Saturday, June 03, 2023
Outlook India
Outlook Business

Tiger Global

The Series B3 funding will enable the company to further strengthen its global market share and multiply value delivery and service quality across industry segments

The US-headquartered investment body might invest $40 million at a valuation of $650 million

The company, which also counts Tiger Global among its external investors, is aiming for a 10-times jump in its customer base to 10 crores in the next five-six years

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

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

This move comes at a time when the larger edtech sector is experiencing a slowdown in business and funding

The VC firm has also reduced its stakes in other Indian startups amid regulatory and financial difficulties

Eugene Karthak and S Vishvanathan join slice’s parent company Garagepreneurs Internet Private Limited (GIPL) as Independent Director and Advisor respectively

Kratos recently acquired IndiaGG, a gaming venture previously owned by Yield Guild Games, through a token swap

The shares were offloaded at an average price of Rs 335.06 per scrip, taking the aggregate deal value to Rs 414.23 crore