ADVERTISEMENT
Daily Expert News
No Result
View All Result
Wednesday, February 8, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home Business

Digital Lending Startup EarlySalary in Talks to Raise $110 Million: Report

by Nick Erickson
August 12, 2022
in Business
131 2
0
Digital Lending Startup EarlySalary In Talks To Raise $110 Million: Report
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


India’s EarlySalary in Talks to Raise $110M in TPG-Led Funding: Report

Indian digital lending startup EarlySalary is in talks to raise $110 million in a round led by private equity firm TPG, a source with direct knowledge of the matter told Reuters.

Norwest Venture Partners will also come in as a new investor in the deal, involving some existing investors, according to the source, who declined to be named as the talks are private.

EarlySalary, which competes with LoanTap and PaySense, offers short-term personal loans of up to 500,000 rupees (about $6,319) through its mobile app and corporate partnerships.

TPG and EarlySalary declined to comment, while Norwest did not respond to a request for comment.

Cheap internet subscriptions and an increase in online payments have boosted the Indian fintech industry, leading to a spurt of startups offering direct loans through a mobile app.

Globally, digital lending has also attracted large dollars. Investors poured nearly $21 billion into the sector last year, a record high and about 90% higher than the year before, according to CB Insights, which tracks private investment.

Founded in 2015 and backed by Chiratae Ventures and Eight Roads Ventures, EarlySalary raised $15.7 million in January 2018 in a round of funding.

The new funding talks are taking place as India’s central bank drafts rules for digital lenders following cases of intimidation and breach of creditors’ privacy by certain platforms.

On Wednesday, the Reserve Bank of India issued guidelines that allow only regulated entities such as banks and shadow lenders to disburse and collect loan repayments.

ADVERTISEMENT
Tags: DailyExpertNewsdigitalEarlySalaryLendingmillionraiseReportstartuptalks

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

Most Adani Group Stocks Up, Adani Enterprises Rises Nearly 20 Per Cent
Business

Most Adani Group shares are up, Adani Enterprises are up nearly 20 percent

February 8, 2023
Feeding Of Fake Notes In Coin Vending Machines Led To UPI-Based Alternative: RBI
Business

The introduction of counterfeit banknotes into coin machines led to a UPI-based alternative: RBI

February 8, 2023
Conveniently, Sensex ends trading session with a profit
Business

Conveniently, Sensex ends trading session with a profit

February 8, 2023
Indian Banking System Won
Business

Indian Banking System Won’t Be Affected By “Case Like This”: RBI Chief On Adani Row

February 8, 2023
TCS Closes $700M UK Deal, Biggest in 3 Years
Business

TCS Closes $700M UK Deal, Biggest in 3 Years

February 8, 2023
Kerala Not In
Business

Loan EMIs May Rise as RBI Announces Sixth Consecutive Rate Hike

February 8, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
Live Updates: Turkey-Syria Earthquake Kills Thousands

Live Updates: Turkey-Syria Earthquake Kills Thousands

February 8, 2023
"If he can close the gap...": Ex-India star explains why Rohit Sharma's form will be key against Australia | Cricket news

“If he can close the gap…”: Ex-India star explains why Rohit Sharma’s form will be key against Australia | Cricket news

February 8, 2023
Assam Man Kills Father After Dispute Over Cigarette: Police

Assam establishes temporary prisons as crackdown on child marriage continues

February 8, 2023
The earthquake in Turkey is one of the deadliest this century. Here's why | CNN

The earthquake in Turkey is one of the deadliest this century. Here’s why | DailyExpertNews

February 8, 2023
ADVERTISEMENT

Recent News

Live Updates: Turkey-Syria Earthquake Kills Thousands

Live Updates: Turkey-Syria Earthquake Kills Thousands

February 8, 2023
"If he can close the gap...": Ex-India star explains why Rohit Sharma's form will be key against Australia | Cricket news

“If he can close the gap…”: Ex-India star explains why Rohit Sharma’s form will be key against Australia | Cricket news

February 8, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2022

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2022

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?