Groww co-founders pocket over Rs 700 Cr via incentives and secondary sales ✍️ Kunal Manchanda entrackr.com/news/groww-co-…

CRED, PhonePe, Paytm stop rent payments via credit cards ✍️ Kunal Manchanda entrackr.com/news/cred-phon…

BIG: CRED, PhonePe, and Paytm have halted rent payments via credit cards on their platforms. The move follows the Reserve Bank of India’s (RBI) latest master directions on payment aggregator regulations.

Cred, Phonepe, Paytm, and Others Face Blow as RBI Blocks Credit cards for Cash Payments. ➡️ The move follows the Reserve Bank of India’s (RBI) latest master directions on payment aggregator regulations.

Big: CRED, PhonePe, and Paytm have halted rent payments via credit cards on their platforms. As per RBI rules, payment aggregators must ensure marketplaces don’t process payments for sellers outside their platforms.

Apps like CRED, PhonePe, and Paytm would have to conduct KYC of landlords, a process that is costly and complex. Sources added that NoBroker and Housing are also expected to suspend rent payments via credit cards in the coming weeks. via Entrackr entrackr.com/news/cred-phon…

#Exclusive: Darwinbox adds $21 Mn worth of ESOP for employees ✍️ Mukul Manchanda entrackr.com/exclusive/excl…

#FINTRACKR: Walmart India trims losses to Rs 110 Cr in FY25 amid muted revenue growth ✍️ Priyanshu entrackr.com/fintrackr/walm…

Infra.Market to raise Rs 731 Cr led by promoters at flat valuation ✍️ Kunal Manchanda entrackr.com/news/inframark…

#Exclusive: Wow! Momo set to raise $8.5 Mn in ongoing round ✍️ Shailesh Mahato entrackr.com/news/exclusive…

#Exclusive: BharatPe marks first secondary deal since 2021 at $2.85 Bn valuation ✍️ Harsh Upadhyay entrackr.com/exclusive/excl…

SCOOP: Tiger Global-backed fintech unicorn BharatPe carried out its first secondary transaction since 2021 through wealthtech platform Wylth. As part of the deal, Gujarat-based family offices acquired 2.6% from the 27% common equity pool at the valuation of $2.85 Bn.

NEW: BharatPe marks its first secondary transaction since Aug 2021 ◾The secondary transaction was done through wealthtech platform Wylth. ◾As per sources, Gujarat-based family offices acquired 2.6% from the 27% common equity pool.

#FINTRACKR: SilverPush growth stalls in FY25; slips into red with Rs 18 Cr loss ✍️ Priyanshu entrackr.com/fintrackr/silv…

#FINTRACKR: Jar clocks Rs 208 Cr operating revenue in FY25, turns profitable in H2 ✍️ Kunal Manchanda entrackr.com/news/jar-clock…

Equilibrium raises $3 Mn from Kalaari, Avaana, and Peak XV entrackr.com/snippets/equil…

Gold savings app Jar posts profits in last 2 quarters of FY25 ◾The startup records more than 4x growth in operating revenue to Rs 208 Cr in FY25 ◾The surge in scale came after the company vertically integrated its gold stack which pushed its gross revenue to Rs 2,450 Cr.

SpaceFields raises $5 Mn in pre-Series A round entrackr.com/snippets/space…

#FINTRACKR: HUL-owned Oziva revenue grows 2.5X in FY25; cuts losses by 90% ✍️ Priyanshu entrackr.com/fintrackr/oziv…

💹 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗧𝗲𝗰𝗵 𝗦𝘁𝗼𝗰𝗸 𝗦𝗽𝗼𝘁𝗹𝗶𝗴𝗵𝘁: 𝗪𝗲𝗲𝗸𝗹𝘆 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗥𝗲𝘃𝗶𝗲𝘄 (𝗦𝗲𝗽𝘁 𝟭𝟮–𝟭𝟵, 𝟮𝟬𝟮𝟱) Swiggy (+11.9%), Awfis (+8.5%) & CarTrade (+8.4%) led gains, while Yatra (-8.2%), ixigo (-7.5%) & Paytm (-3.8%) slipped.