Bismah Malik
Journalist @inc42 | Stalk startups & Big Tech |Leads/tips: [email protected] |Views strictly personal
Articles
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6 days ago |
inc42.com | Bismah Malik
SUMMARY Imarticus Learning is set to file its draft papers for an INR 750 Cr IPO and has roped in bankers founder Nikhil Barshikar told Inc42 Despite the downturn in the edtech industry at large, Imarticus Learning managed to stay profitable for the last 7-8 years, Barsikhar said The startup's revenue has jumped by 25% on-year to INR 205 Cr in FY25 and EBITDA has grown by 100% in FY25, the CEO claimed Imarticus Learning is set to step into the public market with an initial public offering...
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1 week ago |
htsyndication.com | Bismah Malik
India, April 18 -- Imarticus Learning is set to step into the public market with an initial public offering (IPO) looking to raise around INR 750 Cr in a combination of fresh issue and offer for sale of existing shares. The Mumbai-based edtech company has appointed investment bank IIFL to manage the IPO. "We have set the timeline of filing DRHP in the next 4-5 months," founder and CEO Nikhil Barshikhar told Inc42 in an interaction.
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1 week ago |
inc42.com | Bismah Malik
SUMMARY Fintechs and banks find RBI in their favour as they cry for an end to the Zero Merchant Discount Rate regime. They have urged PM Modi to impose a 0.3% MDR on large merchants with INR 20 Lakh annual turnover for UPI transactions above INR 2,000. While PhonePe, Google Pay and Paytm remain silent over the issue, there is growing concern that if imposed, the merchants may pass it on to consumers.
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1 week ago |
htsyndication.com | Bismah Malik
India, April 14 -- India's evolving fintech landscape has hardly witnessed a raging chorus, with every stakeholder - from regulators to startups and lenders - pressing for a change in guidelines. That's what is taking the country's $793 Bn fintech market, on course to surpass $2.1 Tn by 2030, by storm at the moment. The stakeholders have reached out to Prime Minister Narendra Modi, seeking a green light to charge large merchants on any UPI transactions above INR 2,000.
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1 week ago |
htsyndication.com | Bismah Malik
India, April 13 -- In early 2023, restaurant body National Restaurant Association of India (NRAI) was gung-ho about the Open Network For Digital Commerce (ONDC) and so were other retail associations, but two years later, ONDC does not seem to have moved the needle too much. The buzz was so loud around ONDC in 2023 that various consumer and payments apps such as Paytm, Magicpin, Ola and others joined ONDC as a buyer app, looking to break into the Swiggy-Zomato duopoly.
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Is it just me or all startup story headlines nowadays start with "IPO Bound" .. #startups #ipos
RT @bismahmalik: 🆕 Inmobi-Glance is foraying into e-commerce with user driven purchasing model under which a consumer can try out differen…
🆕 Inmobi-Glance is foraying into e-commerce with user driven purchasing model under which a consumer can try out different outfits real-time before making purchases . The model is currently in pilot stage and will be rolled out soon in India and the US https://t.co/WtqRiXNRsK
