Realty business organisation Embassy Group who is also a joint venture partner in WeWork India, has injected around $15.6 million into the company. In return for its investment, Embassy Group will get 100,00,000 compulsory convertible debentures. WeWork India is a joint venture between the luxury property developer Embassy Group and the New-York headquartered WeW0rk which was founded…

The Mukesh-Ambani led Reliance Jio is planning to enter the cryptocurrency business by introducing JioCoin. The shortcomings of the project will be led by Ambani’s elder son Akash Ambani and the company is planning to build a team of around 50 professionals to work on a number of blockchain-centric products including JioCoin. As we all know, blockchain…

Mumbai-based software startup Moneytor, that automates the process of debt retrieval, has raised an undisclosed amount from 500 startups and some other investors including es Bank-backed accelerator ISME ACE. With the newly acquired funding, Moneytor will try to automate all the debt collection processes.  Moneytor was incorporated in June 2017 by Ayush Srivastava and Anubhav Singh with…

Just 2 weeks after raising $3.8  million in debt from State Bank of India, the Ahmedabad based Fintech startup Lendingkart finances has raised $4.7 million in the first ever foreign debt funding from a Dutch development bank (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden 0r NV FMO. The recently acquired funding will be used by the company to grow…

PhonePe, the payments subdivision of Flipkart has decided to become an independent Fintech solutions provider predominantly dealing in insurance and mutual products. The company announced that it is entering into a strategic partnership with one of the leading digital wallet startups FreeCharge which will enable their 45 million customers to link their existing Freecharge wallets with…

In order to increase the customers of Paytm Payments Bank,  it has tied up with IndusInd bank to offer linked Fixed Deposit. Paytm, in its official blog has said that it will give an exceeding priority to convenience and flexibility. If the balance of any customer exceeds Rs 1 lakh at the end of the day,…