Pratik Bhakta

Bangalore

Everything fintech at The Economic Times. Founding member of The CapTable at YourStory and before that with Moneycontrol.

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Articles

Gensol defaults on BluSmart-linked bond repayment for May

1 week ago | flipboard.com | Pratik Bhakta

6 hours agoCrisis-hit Gensol defaults on May payment of BluSmart cabs loansGensol Engineering, promoted by the founders of electric mobility firm BluSmart, has defaulted on payment of around ₹4 crore to its pass-through …4 days agoWomen drivers pick up the pieces after BluSmart shutdownFor Priya Thakur, 24, a driving job at BluSmart opened a gateway to financial independence. However, her joy was short-lived.
BluSmart crisis likely to draw sebi heat on unlisted bond market - ET Auto

1 month ago | auto.economictimes.indiatimes.com | Pratik Bhakta

BluSmart sold more than ₹100 crore of unlisted, unsecured corporate bonds to high-net-worth individuals as well as some retail investors in the past one year, mostly facilitated by fintech platforms like Yubi, Centricity and Klub. Sebi is not in favour of allowing retail investors to have exposure to such products which are typically high risk.
BluSmart crisis: Green mobility’s red flag is giving HNIs bond blues

1 month ago | flipboard.com | Pratik Bhakta

8 hours ago Gensol Fraud Exposed: How Jaggi Brothers Misused Loan Money For Personal Use | BluSmart Halts Ops Gensol Fraud Exposed: How Jaggi Brothers Misused Loan Money For Personal Use | BluSmart Halts Ops #gensolfraud #sebi #blusmart #jaggi #hwnews To get the latest news updates at your fingertips, download the HW News Shorts app: https://onelink.to/85hk86 Support independent journalism by subscribing to HW News English Premium Newsletter: https://hwnews.in/subscribe-us/ To Join Youtube...
Groww in talks to rack up pre-IPO funding at $6.5 billion valuation

2 months ago | economictimes.indiatimes.com | Pratik Bhakta |Samidha Sharma

India strikes hard! New Delhi bans all imports from PakistanHow Pakistan is preparing for the worst as India weighs responseIf India attacks Pakistan, China & B'desh should seize 7 NE states, says Yunus' aide
Industry expects around Rs 600 crore loss as government nixes RuPay subsidy

2 months ago | economictimes.indiatimes.com | Pratik Bhakta

The digital payments industry is staring at a loss of around Rs 500-600 crore as the government has withdrawn the subsidy support on RuPay debit cards, according to two people in the know.In a cabinet note released on Wednesday, the government said it has allocated Rs 1,500 crore for subsidy on UPI payments for small merchants only in FY25.The fintech industry was hoping that the allocation would be around Rs 5,500 crore, given that it was Rs 3,681 crore for the previous year.The government...
Industry expects around Rs 600 crore loss as government nixes RuPay subsidy

2 months ago | flipboard.com | Pratik Bhakta

21 hours agoIs your credit score at risk? The effects of using multiple credit cards | MintThe trend of individuals holding multiple credit cards has seen growth in the recent past. Infact, people who use credit cards extensively for their …2 days agoOpinion | DMK Tilting At The Windmills: Will RuPay Card Be Next On Party's Hit List? As per the Indian Constitution, currency is in the Union list. By extension, therefore, its symbol, too, is in the domain of the central government.
Scoop: Groww in acquisition talks with PayU-backed Fisdom, others in diversification push

2 months ago | economictimes.indiatimes.com | Pratik Bhakta |Samidha Sharma

Groww, India’s largest stock broking platform, is in talks with PayU-backed Fisdom for a potential acquisition, valuing the wealthtech startup between $140-160 million, said three people in the know. The discussions with Groww track Bengaluru-based Fisdom’s parleys with private equity firms for a new round of funding, the people said.
Public sector banks eye fintech tie-ups for MSME loans

Mar 6, 2025 | economictimes.indiatimes.com | Pratik Bhakta

Large public sector banks are exploring stronger partnerships with fintech startups as they seek to step up loans to micro, small and medium enterprises (MSME).
Stock broking startup Groww in talks for IPO valuing it at $6-8 billion: sources

Jan 13, 2025 | economictimes.indiatimes.com | Samidha Sharma |Pratik Bhakta

Stock broking platform Groww is in talks with investment banks for a potential initial public offering that could value the company at around $6-8 billion, more than double the $3 billion valuation ascribed to it in 2021, people aware said.The Bengaluru-based Groww is expected to raise around $700 million through the proposed listing, joining a swathe of new-age startups that have tapped public markets in recent months.The talks are at an early stage and the final decision on the investment...
Acko in talks to close $120 million secondary deal; Catamaran, others may sell stake

Oct 22, 2024 | economictimes.indiatimes.com | Pratik Bhakta |Samidha Sharma

ETtechAcko General Insurance is closing a $100-120-million secondary deal that will see some of its earliest backers including Infosys founder Narayana Murthy's venture capital firm Catamaran Ventures and private equity fund Chrys Capital’s founder Ashish Dhawan selling stakes in the new-age insurer.