Hi, this is Pratik Bhakta in Bengaluru. Its been a busy news week for us here at ETtech covering some of the most important stories in the fintech space. We had a string of big exclusives, wrapping it up here just in case you missed reading them.
Manipal Group Chairman Ranjan Pai?s investment office Claypond Capital and private sector lender Axis Bank Limited are in talks to invest in gold loan startup Rupeek , according to sources aware of.
Claypond Capital, Axis Bank, and new investors plan to invest in Rupeek at a reduced valuation. Investment details are being finalized, with existing investors also considering selling shares. Rupeek previously raised funds from 360 One at a significant discount.
Happy Friday! Azim Premjis family office is eyeing a majority stake in Bank of Baroda-owned Nainital Bank. This and more in todays packed edition of ETtech Morning Dispatch.