2025-04-04
🚨Big funding news from the fintech world. Scapia has closed a $40mn funding round led by Peak XV Partners. This company had found its biz almost coming to a standstill for a year till March 2025 due to regulatory action. https://m.economictimes.com/ ...
The Economic Times
Bengaluru-based fintech Scapia, which offers a travel-focused credit card and app, raised a $40M Series B led by Peak XV, bringing its total funding to $72M
The Economic Times :
2024-01-06
MobiKwik is building its business on payments BNPL loans & some short tenure personal loans. That is a tested biz model, but with the @RBI cracking down on unsecured lending, will MobiKwik manage to sustain this growth? And also keep it profitable? https://economictimes.indiatimes.com/ ... [image]
TechCrunch
Filing: MobiKwik, a Peak XV-backed Indian payments and digital wallet provider, seeks to raise ~$84.2M in an IPO, and plans to raise ~$16M in a pre-IPO round
Manish Singh / TechCrunch :
2021-08-31
This is a big level consolidation in the Indian payments ecosystem: PayU has agreed to acquire Billdesk for $4.7 billion. PayU will now dominate the entire large value online merchant payments space in India. Govt payments, bill payments, large ecomm txns, etc.
Reuters
Tech investor Prosus NV says it has agreed to buy Indian payments service BillDesk for $4.7B to complement its own PayU business
Toby Sterling / Reuters :