After nearly a decade of unparalleled growth, the country’s fintech businesses are finding it hard to justify their hefty valuations and build profitable businesses.
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Fintech startups have only been able to corner a small part of the value in gold-linked financial products like gold loans and digital gold even as gold prices have shot up. Regulatory changes may pose a further challenge.
The New Delhi-based tea cafe chain’s measured approach to growth is finally yielding results, with the company claiming to become profitable in the upcoming fiscal.
The Kunal Shah-helmed fintech needs both growth and profitability to raise capital. But the two goals are contradictory and CRED will soon have to decide between raising at a reduced valuation or delaying the fundraise.