Author: StartUp Insider Desk

Paytm, a prominent name in India’s fintech sector, has reportedly experienced a noteworthy surge in its loan disbursals, with a 167% year-on-year (YoY) increase to INR 14,845 Cr in the quarter of April-June 2023 [2]. The growth is more significant when compared to the same period last year, indicating Paytm’s robust credit strategy and market presence. The number of loans issued in this quarter also saw a 51% YoY increase, further reinforcing the company’s strong performance in the digital lending space [2]. Over the past few years, Paytm has emerged as a frontrunner in India’s evolving fintech landscape. Its recent…

Financial industry powerhouse, B Sriram, has been appointed as an independent director on CRED’s board, marking an essential milestone for the company’s growth and strategic planning. Sriram, boasting over 40 years of experience in banking, finance, and technology, will provide guidance for CRED’s long-term growth plans and strategy [1]. This strategic appointment coincides with CRED’s current growth trajectory, which has been focused on expanding its lending operations and financial services. It is a crucial part of CRED’s mission to bring on industry leaders like Sriram to foster mentorship and advisory roles, thereby increasing its foothold in the fintech sector [2].…

In a game-changing move, leading food delivery platform Swiggy is partnering with HDFC Bank to launch a co-branded credit card, promising a host of benefits to the loyal users of the service[1]. Swiggy is following the footsteps of several other e-commerce platforms who have branched into the financial services sector. This strategic move comes at a time when competition in the food delivery market is fiercer than ever. Despite Zomato, one of its chief competitors, exiting the credit card market, Swiggy sees a lucrative opportunity[1]. The co-branded credit card, powered by Mastercard, is part of Swiggy’s strategy to foster customer…

Fast fashion is on the rise, and so are brands that focus on the growing Gen Z demographic. One such brand, Freakins, a direct-to-consumer (D2C) denim label, has recently secured $4 million in seed funding from major investment firms Matrix Partners India, Blume Ventures, and other significant contributors [1]. Recognized for its extensive collection of over 1500+ denim styles designed to cater to diverse body types, Freakins has made a name for itself in the world of fashion. By selling apparel through D2C channels and marketplaces, the company has established a strong omnichannel presence [2]. The recent investment will fuel…

1. Why Instagram for Business? Instagram’s visually-driven nature makes it an ideal platform for businesses to showcase their products or services. Its highly engaged user base and extensive targeting options also make it a valuable channel for reaching potential customers. By utilizing Instagram effectively, businesses can strengthen their online presence, engage with their audience, and boost their sales. 2. Setting Up an Instagram Business Account To get started, you need to create an Instagram business account. Download the Instagram app from your device’s app store and sign up with your business email or Facebook account. Ensure you choose a recognizable…

Introduction: The Power of Networking Networking plays a pivotal role in career growth, acting as a catalyst for professional success and personal development. It involves actively building and maintaining relationships with individuals who can offer guidance, support, and valuable insights. By connecting with others in your industry or related fields, you can create a robust network that opens up a world of opportunities. Overcoming Shyness and Setting Networking Goals For many individuals, the thought of networking can be daunting, especially if they are naturally shy or introverted. However, it’s important to overcome these barriers and recognize the immense benefits that…

Amid rising financial pressure, healthtech startup PharmEasy is planning to raise INR 2,400 Cr through a rights issue at a deeply discounted rate, marking a significant step in its debt repayment strategy [1]. This comes amidst a backdrop of a tightening financial environment for healthcare providers due to surging drug prices and looming policy changes [2]. The rights issue, expected to be led by existing shareholders TPG and Temasek, will occur at a staggering 90% discount. This move is projected to bring down PharmEasy’s valuation to a range of $500 Mn-$600 Mn, a drastic tumble from its previous valuation of…

In a major development in India’s e-commerce sector, the direct-to-consumer (D2C) jewellery brand, GIVA, has announced a successful funding round, raising a monumental INR 270 crore. This fundraising has been primarily led by Premji Invest, signaling a significant endorsement of the brand and its business model. In the fast-paced digital age, D2C brands like GIVA have risen in prominence. The D2C model allows brands to bypass the traditional retail setup and connect directly with consumers. For customers, this model has provided unique, high-quality products at competitive prices. GIVA, an emerging D2C brand in the jewellery sector, has been making waves…

Bengaluru-based EdTech startup ZuAI, pioneering in generative artificial intelligence (AI), has secured a seed funding round of INR 4 Cr led by Prime Venture Partners. Founded by Anubhav Mishra and Arpit Jain in 2021, ZuAI aims to revolutionise the Indian education landscape by offering personalised and efficient learning solutions to students[1]. In an era where AI is increasingly integrated into various sectors, the field of education is no exception. Generative AI has shown immense potential in various applications including design timelines and raw material usage in industrial sectors[3]. For education, this translates into the ability to provide tailored learning experiences…

Mojocare, a healthtech startup, is currently facing the possibility of winding down its operations and returning money to investors, following the revelation of financial irregularities [1][2][3]. The company’s board has scheduled a meeting on July 12, where the topic of discussion will revolve around the future course of action and the return of capital to investors [1]. According to a forensic audit report conducted by Deloitte, Mojocare’s founders were found to have inflated both revenues and expenses [1][2][3]. Internal presentations to investors showcased exaggerated revenue and sales figures, while inflated expenses were used to justify losses despite higher revenues [3].…