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PhonePe calls off ZestMoney deal over valuation, NPA issues in due diligence

PhonePe scraps acquisition of ZestMoney: Report

In November, YourStory reported that PhonePe was in the final stages of acquiring ZestMoney for $200 million to $300 million.

What is unique about India s digital public infrastructure is that it is open source, interoperable, scalable says Union Minister Vaishnaw

New Delhi [India], March 1 (ANI) Union Minister of Communications Ashiwini Vaishnaw on Wednesday said what is unique about India s digital public infrastructure is that it is open source, interoperable, scalable, transferable, secure, and based on public-private partnership.

EV Fintech Startup Turno Raises $13 8 Mn Funding From B Capital, Others

PhonePe acquiring ZestMoney; deal pegged at $200mn-$300mn

ZestMoney, founded in 2015, has raised about $140 million till date from marquee investors, including PayU, Zip, Ribbit Capital, Quona Capital, Xiaomi, Omidyar Network, Goldman Sachs. In fiscal 2022, ZestMoney s revenues rose to ₹145 crore from ₹89 crore in FY21, while losses jumped to ₹398.8 crore from ₹125.8 crore a year ago

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