Prior to its IPO, PB Fintech, the holding company for PolicyBazaar and PaisaBazaar, received Rs 2569.73 crore from 155 anchor investors. The company claimed in a filing with the stock exchanges that the participants included both domestic and overseas investors, with shares distributed at a price of Rs 980 per share. PB Fintech’s initial public … Read more
HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID) today launched a $100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic. COVID-19 has had … Read more
BASIC Home Loan, a Gurugram-based fintech startup, has raised $3.5 million in a Series A round of funding led by Venture Catalysts (VCats) and Gruhas Proptech, an investment platform of Zerodha Founder Nikhil Kamath and Abhijeet Pai of Puzzolana Group. Abhijeet Pai of Gruhas Proptech said, “We were impressed by the way BASIC Home Loan … Read more
BharatPe, India’s fastest-growing Fintech firm, announced today that it has raised Rs. 100 crores (US$ 14 million) in debt from MAS Financial Services Private Limited (MAS Financial), one of India’s leading non-banking financial companies dedicated to being a leading distributor of financial services and creating value on a large scale. This is the company’s sixth … Read more
