Paytm's market cap nears $2.5 billion as its UPI market share drops by 5 percentage points in a year. The fintech company faces challenges in its lending business as several NBFCs withdraw, impacting its operations.
🚨🆕 The challenges faced by @PaytmBank are impacting the fintech's lending business, one of its strongholds. A bunch of #NBFCs that worked with @Paytm for consumer loans have now pulled the plug, sources told us. 🧵
☀️ Good morning. Read today's packed edition of ETtech Morning Dispatch: ■ @Paytm’s lending biz in trouble ■ Inside #Tata Digital’s top-level churn ■ @SoftBank may double down on @icertis ■ Ad-film makers await launch of @OpenAI’s Sora https://t.co/iEfQLHOYJ3
Paytm's UPI market share drops by 5 percentage points in 1 year By @AnandJRAnand https://t.co/7HhZEDEgsw
#MCTech3: Top tech and startup news this evening ⚡️More exits at Paytm as shares slide ⚡️Indian election body cracks down on deepfakes ⚡️Disney+ Hotstar's subscriber woes continue Sign up for the newsletter👇 https://t.co/am686sFvAr #Paytm #UPI #Technology #Startups #AI…
🚨 ETtech Top 5 | #Paytm market cap nears $2.5 billion; state-run banks turn to #GenAI Also in the letter: ■ Happiest Minds Tech Q4 profit up 25% ■ Brazilian payment co Ebanx’s India entry ■ Akaimai to deploy edge computing units https://t.co/EBrYwi29Sj
#Dealoftheday | @clientassociate marks 1st close of maiden fund at ₹300 cr, @Lendingkart raises $10M, @parseablehq raises $2.75M from @_surgeahead, @SunielVShetty-backed Regrip gets $2M & more ✏️@Aish_19_Anand @CNBCYoungTurks https://t.co/2a5aE7kRkX
StartUp Central | Take a look at the top startup headlines this hour📢 ➡️KKR to acquire Healthium for ₹7,000 cr ➡️Paytm shares down for the ninth straight session ➡️Lendingkart bags $10 mn for lending to small biz ➡️Palantir raises 2024 forecast on robust AI demand ➡️EBANX set… https://t.co/L4tvBZv9s6
🚨Paytm's UPI market share drops by 5% in 1 year By @AnandJRAnand https://t.co/7HhZEDEOi4 via @moneycontrolcom
🚨🚨Vijay Shekhar Sharma's ruminations in Tokyo, Paytm's lending cuts tied to 'collection efficiency', net interest margin that competes with banks. Don't miss Paytm's palace intrigue in this brilliant story by @AnandJRAnand and @chandrarsrikant https://t.co/QhTtA6xWz6
Good morning, readers ☀️ Top headlines on ETtech today: ■ #Unicorn sightings slump ■ Tata’s chip exports ■ KaleidEO joins imaging payload ■ Akamai’s edge computing units in India https://t.co/Waz5yOHEzX