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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The two companies propose a co-lending structure to share the risks and rewards accruing from the disbursal of loans on their platforms.
In late October, when used car marketplace Cars24 held a meeting of shareholders in Dubai, the idea was to get their nod for an outright sale of its car financing business to Bajaj Finance, the shadow-banking arm of the Bajaj Group.
The deal itself fell through over differences in valuation, says a person with direct knowledge of the development. While Cars24 wanted a premium of 8.5% on its roughly Rs 1,500 crore book, Bajaj Finance wanted a discount.
A month on, things seem to have taken a slightly different turn. Now, both companies are set to announce a co-lending structure—one …
The Walmart-owned e-commerce company has entered microdramas and food delivery. Is it thinking long-term or just chasing a trend?
Its acquisition of Kirana Club signals an attempt to find a new growth engine, but grocery retail has been a challenge for even well-funded players.
Purpose-driven finance has powered the digital lender’s growth, but its durability remains in question.
