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While there has been a funding winter in startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTechs across the globe raised about USD 1.96 billion in March, while the top 20 deals summed up to about USD 1.3 billion.
The student initially deposited Rs 1,000 into a bank account specified by the person and received Rs 1,400 in return, thereby reinforcing his belief in the scheme, the official said. However, later he neither received the promised returns nor was he able to retrieve the invested amount in lakhs, the official said.
The original cryptocurrency has rallied more than 60% since the start of the year, driven by optimism over record demand for US exchange traded funds that hold the tokens directly. Bitcoin prices have tended to rise in the months after the three previous halving, which takes place every four years.
One97 Communications, the parent company of Paytm in a regulatory filing said Chawla will be relieved from his duties from June 26, 2024.
The combination of lower revenue growth and margins would push back net income breakeven, the US brokerage said, expecting Paytm to achieve Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) breakeven in FY27 and net income break- even in FY28. The company which operates Paytm is expected to witness a gradual growth in its lending …
BofA resumes coverage on Paytm with ‘underperform’ rating Read More »
The banking system is witnessing a strong loan growth. A recent report by 1Lattice revealed that there’s been an uptick in overall outstanding loans, of around 16 per cent, in February 2024.
A third of U.S. respondents expect bitcoin to drop below $20,000 by the end of 2024. This group is getting slightly smaller. It was 35% in February and 36% in January. Bitcoin hit a three-week high on Monday. It reached an all-time high of $73,803.25 in March, recovering from a dramatic plunge in 2022.
BharatPe restructured senior management, appointing Sandeep Indurkar as CEO of payment vertical for Resilient Payments Pvt Ltd. Rijish Raghavan now handles device business, and Kohinoor Biswas leads Zillion, achieving operational profit in October 2023.
Startups witness a shift in investment trends. Domestic investors, family offices, and public market investors like ValueQuest and Singularity Ventures actively back ventures. Investment landscape changes as global funds retreat, and founders turn to investment banks for funding.
While there has been a funding winter in fintechs and tech startups over the past year, funding has seen an uprise in early stage deal funding and decline in late stage deals funding. FinTech funding has witnessed a significant uptick in the amount raised in the month of March, compared to the previous month.
