MENU

India
Category

741

5 rising startups in India – April 4, 2017

By Malavika Velayanikal for Tech in Asia

In 2015, we would have a handful of startups announcing funding from VCs and angel investors almost everyday. This year, it’s been quiet compared to then. Now investors seem to have become more cautious and that shows in the quality of the startups who bag any funding. (more…)

Fintech news, Global trends, India, InspirAsia

April 5, 2017

539

Of 29 Indian startups that got funded this quarter, real estate gets top investment

By Lyra Reyes for E27.com

Funding received by three real estate startups made up 58 per cent of total funds raised. (more…)

Deals, Global trends, India, InspirAsia

March 30, 2017

689

The seven Indian startups that made it to Y Combinator’s demo-day event this March

To get noticed by Silicon Valley’s startup machine Y Combinator is every budding entrepreneur’s dream. One of the world’s most influential and renowned accelerators, which now also engages in seed funding, it has backed successful startups such as AirBnB, Dropbox, and Reddit. Its screening of startups is said to be “nerve-wracking.” (more…)

Deals, Fintech news, Global trends, Hotnews, India, InspirAsia

March 27, 2017

727

548

Icici unveils mobile app for rural Indians

By Finextra

Icici has unveiled a mobile app specifically designed for India’s huge rural population, providing a host of banking services as well as useful information such as crop prices. (more…)

Banks, India

March 21, 2017

394

India-based Flipkart secures US$1B funding, to raise US$1B more: Report

By Sainul Abudheen for e27

Indian e-commerce giant Flipkart has closed a US$1 billion funding round, with plans to raise an equal amount over the next few months, says a Bloomberg report quoting unidentified sources. Investors who have contributed to this round include Microsoft, eBay, and Tencent Holdings. (more…)

Deals, India

March 21, 2017

586

Indian FinTech Investments Decline in 2016

By CryptoCoins News

A new report has found that India’s investments in FinTech dropped significantly in 2016 from 2015, indicating what impact a lack of mega-deals can have on a country even though actual deals in India remained steady over the same period. (more…)

Deals, Fintech news, India

February 23, 2017

739

Capital Float to disburse $746.5m in SME loans in FY18

By DealStreetAsia

SME lending platform, Capital Float, disbursed Rs1,000 crore in loans during the 10 months ended January 2017, and it expects to disburse Rs5,000 crore in the next one year, said top executives of the company. (more…)

Fintech news, India, p2p/online lending, SME

February 21, 2017

559

Paytm wants to pull an Alipay, will spend $90m on expanding QR code network

By TechInAsia

Paytm, India’s largest digital wallet, is going to spend US$89.6 million to help merchants across India accept digital payments using QR codes. (more…)

eWallets, Fintech news, India

February 20, 2017

497

India Utilizing Citizens’ Biometrics

The Indian government is moving forward with the world’s largest biometric identity database, which will be available for use by tech companies, health care providers and app developers, The Wall Street Journal reported. (more…)

India, Insurance

February 20, 2017

564

Is Paytm merging with Snapdeal?

By Sainul Abudheen K for e27

Paytm and Snapdeal, two behemoths in the online retail segment, reportedly had merger talks in January this year (more…)

Deals, Fintech news, India

February 19, 2017

987

More than 750 startups apply to join YES Bank’s inaugural accelerator programme

By Finextra

The first cohort of YES FINTECH has received phenomenal response from the global community of Fintechs, with 753 applicants around the world.  (more…)

Accelerators/Incubators/Labs, Banks, Fintech news, India

February 18, 2017

781

Bitcoin Investor Tim Draper Re-Enters India VC, Praises Modi’s Reforms

By the CoinTelegraph

Tim Draper, a Bitcoin entrepreneur and investor, has returned to the Indian market, backing startups through Mumbai-based Blume Ventures.

(more…)

Blockchain, Cryptocurrencies, India, People of fintech

February 14, 2017

527

India: Capital Float raises $2.5m from IFMR, AdStringO to get $5m

Online credit platform Capital Float which is run by Zen Lefin Pvt. Ltd, has raised $2.5 million (Rs 17 crore) from IFMR Capital Finance and its alternative investment fund through non-convertible debentures (NCDs). (more…)

Deals, Fintech news, India, p2p/online lending

February 6, 2017

698

How Indian FinTechs Are Collaborating With Banks – Bangalore FinTech Meetup 2017

By LTP

LTP has been organizing monthly FinTech meetups in Bangalore and Mumbai to nurture a dialogue in the FinTech startup ecosystem in India. For the latest meetup organized in Bangalore, the topic was perhaps one of the most important FinTech topics currently — Value of partnerships between banks and FinTechs: What does true collaboration mean? What is a good partnership strategy? And how do you foster innovation through partnerships? (more…)

Banks, Fintech news, Global trends, India

February 3, 2017

671

Digital payments get huge leg-up in India’s new budget. Here’s the low-down.

