Paytm
Varun Sridhar Exits Paytm Services to Launch New Wealthtech Venture, Signals Big Shift in Indian Fintech
Varun Sridhar’s move from Paytm to launch a new wealthtech startup marks a major shift in India’s fintech landscape, signaling rapid growth in digital wealth management and democratized investing.
Indian Startups Pivot Away from Chinese Investors: A Strategic Rebalancing
Indian startups like Paytm and MakeMyTrip are actively reducing or divesting stakes held by Chinese investors amidst geopolitical tensions and increased regulatory scrutiny. This strategic rebalancing aims for greater autonomy, national identity, and a diversified investor base, signaling a maturing Indian startup ecosystem focused on self-reliance.
Paytm Shares Tumble 10% After Finance Ministry Rejects UPI MDR Reintroduction
Paytm shares plunged 10% after the Finance Ministry dismissed speculation about reintroducing MDR on UPI transactions. Hopes for a new revenue stream were dashed, highlighting fintech's sensitivity to policy. Despite the setback, UPI continues its record growth, with the government committed to free services amidst sustainability questions.