Posted in Fintech
Paytm Shares Drop 20% as Company Shifts Focus Away from Small Loans
Three points you will get to know in this article: The shares of One97 Communications Ltd, the parent company of leading fintech player Paytm, faced a 20% downward lock at INR 650.65 on Thursday (December 7). This downturn came in response to the company’s decision to shift its focus away from smaller loans, specifically those below INR 50,000, which primarily…
Posted in Ecommerce
ONDC Ventures into Skill-Based Services
Three points you will get to know in this article: The Open Network for Digital Commerce (ONDC) is gearing up to venture into the realm of skill-based services, broadening its current range of offerings beyond food, grocery delivery, and mobility services. Now, in addition to these, ONDC is set to delve into sectors such as appliance repair and teaching assistance.This…
Flipkart to Invest $20 Million in New In-House Credit Marketplace Startup
Three points you will get to know in this article: Flipkart, the prominent e-commerce giant, is earmarking approximately $15-20 million to support the development of an in-house credit marketplace startup led by its senior executive, Prakash Sikaria. This information has been confirmed by multiple sources familiar with the situation. Prakash Sikaria, a Senior Vice President within the company, previously responsible…