By Malvika Joshi
All P2P loan platforms will be treated as NBFCs and will be brought under the ambit of RBI.
The review of its Asian operations includes countries such as China, India, Indonesia, Malaysia and South Korea,
“Burn is not a metric that anybody worries about any more. And with the fund raise, burn is almost irrelevant.”
India’s crowded digital payments market, expected to grow ten-fold to $500 billion by 2020.
ZhongAn is founded by Alibaba’s Jack Ma, Tencent’s Pony Ma and Ping An chairman Ma Mingzhe.
Luxe raised $75 million and reached a valuation of about $160 million as investors competed to back on-demand startups.
Zomato is currently in talks with Chinese payments firm Ant Financial to raise $100-200 million.
The JVs will focus on e-commerce and financial technology services.
Alphabet is also an Uber shareholder through its GV venture capital arm.
Last week, OYO had raised $250 million in a fresh round of funding led by SoftBank.