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Bottomline: VC-backed LoanTap's AUM shrinks, NPAs jump amid funding delay

Finance

30 November, 2023

Bottomline: VC-backed LoanTap's AUM shrinks, NPAs jump amid funding delay

LoanTap, a digital lending startup that offers customised loans to salaried professionals, is going through a tough phase with its ......

Prosus-owned PayU India shuts down prepaid credit card unit LazyCard

TMT

29 November, 2023

Prosus-owned PayU India shuts down prepaid credit card unit LazyCard

PayU India has shut its prepaid payment instrument LazyCard that it launched at the beginning of 2022, the company’s parent ......

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CoinDCX CEO Sumit Gupta on tax jolt in India, UAE plans and EBITDA aim

TMT

28 November, 2023

CoinDCX CEO Sumit Gupta on tax jolt in India, UAE plans and EBITDA aim

Amid regulatory uncertainty around virtual digital assets in India, crypto-exchange platform CoinDCX recently invested in Dubai-based crypto exchange BitOasis. However, ......

How Ola Electric's service network is feeling the strains of success

Manufacturing

28 November, 2023

How Ola Electric's service network is feeling the strains of success

Bhavish Aggarwal, India's answer to Elon Musk, is racing to roll out millions of electric scooters and speed his nation ......

SoftBank-backed Unicommerce's FY23 revenue jumps over 50%, profit up 7.7%

TMT

23 November, 2023

SoftBank-backed Unicommerce's FY23 revenue jumps over 50%, profit up 7.7%

Ecommerce enablement software platform Unicommerce reported a 52.5% jump in its revenue from operations for the financial year through March ......

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FMO-backed NeoGrowth speeds up revenue, profit growth after turning the corner

Finance

23 November, 2023

FMO-backed NeoGrowth speeds up revenue, profit growth after turning the corner

Fintech lender NeoGrowth, which came out of the red in the year through March to mark a turnaround from the damage caused by ......

Zomato, Swiggy get notice for $90 mn in unpaid taxes

TMT

22 November, 2023

Zomato, Swiggy get notice for $90 mn in unpaid taxes

India's top organization for indirect taxes has issued notices on unpaid taxes worth about 7.5 billion rupees ($90 million) to ......

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

TMT

21 November, 2023

ED slaps $1.1 bn notice to Byju's for forex law violations; firm denies

India's federal financial crime-fighting agency has issued a show-cause notice to ed-tech company Byju's for alleged violations of foreign exchange ......

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Bottomline: IndiQube looking at 40% revenue growth in FY24

Infrastructure

17 November, 2023

Bottomline: IndiQube looking at 40% revenue growth in FY24

Flexible office spaces provider IndiQube, which reported a net profit last fiscal after four consecutive years of net losses, is ......

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Cult.fit's fitness services business turns cash-flow positive, eyes 50% growth in FY24

TMT

16 November, 2023

Cult.fit's fitness services business turns cash-flow positive, eyes 50% growth in FY24

Tata Digital-backed health and wellness platform Cult.fit’s fitness services business, under which it operates its own gym centres and runs ......