. 31 -- Private equity (PE) firm General Atlantic's $600 million investment in PhonePe was a secondary transaction to cover employees' tax bills when they exercised stock options, accord... Read More


Policybazaar parent's sequential growth eases even as Q2 revenue rises 20%

New Delhi, Oct. 29 -- PB Fintech Ltd, the parent of Policybazaar, saw its revenue grow in the second quarter ended September, aided by new insurance plans and renewals, and credit disbursals. Consoli... Read More


At 15, Blume Ventures targets $275 million for Fund V, leaning on AI and institutional LPs

Bengaluru, Oct. 29 -- Blume Ventures, the 15-year-old venture capital firm, has made the first close of its fifth fund at $175 million and is on track to complete a final close of up to $275 million b... Read More


On-demand home help firm Snabbit clocks $11 mn ARR, eyes new verticals

Bengaluru, Oct. 23 -- A startup built around everyday chores has quietly turned into a Rs.8-crore-a-month business. Quick services platform Snabbit, which connects urban homes with trained domestic st... Read More


Stripe puts India comeback on indefinite hold

Bengaluru, Oct. 21 -- Irish-American financial services firm Stripe Inc. has indefinitely postponed its planned mid-2025 relaunch in India due to stricter licensing and compliance requirements, accord... Read More


Indian family offices have a new favourite-early-stage VC funds

New Delhi, Oct. 15 -- Once focused on large, late-stage investments, India's family offices are now venturing into riskier early-stage startup territory-carving out a small but potentially more reward... Read More


UPI AutoPay's recurring woes are forcing an industry rethink

New Delhi, Oct. 10 -- India's subscription economy is crawling back to cards for recurring payments, as businesses and customers grow weary of UPI's AutoPay feature hitting failure rates of up to 90%.... Read More


RBI's clampdown reins in fintech lending growth, yet delinquencies remain stubbornly high

Bengaluru, Oct. 7 -- Fintech lending growth has cooled following the Reserve Bank of India's (RBI) clampdown on unsecured lending. But risk metrics have not eased much, with delinquency and deep&#8209... Read More


Banks tap fintechs for credit card origination as NPAs rise, issuances stall

Bengaluru, Sept. 18 -- A new breed of fintech startups is helping banks co-brand and manage credit cards with leading consumer brands, as issuers outsource origination to platforms like Hyperface, Car... Read More