ETtech Profile picture
Jun 6 5 tweets 3 min read Twitter logo Read on Twitter
🚨After #digital payments and digital lending, the @RBI is looking closely at platforms that facilitate direct, or peer-to-peer (#P2P), lending between individuals.
While P2P startups, as regulated non-banking finance entities, need to share business updates with the regulator on a constant basis, the RBI has now asked them about partnership models with consumer-facing applications, the flow of funds, risk sharing among partners and so on.
#BharatPe, #Jupiter and #Cred are among the major consumer-focussed applications which work closely with NBFC P2P platforms. P2P startups such as Liquiloans and LenDenClub have built partnerships with these and multiple other consumer-focused platforms. Image
Image
After online payments, digital loans, now P2P lending under RBI lens

By @PratikBhakta_89

Read more at:
economictimes.indiatimes.com/tech/technolog…

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with ETtech

ETtech Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @ETtech

Jun 7
📣📣 OpenAI CEO @sama will be in conversation with @satyan, vice chairman, Times Internet, hosted by @EconomicTimes, to discuss the impact of AI on businesses, jobs, and society at large.

To watch the conversation live, click here👇

Image
@sama @satyan @EconomicTimes The launch of ChatGPT — owned by the Sam Altman-helmed OpenAI, a company dedicated to research and deployment of AI — in November 2022 is widely reckoned to be a pivotal moment in the AI revolution

economictimes.indiatimes.com/tech/technolog…
@sama @satyan @EconomicTimes Follow live updates about the conversation here

economictimes.indiatimes.com/news/newsblogs…
Read 59 tweets
Jun 7
🚨Global management consulting and strategy advisory firm Zinnov and venture capital firm Chiratae Ventures on Tuesday marked down 2026 revenue projections of the Indian software-as-a-service (#Saas) startups from $100 billion to $26 billion in its latest annual report.
The report, titled India #SaaSonomics: Navigating Growth and Efficiency, said that concerns of a recession loom large for the Indian #SaaS industry, but that it has displayed remarkable antifragility to withstand turbulent times.
The report indicated three challenges plaguing the industry -- customer churn, customer demand slowdown and delayed sales cycles, and downward pressure on cash flows caused by macroeconomic headwinds.
Read 6 tweets
Jun 7
🚨There may be a further demand slowdown for Indian IT firms in the quarter ending June, going by the latest results of global software-as-a-service (#SaaS) and digital engineering firms.
Analysts though expect the demand to revive in the second half of 2023-24 as deal pipelines remain strong and there would be additional business from cost-optimisation initiatives that will benefit the Indian IT sector.
Indian IT companies have sell-to and sell-with partnerships with #SaaS firms like #Servicenow, #Salesforce, #Snowflake and #Workday, while the performance of digital engineering firms like Globant, EPAM and Endava can be considered a proxy for high-end digital services demand.
Read 5 tweets
Jun 7
🚨Welcome to a new edition of #FullStack by @samidhas, a place where you’ll find unfiltered commentary on all things technology. Read on 👇
#Edtech major #Byju's is faced with a trifecta of issues. There is the $1.2 billion TLB (term loan B), delayed audited results, and an equity funding round which has been in the works for months now
On Tuesday, #Byju’s defaulted on interest payment of $40 million for its term loan. That was not all, the beleaguered edtech firm said it is suing hedge fund Redwood, one of its lenders.

economictimes.indiatimes.com/tech/technolog…
Read 8 tweets
Jun 6
🚨🚨#Breaking Image
Byju's files suit challenging loan acceleration, seeks lender Redwood's disqualification

economictimes.indiatimes.com/tech/technolog…
On Monday, Bloomberg reported that Byju’s plans to make a quarterly interest payment of about $40 million on a loan that has been at the centre of the firm’s financial troubles 👇

Byju’s faces deadline for $40 million payment

Read more at:
economictimes.indiatimes.com/tech/startups/…
Read 7 tweets
Jun 5
Several #startups including #Unacademy, Kuku FM, TrulyMadly and QuackQuack have moved the Madras High Court challenging #Google’s notice asking them to either adopt the company’s mandated billing route or risk being removed from its Play Store, people aware of the matter said.
Matrimony.com chief executive Murugavel Janakiraman told ET that Google has been reaching out to startups “threatening” to delist their apps if they do not comply with its payments policy.
The Alliance of Digital India Foundation, a body of startups, has petitioned the Competition Commission of India (@CCI_India) against Google’s policies and proceedings over the issue are currently under way at the competition watchdog.
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(