Foreign investment in India's start-ups has plummeted 72 per cent to $4.58 billion so far, from $16.2 billion during the same period last year.
In March this year, Worldline India launched Vabox (Voice Alert Box): merchants will now get instant audio alerts on the settlement of UPI (Unified Payments Interface) payments via QR codes in languages of their choice when customers check out. "They needn't worry whether the amount has been credited to their account," says Gulshan Pruthi, the firm's executive vice-president. The French payments giant will roll out 500,000 Vaboxes in the initial phase.
An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
Byju's, Flipkart, PharmEasy and CRED, among others, have taken the acquisition route to grow
Indian startups received about $6.5 billion in funding in the April-June 2021 quarter, while 11 of them entered the coveted unicorn club, a report by Nasscom-PGA Labs said. During the second quarter, 160 funding deals were closed -- up 2 per cent from the January-March period. "Q2 2021 has been impeccable for the start-up growth story. From being the most funded quarter, it has also added the most number of unicorns. "Standing tall during the pandemic second wave headwinds, Indian start-up ecosystem has shown a strong resilience in this quarter," the report said.
In January, Visa's chief executive officer, Al Kelly, said during an earnings call that "there's been a burst of the balloon in valuations in the fintech world". Noting that the trend of lower valuations "is a helpful characteristic of the current environment", he added: "We will look for capabilities and management teams that will bring more value to Visa than we can bring ourselves." Data from KPMG's Pulse of Fintech H2'22 shows that global fintech investment - via mergers and acquisitions (M&As), private equity (PE) and venture capital (VC) firms - at $164.1 billion in 2022, was down 31 per cent over the year before. Indian fintechs held up better during this timeframe, attracting $6 billion, or a fall of 24 per cent.
Over longer periods of three, five and 10 years, small-cap funds have rewarded their investors handsomely.
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
US hedge fund Tiger Global and Japanese investment giant SoftBank have trimmed their investments in Indian start-ups by over a third - from $3.8 billion in the second half of 2021 to a mere $1.08 billion in H1 2022, according to data from Venture Intelligence. While SoftBank's investments in India dropped from $1.9 billion in H2 2021 by more than a fifth to only $0.33 billion in H1 2022, that of Tiger Global fell from $1.92 to $0.74 billion in the same period. Private equity (PE) fund trackers point out that this year most of the deals that Tiger Global has invested in are in the early stage (up to series D), and only a few are in the series E and above.
Indian startups have raised $42 billion in 2021, up from $11.5 billion in the previous year, a report by Orios Venture Partners said. The report titled 'The Indian Tech Unicorn Report 2021' said India saw 46 unicorns (companies with $1 billion valuations) in 2021 alone, more than doubling the total number of unicorns to 90. These include ShareChat, Cred, Meesho, Nazara, Moglix, MPL, Grofers (now Blinkit), upGrad, Mamaearth, GlobalBees, Acko, Spinny and others. India - with 90 unicorns - is the third-largest unicorn hub behind the US (487) and China (301), and ahead of the UK (39).
'FDs should hold your emergency funds, equivalent to around 6-12 times your monthly expenses.'
India's doubles great Leander Paes has had 119 playing partners in his 27-year career and it appears his latest union could be a profitable one after he and compatriot Purav Raja knocked out former champions Jamie Murray and Bruno Soares on Saturday.
Some of the major spending categories that saw a drop included online food ordering and dining out, with more individuals purchasing groceries and preparing meals at home.
'In the business of money, where you are regulated, the liability lies on the head of the acquirer.' 'It is not a good thing when you cannot spot the risks.'
If you are buying a bond to cater to your regular income needs, check the interest distribution schedule.
Banking technology start-up Zeta is the latest entrant to the unicorn club after raising $250 million in its Series C round from SoftBank Vision Fund 2. Sodexo participated as an additional minority investor in the round. Founded by serial entrepreneur and billionaire Bhavin Thurakia, the startup is now valued at $1.4 billion. It is the 14th company this year to cross the $1 billion valuation mark after Meesho, Cred, Pharmeasy, ShareChat, Moglix and others.
Fintech unicorn Razorpay has raised $375 million in the Series F round of funding at a $7.5-billion valuation, making it India's second-most valuable start-up in this space, after Paytm. The company valuation has surged over seven times in 15 months, helping it push Walmart-owned digital payments firm PhonePe to the third spot on the country's most-valuable fintech list. Razorpay's latest round of fundraising was led by Lone Pine Capital, Alkeon Capital, and TCV.
'A smile reflects your gratitude for life, your celebration of it.'
'In a marriage, you must wipe the self-helpy, holier-than-thou grime off your forgiveness to see what it truly is.'
While the Q5 is a light driving car that feels like you can easily fling it over and around brooks and brushes and hills and plains, it's also versatile in that its rear seat is as comfy and spacious as you'd expect, says Pavan Lall.
Small and big advertisers are making their presence felt this year far more than they did earlier, bringing a smile to the faces of the tournament's organisers and partners.
If bank and service provider are not compliant, pay manually, or give standing instruction linked to bank a/c, suggests Bindisha Sarang.
Add to it, associate sponsor companies like Unacademy, Dream11, CRed, Upstox, and Tata Motors, who pay in the range of Rs 120 crore each. Some subsidiary sponsors are also there.
When a Future Group official was contacted, he refused comment but industry insiders confirmed that the pull-out was on the cards because of the financial health of the company.
Despite possessing a global footprint and heaps of the youthful energy the International Olympic Committee (IOC) is desperate to tap into, skateboarding is late to the Olympic party following the arrival of snowboarding, skicross, BMX, beach volleyball and others.
'What I love about Parsis is that we never take anything seriously.' 'Everyone's making fun of everyone.' 'So, they were like, 'Don't f*** it up, ch****!'.'
It makes sense to go for a cash back card only if you are a big spender, otherwise the benefits are almost equal.
Banks stuck with miles purchased from Kingfisher Airlines, halt fresh buys
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
Now, you can own a two-wheeler for Rs 18.5 per day
Becoming a unicorn is surely a marker for a company in its growth story, but it's not a major achievement nor is it a turning point of any significant worth.
Some 373 natural disasters killed over 296,800 people in 2010, affecting nearly 208 million others and costing nearly US$110 billion, according to the Centre for Research on the Epidemiology of Disasters (CRED).
The Brit host was one of the few, who made the pretty meaningless award show, watchable.
Differences within the Congress on the use of the phrase 'saffron terror' on Wednesday resurfaced with party leader Digvijay Singh saying that he had objections to the usage of the words. "I have objection to the use of caste, colour and religion to describe terror," the senior Congress leader told reporters shortly after Home Minister P Chidambaram maintained that the phrase had brought home the message of right-wing terror and the purpose had been served.
Car makers fear that when car prices go up and loans become expensive, running a car will also cost more. Thus a stimulus-pullback will act as the straw that broke the camel's back, says Bhupesh Bhandari.
Chinese sponsorship became a bone of contention after the BCCI declared it would review the deals following the violent clashes between the armies of both the countries in eastern Ladakh.
Concerned over a slow down in the economy to 8.7 per cent, the Economic Survey on Thursday suggested that banks should provide "adequate credit at a reasonable cost", vindicating the rate cuts announced by the public sector lenders last fortnight.
Alarmed by reports that credit card companies have collected over Rs 6,000 crore (Rs 60 billion) in a decade from customers by way of fines and late fee, India's anti- monopoly watchdog has ordered a probe into the fees levied by them.
Finance ministry is understood to have reservations on the ownership of minority stakeholders in Hutchison-Essar and is likely to raise the issue at the FIPB meeting.
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