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Defunct ZestMoney's FY23 revenues grew 72.3% before shutting shop; bad debts surged 2.7X

Defunct ZestMoney's FY23 revenues grew 72.3% before shutting shop; bad debts surged 2.7X
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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ZestMoney: DMI, Aditya Birla Finance in race to scoop up ZestMoney in firesale

ZestMoney, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 informed its employees about its plans to shut down by the end of this month. ET wrote on December 7 the company shut down mostly after its lending partners withdrew debt lines to the startup. ....

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Why is ZestMoney shutting down; reasons behind downfall of homegrown fintech startup

ZestMoney was valued at $445 million and raised over $130 million from a range of investors, like Ribbit Capital, Omidyar Network, PayU, Xiaomi and Alteria Capital, among others. ....

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Byju's CEO says will tide over crisis in 45-60 days; BNPL startup ZestMoney to shut shop

Amid the ongoing cash crunch at Byjus, founder and CEO Byju Raveendran told senior executives that he is aiming to address the crisis over the next 45-60 days. ....

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ZestMoney to shut down operations, lay off remaining 150 employees

ZestMoney to shut down operations, lay off remaining 150 employees
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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