The digital lending sector in India is experiencing an inflection point after years of challenges. Industry-level NPAs are decreasing, credit demand is increasing, and investors are showing interest in the sector again. Fintechs have dominated the unsecured lending space, with the market share of fintech lenders in the personal loans sector increasing from 13% in 2018 to 47% in 2023.
India s newest unicorn Zepto has set its sights on an ambitious sales target, CEO Aadit Palicha said during The Economic Times Startup Awards 2023 (ETSA).
Arriving at a decision was difficult in the backdrop of a year which has been fraught with challenges for the venture capital industry as valuations and fundraising saw a major hit. Exits became scarce and the IPO market dried up.
Genpact is applying an ‘output robustness test to ensure its AI-generated output complies with fairness and legal frameworks. Wipro has adopted a ‘privacy and equity by design approach and looks out for possible bias not only in preparing datasets but at further points in the AI lifecycle.
D-Day is here! In a virtual meet today, the jury of the Economic Time Startup Awards 2023 will reveal the brightest stars in Indias startup galaxy. This and more in todays ETtech Morning Dispatch.