Paytm
Top Indian tech advocacy group replaces Big Tech execs following criticism
The Internet and Mobile Association of India, an influential tech industry body, has appointed Dream Sports co-founder and chief executive Harsh Jain as the new chairperson of the association, bucking
Paytm tops $977 million revenue in a year, narrows loss
Paytm, India’s leading mobile payments firm, reported a 13.2% surge in revenue to $285.7 million in the quarter ending March and pared its loss by 57% to $20.5 million in a sharp turnaround for
Telecom giant Airtel eyes a stake in Paytm
Airtel is engaging with Paytm to explore sale of the Airtel Payments Bank business in exchange for shares in the younger financial services firm, according to two people familiar with the matter, in a
Tiger Global and Ribbit invest another $100 million in PhonePe
PhonePe has raised another $100 million as part of an ongoing round, a deliberation that has now helped it pull $450 million in recent weeks despite the market downturn, as the Indian fintech giant bu
PhonePe taps cross-border UPI payments in revenue push
Indians traveling to many foreign markets, including the UAE and Singapore, may soon be able to use the popular UPI payments to make purchases when they land there. Bengaluru-headquartered fintech gia
Walmart-backed PhonePe’s nine-month 2022 revenue surged to $234 million
PhonePe clocked a revenue of $234.3 million in the first nine months of 2022, the most valuable Indian fintech startup has disclosed in a filing. The nine-month financials marks a jump from the $201.6
India’s PhonePe tops $12 billion valuation in new funding
PhonePe’s valuation has more than doubled to over $12 billion in a new funding round as the Indian fintech giant readies for life without parent firm Flipkart. The Bengaluru-headquartered startu
Google is piloting its own ‘soundbox’ in India for merchants to get audio-based payment alerts
Soundboxes — hardware used by merchants that emits sounds every time a mobile payment is made — have taken off in India, where point of sale activity can get busy and voice alerts from the
India’s Paytm to spend up to $103 million to buy back shares
Paytm will spend up to $103 million, or $127 million inclusive of all taxes and other expenses, to repurchase it shares, the company’s board approved on Tuesday, as the Indian financial services
India’s Paytm considers buying back shares following a rough year
Indian financial services firm Paytm said Thursday evening it is considering repurchasing its shares, following a tremulous year that has seen its stock price fall by over 60%. Paytm said it will disc
India won’t enforce payments market share cap until 2025 in win for Google and Walmart
India won’t enforce a check on the market share for players operating on the homegrown payments network until December 31, 2024 in a surprising extension to the deadline that analysts say is a m
Delhivery hits all-time low, market cap falls below 2021 private valuation
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 billion, falling below the valuation at which it raised capital from private investors in
Paytm falls to all-time low amid competition risk from Reliance
Shares of Paytm ended Tuesday at an all-time low of 477 Indian rupees ($5.8), a week after the lockup period for early backers of the Indian financial services firm ended last week and mounting concer
UPI supercharged mobile payments in India. It’s now gearing up for next phase of growth.
In just six years, UPI has become the most popular way Indians transact online. The mobile electronics payments system was used for over 6.57 billion transactions in the world’s second largest inter
Google okays fantasy sports and rummy apps in India in a pilot
Google plans to run a pilot to permit daily fantasy sports apps and rummy games on Play Store in India, addressing a request from the local community that has long expressed frustration at the Android
Indian agency searches fintech Paytm, Razorpay and Cashfree offices in Chinese loan apps probe
India’s financial crime fighting agency searched the offices of fintech unicorns Paytm and Razorpay as well as Cashfree on Friday as part of an ongoing investigation into fraudulent Chinese loan
Indian fintechs request central bank to treat full-KYC PPI same as bank account to survive crackdown
Payments giants and fintech startups in India on Saturday requested the central bank to treat widely used prepaid payment instruments on par with bank accounts for customers who have undertaken certai
India’s central bank cracks down on fintech startups
For nearly all fintech startups, lending has long been the end game. A notice from India’s central bank this week has thrown a wrench into the ecosystem, scrutinizing just who all can lend. The Rese
TechCrunch Podcasts this week: Scaling web3, bulls and bears, falling tech valuations and UFOs
TechCrunch is more than just a site with words. We’re also building a growing stable of podcasts focused on the most critical topics relating to the startup and venture capital worlds. To help y
Will falling tech valuations kick off an M&A boom?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. It’s Monday, which means that Alex and Grace were back a