Sunday, June 11, 2023
Outlook.com
Outlook India
Outlook Business
+

Investments

The move is expected to increase the fintech firm's revenue and margins and allow it to offer longer-term personal loans with higher ticket sizes

Start-up investments in India witnessed a significant decline in Q1 2023 compared to the same period in 2022 due to a rise in interest rates and inflation

The three-month, equity-free accelerator program for tech start-ups in India offers mentorship and support around artificial intelligence and machine learning, cloud, UX, Android, web, product strategy and growth and has already helped over 130 start-ups...

The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms

The fund will be used to acquire companies offering differentiated services, and to develop new technologies for existing customers, according to a statement

Stable Money intends to use the fresh funds to scale its operations, spread financial awareness and other information technology-related services

In FY22, the fintech reported Rs 1,690 crore in revenues, which is more than double from Rs 640 crore in FY21

The Mumbai-based start-up earlier raised Rs 48.75 crore from three investors including OrbiMed, 3one4 Capital and Vertex Ventures

This acquisition will help the fintech to intensify its product offerings as it attempts to assist over 10,000 small business owners in India

Selected start-ups will receive a pre-seed funding of $2,00,000, and an additional funding of $1.5 million after completing the programme