VP Weekly | 31 Mar ’19
With 45 Mn MAUs, Google Pay hit $81 Bn annualised transaction run rate in March
Google’s UPI-based payment app Google Pay has seen remarkable growth since its 18 months of launch in India. Escalating on the back of UPI growth, Google Pay has hit $81 billion annualised transaction run-rate in March. Read More
Paytm Valuation To Hit $18 Bn With Top Up From SoftBank, Ant Financial
Digital payment company Paytm is reportedly in the middle of raising around $1.5 Bn – $2 Bn from its existing investors SoftBank Vision Fund and Alibaba’s Ant Financial.
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Startup News Snippets
M&A News
Editor’s Weekly Pick
Putting consumers ‘first’… everyone talks, but Apple seems to be trying an interesting way of doing it in consumer finance. The opinion on ‘right’ and ‘wrong’ in customer service seemed ironical 🙂 Read More
–Abhishek
Market Pulse
- RBI is looking to issue guidelines for setting up a regulatory sandbox or innovation hub for the fintech startups to help the companies build innovative products at a lower cost.
- Bus shuttle service startup Shuttl is set to close its Series B funding round with $7.23 Mn from Sequoia, Lightspeed and Times Internet.
- International health-focused innovation platform Well Tech collaborated with Venture Catalysts to initiate a healthtech-oriented acceleration programme ‘HealthCare Catalysts’.
- SoftBank may lead a $7-100 Mn funding in cloud kitchen startup Faasos. Goldman Sachs, Tencent & Temasek are also expected to participate in the round.
- Chennai-based pharmaceutical ecommerce portal Netmeds.com has acquired of another healthtech startup KiViHealth in a cash and stock dealfor $10 Mn to integrate and grow KiVIHealth business segment.
- Dubai-based wholly owned subsidiary of Infibeam Global, EMEA FZ-LLC has signed MoU with Middle East’s investment firm UniPropitia FZCO to expand its web service platform in the Arab League countries.
- UniPropitia will acquire a 51% stake in the Dubai subsidiary for a total consideration not exceeding $
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