By  for TechInAsia

India is getting super serious about promoting a cashless economy. (more…)

Cashless, Fintech news, Government activities, India

February 1, 2017

579

Ingenico to acquire Indian payment processor TechProcess

By Finextra

Ingenico Group announced today it has reached an agreement in principle to acquire 100% of TechProcess Payment Services Ltd (“TechProcess”), a leading Indian electronic payments services provider from its current shareholders (major global and Indian investors).  (more…)

Deals, Fintech news, India, Payment processors/providers/gateways

January 31, 2017

1027

7 Fintech Startups in India to Know

By

With more than 400 companies including 200 startups, India has quickly emerged as a fintech products hub. In 2015, these ventures attracted US$420 million in funding, according to a report by the National Association of Software and Services Companies (NASSCOM). (more…)

Fintech news, India, Insurance, Marketing Report, Mobile payments/banking, Payment processors/providers/gateways

January 25, 2017

798

Five Reasons Why PayTM Is Miles Ahead Of Its Rivals

By Ketharaman Swaminathan for Finextra

With over 100 million users a year ago, PayTM was already ahead of its digital payment competitors before the Nov. 2016 demonetization of high value currency notes in India. (more…)

Analytics, Cashless, eWallets, India

January 21, 2017

917

Relationship of Indian Banks and FinTech Startups Strengthening in 2017

By LTP

The digital revolution currently underway in financial services –colloquially called FinTech – has raised some questions on the nimbleness and relevance of the banking fraternity in India. There have been apprehensions about banks being able to create faster, cheaper and better services to become an omnipresent part of their customer’s daily lives. (more…)

About, Banks, Fintech news, India

January 18, 2017

705

Malaysian Firm Belfrics Launches Bitcoin Exchange in India

By CryptoCoins News

Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India.

(more…)

Blockchain, Cryptocurrencies, Fintech news, India, Malaysia

January 17, 2017

782

YES Bank introduces chat bot for instant loan offering

By Finextra

India’s YES Bank has partnered with Silicon valley-based Gupshup to develop a banking chat bot for its loan product. (more…)

Banks, Bots, Fintech news, India, Mobile payments/banking

January 13, 2017

572

PhonePe digital wallet has big goals beyond parent Flipkart

By  for TechInAsia

Mobile payments startup PhonePe, which Flipkart bought last year, has set its sights high this year.

In the process of launching the country’s first Unified Payments Interface-supported wallet for iOS, the startup is already aiming for a 100 million downloads by the end of 2017. (more…)

eWallets, Fintech news, India, Mobile payments/banking

January 11, 2017

860

FinTech Story: Hits and Misses From 2013 to 2016 and the Way Forward

By Amit for LTP

We have watched 35+ FinTech segments through the ups and downs every single day in the last 3.5 years at LTP. We developed a lot of listening tools and an army of analysts to catch everything in FinTech like a radar. Somebody told us that we have one of the biggest team of FinTech market analysts and that could very well be true. In 2016, we developed MEDICI from the data that we collect, and that contains 6000+ FinTech startup profiles and research across segments. It’s my pleasure to share what we learned about FinTech shift by analyzing some of the data and also talking to hundreds of entrepreneurs and FIs in-person in the last couple of years.  (more…)

China, Cryptocurrencies, India, Mobile payments/banking, RegTech, Security

January 10, 2017

535

CashlessIndia – Why Putting Cart Before Horse Will Work

By Ketharaman Swaminathan for Finextra

On the back of the demonetization of high value currency notes in India, the government has been aggressively pushing cashless payments. Trending on Twitter under the hashtag #CashlessIndia, the initiative has attracted criticism from the blogosphere and mainstream media on the grounds that India is not yet ready for digital payments. (more…)

Analytics, Cashless, Government activities, India

January 9, 2017

615

Indian Central Bank’s Research Arm Explores Blockchain Applications

By Lester Coleman for CryptocoinsNews

Financial institutions worldwide are exploring the benefits promised by blockchain technology. The research is moving beyond the hypothetical stage to proof of concept and planning. (more…)

Blockchain, Fintech news, Government activities, India

January 8, 2017

900

India: Fintech is no more the new kid on the block

By Vivina Vishwanathan for Deal Street Asia

Year 2016 was not as glamourous as 2015 was for fintech in terms of interest from investors. According to start-up data analytics provider Tracxn, investments in 2016 were $484.79 million, compared with $1.18 billion in 2015. One of the reasons is that the 2015 numbers include money raised by Paytm in 2015. (more…)

Analytics, Cryptocurrencies, Deals, eWallets, India, Payment processors/providers/gateways

December 28, 2016

528

Goldman, KKR Among Heavyweights Drawn to India’s Growth in Nonbank Lending

By Shefali Anand for The Wall Street Journal

India is seeing a surge in lending from financiers outside the banking system, a development that has attracted the attention of global players including KKR & Co. and Goldman Sachs Group Inc. (more…)

Banks, Deals, Fintech news, India, p2p/online lending

December 27, 2016

524

Here’s what Southeast Asia can learn from India’s tryst with cashlessness

By Adhil Shetty for e27

When we talk about the future of money, we invariably come to discuss the merits and demerits of going cashless. It’s perhaps a science-fiction-like scenario wherein all your transacting needs are taken care of by a few taps on your smartphone. (more…)

Cashless, Global trends, India, InspirAsia, Marketing Report, Mobile payments/banking

December 27, 2016

574

CashLess OR LessCash

By Vinod Sharma for Finextra

Abstract – Journey from cash only transactions to less cash and thereafter if possible moving to cashless or digital money society. This journey looks very simple in textbooks or written on blogs or papers but ground reality can be very different. (more…)

Cashless, Global trends, India, Payment processors/providers/gateways

December 20, 2016