Fintechs brace for perfect storm; Tiger’s $11.4-billion haul

Fintechs brace for perfect storm; Tiger’s $11.4-billion haul

author-image

Madhav Chanchani

121 reads
author-image

Madhav Chanchani

121 reads

The Crux newsletter this week. A series of controversies, from the BharatPe saga to Dhani loan case, is hurting the fintech sector after a year of record fundraises and unicorns. Tiger Global, which sets the tone for startup bets and dealmaking, has readied a massive new fund

February 25, 2022

5 MINS READ

India’s fintech sector had a banner year in 2021. It accounted for 12 of the 43 new unicorns and over 20% of the $38 billion raised by tech startups, according to Tracxn. This made it the digital economy’s most important segment. 

But 2022 has not begun on a good note. There have been a series of events that could have serious implications in terms of regulations. 

Worsening ties: The BharatPe saga got uglier this week as the company sacked Madhuri Jain Grover, who was heading financial controls. Alleged misappropriation of Rs 53 crore was cited as the reason, a charge she disputes. Her stock options have apparently been clawed back.

Madhuri is the wife of BharatPe managing director Ashneer Grover, who took a leave of absence in January after a rash of controversies over his conduct. The fallout led to an interval review, and reports now claim that the stage is set for Grover’s removal, though it seems unlikely that he would go without swinging back.

Read this article for free

Sign in using

Or

Sign in using your email

Don't have an account?

Forgot Password?

By signing up for The CapTable you agree to the

Terms of Service

and

Privacy Policy

of the platform.

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View

We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.

share-button
like-button
share-button

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.