Wed, Dec 06, 2023
Homegrown digital EMI financing platform ZestMoney, backed by Goldman Sachs, is shutting down operations after several unsuccessful attempts to find a buyer, media reported on Wednesday.
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Fri, Jun 09, 2023
According to the data from the layoff tracking site Layoffs.fyi, more than 10,000 employees have been laid off by around 60 Indian startups since January 2023.
Sun, May 21, 2023
This week, Aman Gupta, co-founder of homegrown audio and wearable brand boAt, revealed that he and his wife Priya Dagar walked the red carpet at the Cannes Film Festival.
Tue, May 16, 2023
ZestMoney's three founders–Lizzie Chapman (CEO), Priya Sharma (CFO & COO), and Ashish Anantharaman (CTO)-- step down, leaving the pioneering digital lending platform hanging in uncertainty following the collapse of a major acquisition deal with Walmart's PhonePe. Discover the inside story behind their resignation, concerns over loan quality, and the impact on the Buy Now, Pay Later sector.
ZestMoney was valued at $445 million last year and has raised over $130 million from a range of investors, like Ribbit Capital, Omidyar Network, PayU, Xiaomi and Alteria Capital, among others.
Fri, Mar 31, 2023
This week startups like Upgrad raised funding, Wiggles bought Capt Zack, LoanTap acquired Unofin while Phonepe called off a deal with ZestMoney.
Thu, Mar 30, 2023
PhonePe recently raised $200 million in additional funding from Walmart at a pre-money valuation of $12 billion. The company expects to raise further funding which will be announced in due course.
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