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CarDekho’s fintech firm Rupyy to expand into personal-loan segment
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IndianStartupNews · 1y ago
Medial
Rupyy, the fintech arm of CarDekho Group, is expanding into the personal lending space to diversify its revenue streams beyond auto loans. Initially targeting salaried consumers, Rupyy plans to offer small-ticket personal loans under Rs 40,000. The company aims to transform into a comprehensive financing platform and leverage its partnership with leading banks and NBFCs to scale its operations. This move comes as CarDekho Group reports impressive revenue growth, driven by Rupyy and InsuranceDekho, and aligns with its objective of achieving profitability and potentially going public.
Razorpay Walks The Tightrope Of Regulations And Profits
Inc42 · 9m ago
Medial
Harshil Mathur, the co-founder and CEO of Razorpay, believes that regulations are beneficial for the fintech industry. According to industry experts, Razorpay is one of the leading players in India's payments gateway and payment aggregator market. However, there are challenges such as low margins for payment aggregators and revenue sharing agreements with banks and other entities. The dominance of UPI platforms like PhonePe and Paytm in India's digital payments space also poses a challenge for Razorpay. Nevertheless, the company is looking to diversify its business streams by venturing into cross-border payments.
Zomato sees an opportunity in catering business
Economic Times · 1y ago
Medial
Zomato is planning to enter the catering space by leveraging its existing restaurant partners. The company aims to capitalize on the growing demand for catering services in India and expand its business beyond just food delivery. This move is expected to further enhance Zomato's market position and revenue streams.
Fintech faces its reckoning: It’s only a matter of time until the house of cards collapses
TechCrunch · 1y ago
Medial
The rise of fintechs, fueled by cheap money and interchange fees, faces challenges as central banks raise interest rates. Many fintechs rely heavily on interchange fees as a source of revenue, but these fees are capped, while interest rates are not. This creates a dilemma as borrowing costs for fintechs can spiral out of control in times of rising interest rates. To survive, fintechs need to diversify their revenue streams, focus on building great software, and reevaluate their customer incentives.
The Crucial Five: Decoding Swiggy’s Roadmap To A Blockbuster $1.2 Bn Public Listing
Inc42 · 1y ago
Medial
Swiggy, the Bengaluru-based foodtech major, is preparing for a $1.2 billion IPO and is in discussions to enter the B2B space to boost its revenue streams. Industry experts suggest that Swiggy should target a modest valuation, similar to its last funding round, rather than aiming for a high valuation. Swiggy could tap into foreign institutional investors' capital and leverage Zomato's successful IPO to secure a healthy stock market debut. The quick commerce vertical, which includes Swiggy's Instamart, is also expected to contribute to Swiggy's growth and revenue. Additionally, Swiggy is exploring opportunities in the B2B sector and expanding its offerings beyond food delivery.
Saudi Arabian wealth fund PIF to cut overseas investments
VCCircle · 9m ago
Medial
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), intends to reduce its overseas investments by around a third, according to its governor, Yasir Al-Rumayyan. The fund, which has played a crucial role in the Crown Prince's plan to diversify the Saudi economy away from oil, now aims to focus more on the domestic economy. The move comes as Saudi Arabia looks to tap into its resources to fund economic transformation and create sustainable revenue streams. The announcement was made at the Future Investment Initiative (FII) summit in Riyadh, where global leaders gather to discuss business and technology.
Jar Set To Foray Into P2P Lending Space, Tests Product For Select Users
Inc42 · 1y ago
Medial
Content curation platform Jar is expanding into peer-to-peer (P2P) lending with its new offering 'Jar Plus', in partnership with NBFC LenDenClub. The product has initially been rolled out for select users and aims to connect lenders with borrowers. The move is expected to help Jar improve its financial performance, as the company's losses increased to INR 122.8 Cr in FY23. Several other Indian startups, including CRED and BharatPe, have also entered the P2P lending space to diversify their revenue streams. The move comes as the Reserve Bank of India tightens regulations for the digital lending sector.
Swiggy’s Litmus Test
Inc42 · 10m ago
Medial
Swiggy's efforts to diversify its revenue streams on the food delivery side may not be enough for its upcoming $1Bn+ IPO. While Zomato's food delivery platform is profitable and Zepto has seen success in quick commerce, both companies owe some credit to Swiggy for introducing platform fees and starting the quick commerce revolution in the Indian consumer internet market.
India's Zepto becomes the first quick commerce unicorn to introduce platform fee of Rs 2
IndianStartupNews · 1y ago
Medial
Indian quick commerce startup Zepto has introduced a platform fee of Rs 2 per order as part of its effort to increase profitability. The company has also ended free deliveries for some users and implemented delivery fees based on order value. These fees, along with handling fees, surge fee, and cart fee, aim to diversify Zepto's revenue streams beyond just delivery fees. Additionally, Zepto has launched a membership program called Zepto Pass, offering unlimited free deliveries for orders above Rs 99. Despite experiencing significant revenue growth in FY23, the company aims to achieve EBITDA profitability and reduce losses.
The big picture behind Google's largest acquisition failure
Livemint · 12m ago
Medial
Alphabet, Google's parent company, recently attempted to acquire cloud security startup Wiz for $23 billion, but the deal fell through. The acquisition would have helped Google strengthen its presence in the cloud market and diversify its revenue streams. However, regulatory concerns and the trend of vendor consolidation in the tech industry may have posed obstacles to the deal. Additionally, the decline in merger and IPO activity in the startup ecosystem has been attributed to high interest rates, uncertain valuations, and political factors. Despite this, Wiz remains confident in its prospects, as cloud security spending continues to outpace other security products and services.
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