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For VCs in India, bank is the new hot investment

Several Indian startups, along with venture capital funds and private equity investors, are scrambling to build investment strategies as they race to tap into a rare available opportunity in the nation: banks. Premji Invest, Multiples, Zerodha, Gaja Capital and MobiKwik are among those who are evaluating an investment in Nainital Bank, a subsidiary of Bank…

9:53 pm PDT • October 9, 2023
For VCs in India, bank is the new hot investment

A number of venture investors and startups are engaging with Bank of Baroda to acquire a stake in the lender’s subsidiary Nainital, according to people familiar with the matter. Premji…

Premji Invest, Zerodha, MobiKwik eye stake in Nainital Bank

India’s PhonePe is getting into stock and mutual fund investment, the latest in a series of expansions by the Walmart-backed payments app as it looks to leverage its 450 million-plus…

PhonePe dives into stock and mutual fund arena

Cloudflare said on Tuesday it resolved a “wide-spread” outage earlier in the day that affected a large number of services including FTX, Discord, Omegle, DoorDash, Crunchyroll, NordVPN and Feedly. The…

Cloudflare fixes outage that knocked popular services offline