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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.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
Its Rs 1,050 crore bet on the five-year-old company—valued at an implied 11.2x revenue multiple and a promoter with baggage—raises serious questions around due diligence.
The fintech’s NBFC has seen its loan book decline by 92% in just two years and its global ambition has come undone. The company, though, keeps borrowing, restructuring and diversifying.
Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.
While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
The fintech’s NBFC has seen its loan book decline by 92% in just two years and its global ambition has come undone. The company, though, keeps borrowing, restructuring and diversifying.
Despite a diversification push, over half its revenue continues to come from the volatile and highly regulated equity derivatives segment.
While the payments company saw its first full year of profitability in FY26, the real progress will depend on whether it can continue to prove that it’s more than a POS company.
