- P2P Lending Platform Faircent Gets $1.5 Mn Boost From Brand Capital Gurgaon-based peer-to-peer (P2P) lending platform Faircent.com has raised $1.5 Mn funding from Brand Capital, the ad-for-equity investment arm of conglomerate, Bennett Coleman and Co. (BCCL). Faircent started its operations in 2014. It was founded by Rajat Gandhi, Vinay Mathews, and Nitin Gupta as a peer-to-peer lending platform. It currently has over 6,000 lenders and 26,000 borrowers. […]
- Movers And Shakers Of The Week [18 July – 23 July] Flipkart is seeing more exits of top managers with two executives – Lalit Sarna and Sunil Gopinath also leaving the company. Sarna was the payments product lead for Flipkart while Gopinath was the product lead for the marketplace division. Let’s Have A look At More Exits & Hirings Google’s Sunil Rao Joins Lightspeed Sunil will […]
- News Roundup: 12 Startup Stories That You Don’t Want To Miss This Week [23 May – 28 May] Personal assistant platform Helpchat fired close to 100 of its employees as it is shutting down the chat wing of the business. The fired employees are being offered a three-month severance package. Snapdeal Scales Down Operations Snapdeal is reportedly planning to scale down operations in its regional offices including Bangalore, Mumbai, Calcutta, and Hyderabad. Sources […]
- Funding Galore: Startup Fundings Of The Week [9 May – 14 May] HSBC’s brokerage arm slashed down the paper valuation of restaurant discovery platform Zomato by 50% to $500 Mn, from the earlier valued $1 Bn. HSBC Securities and Capital Markets in a detailed report, titled ‘India Internet – Lot of Growth but Slim Pickings’ raised concerns surrounding Zomato’s advertisement-heavy business model, growing competition in the food […]
- P2P Lending Platform Faircent Raises Funding From JM Financial Ltd Gurgaon-based peer-to-peer (P2P) lending platform Faircent.com has raised an undisclosed amount of funding in Series A round led by JM Financial Products Ltd., a subsidiary of JM Financial Ltd. The startup has diluted 9.84% of its stake in the deal. The round also saw participation from individual investors like Arun Tadanki, ex-MD Yahoo Asia and […]
- RBI Proposes Guidelines To Regulate P2P Lending Business As the online lending marketplaces evolve within the fintech ecosystem, the Reserve Bank of India (RBI) has proposed that peer-to-peer (P2P) lending platforms will register as non-banking finance companies (NBFCs). The proposal comes in order to regulate these lending platforms and bring them under the regulatory purview of the central bank. The P2P lending or online […]
- Funding Galore: Startup Fundings Of The Week [12 October-17 October] According to reports, Temasek Holdings plans to invest in online insurance policy aggregator, PolicyBazaar by acquiring a stake indirectly from its existing shareholder, Info Edge, as per a stock market disclosure. On the other side, the online grocery store, BigBasket plans to raise $25 Mn from International Finance Corporation (IFC). IFC, in turn, will acquire […]
- Online Lending Platform Faircent.com Raises Funding From TV Mohandas Pai Commencing the third funding in just one year, Gurgaon-based Online P2P lending marketplace, Faircent.com, has secured an undisclosed amount in funding from chairman of Manipal Global Education, TV Mohandas Pai led Aarin Capital Partners. With this, Pai will join the board of Faircent as advisor and will ensure the leadership in credit appraisal technology and […]
- Funding Galore: Startup Fundings Of The Week [8June – 13June] With 10 startups raising about $44 Mn in funding altogether and 3 startups getting acquired, this second week of June went pretty interesting for the startup ecosystem in the country. Faircent: Gurgaon-based peer to peer lending platform Faircent raised pre-Series A round of $250Kfrom M&S Partners Pte. Ltd at an enterprise valuation of $8 Mn. The startup […]
- Gurgaon-Based Peer-To-Peer Lending Platform Raises Pre-Series A Funding Of $250K Gurgaon-based Faircent has raised its pre-Series A round of $250K from Singapore based M&S Partners Pte. Ltd. at an enterprise valuation of $8 Mn. The company is a peer to peer lending platform where potential lenders and borrowers interact amongst themselves to strike deals on lending and borrowing. The startup will used the said funding […]
- Funding Galore: Startup Fundings Of The Week [5 Jan-10 Jan] In a new round of funding, Bangalore-based real estate portal, CommonFloor.com raised undisclosed amount in funding led by Google Capital. Commonfloor plans to strategically invest in making the platform more robust to enable the buyers and sellers to find their match faster. In total, 16 startups raised more than INR 72 Cr. (This is based […]
- Updated: Online Lending Pioneer Faircent.com Raises Funding From Fusion Microfinance Promoters at $4 Mn Valuation Updated: Peer-to-peer lending pioneer, Faircent.com has raised an undisclosed amount in its first round of funding from Devash Sachdev and Ashish Tiwari, promoters of Fusion Microfinance Pvt Ltd at an $4 Mn valuation. The microfinance firm has Gross loan Portfolio of 250 Cr. as on December 2014. Speaking on the development, Rajat Gandhi, Founder CEO of Faircent.com […]