Paytm has refuted reports of the government deferring approval for its investment in Paytm Payments Services as ‘speculative’, and highlighted its commitment to India, compliance with RBI regulations, and founder Vijay Shekhar Sharma's significant stake.
Fintech startups in India raised $551 million in Q1 2024, a 57% decrease from the previous year. 'Alternative Lending' received $491 million, Credit Saison topped with $144 million. Bengaluru, Mumbai, and Hyderabad were the top cities for investment.
In September 2013, Jamie Siminoff’s product Ring -- the world’s first Wi-Fi video doorbell – was rejected on the business reality TV show Shark Tank.