Paytm has completely cut incentives on P2P UPI transactions after seeing a group of customers conduct millions of transactions of Rs 21 between its network and other rival players.
Their exposure in startup scene and operational credibility have made them darlings of venture capital firms
While Pine Labs does not have a high cash burn, the additional capital raised will help it expand in the lending space.
The final size of the fund is still being decided, and Accel could end up raising more than its stated intention.
The data increasingly indicates that the boom in financing is being led by midand late-stage rounds of over $50 million, and is now trickling down to even early-stage transactions.
YouTube is a powerful platform, and in India people use it to teach themselves new skills, he said.
Sequoia and other VC firms help experienced entrepreneurs make angel investment in new ventures.
The fund will primarily be focused on startups in India, but will also look at backing entrepreneurs in Southeast Asia.
Deal may be structured as a multi-decade lease.
The deal could see the participation of more than one new investor. Additionally, Dream11’s existing backer Tencent is also keen to increase its stake in the company.
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