Phonepe

Bad Loans, Defaults And A Failed Merger: How ZestMoney’s Rise Hit A Roadblock

01/06/2023

Suffering from high losses, a growing mound of bad loans and failure to convince PhonePe for a merger deal, ZestMoney will have to rethink its growth strategies if it is to make a turnaround

PhonePe Raises Additional $100 Million Investment From General Atlantic

22/05/2023

With this latest primary infusion from General Atlantic, PhonePe has now raised a total of $850 million of primary capital in the current round

Deepinder Goyal-Led Food Tech Start-Up Zomato’s UPI Service Goes Live

17/05/2023

The Gurgaon-based start-up partnered with ICICI Bank for the service

ZestMoney Founders Resign After Acquisition Talks With PhonePe Fails

16/05/2023

The development came months after the BNPL start-up's acquisition talks with fintech decacorn PhonePe fell through

PhonePe Goes Live With UPI LITE

03/05/2023

UPI Lite will enable faster and seamless transactions for low-value amounts of Rs 200 or less in a secure manner

PhonePe To Launch Its App Store In India

25/04/2023

This move is expected to provide competition to Google, which currently dominates the Indian app store market with over 97 per cent market share

Fintech Unicorn Cred Expands into Peer-to-Peer UPI Transactions

18/04/2023

With a valuation of $6.5 billion, Cred aims to compete with major UPI players like PhonePe and Google Pay, while navigating challenges such as losses and increasing its revenue

PhonePe Gets Additional $100 Million Fund From General Atlantic

13/04/2023

The company also plans to use the funds to foray into hyperlocal e-commerce through its new platform, pincode

Indian Start-Up Ecosystem Sees A 75% Decline In Funding In Q1 2023

12/04/2023

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

ZestMoney To Fire 100 Employees: Report

08/04/2023

Currently, the company is going through a rough patch as it is facing a severe fund crunch