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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 down round will help stabilise the Kunal Shah-helmed fintech’s runway as it tackles headwinds in unsecured lending.
Its biggest banking customer, Unity Small Finance Bank, has decided to part ways. The departure comes at a time when the fintech infrastructure startup has been trying to become a full-stack banking software provider.
Vijay Shekhar Sharma’s fintech has reported its first operationally profitable quarter. However, he will need to wait to win back the regulator’s trust for Paytm to scale further.
Its core POS machine business is small and growing slowly, and the company has done little else to justify its high valuation.
