India’s mobile payments firm MobiKwik reaches rare key profit milestone – gpgmail

Indian mobile payments firm MobiKwik has reached a milestone very few of its local rivals can even contemplate: not burning money. The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation, and amortization. “We have been in an ecosystem where we have seen a lot of high-growth and several […]

Kaszek Ventures raises $600 million in two funds as Latin America’s startup market booms – gpgmail

Kaszek Ventures, the investment firm that has been one of the primary architects of the recent boom in startup financing and growth in Latin America, has just raised $600 million across two new funds. The new commitments (raised in roughly two months) put Kaszek’s total capital under management at roughly $1 billion, making the firm […]

India’s Lendingkart raises $30M to help small businesses access working capital – gpgmail

As India continues its race to adopt digital payments at a pace and scale seen rarely worldwide, the country’s startups are quickly building solutions to bring financial services to businesses. And they are attracting significant capital from local investors and global giants to scale their ambitions. Lendingkart, one of the many startups in the country […]

India’s Indifi raises $20.4M to expand its online lending platform – gpgmail

Indifi, a Gurgaon-based startup that offers loans to small and medium-sized businesses and also operates an online lending marketplace, has raised 145 Indian rupees ($20.4 million) in a new financing round to expand its business in India. The Series C round for the four-year-old startup was led by CDC Group, a UK-government-owned VC fund. Existing […]