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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.
After hitting a wall in its efforts to raise equity, the financial services company looks to increase its appeal among bond market investors by going the extra mile.
Sachin Bansal’s Navi Technologies has turned to crowdfunding a Rs 250-crore fundraise, through the issue of non-convertible debentures at a yield of 11.85%.
On the face of it, taking the NCD route to raise funds isn't a new thing for the financial services company. Its subsidiary, Navi Finserv, raised close to Rs 600 crore through an NCD issue in February, its third such in just two years.
What sets this fresh issue apart is the fact that it comes with a personal guarantee from Bansal. As well as some onerous strictures that both Bansal and the company have to …
A lending business at heart, the Bengaluru-based company projects itself as a fintech ecosystem comprising UPI, insurance and mutual funds. It’s time investors took note.
With the test-prep company struggling, Munjal wants Rs 200 crore each for co-founders to leave, exposing India’s broken founder-investor power dynamic.
The central bank’s recent order to raise risk weightage for unsecured consumer loans has pushed leading fintech lenders to rethink core business strategies and look for funds.
