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India's leadership in real-time payments could foster several billion-dollar fintech companies capable of serving global markets, a top Razorpay official said on Wednesday. While speaking during a session at Global Fintech Fest, Razorpay CEO Harshil Mathur cited the emergence of big tech from the US, like Google, Amazon and others, because of the country's leadership in the internet, saying that similarly, the fintech ecosystem in India can be leveraged by local companies to emerge as global majors. "We feel proud that 49 per cent of all real-time payments in the world are happening through India, and it's great. But I hope that other parts of the world capture a lot of the growth. "Real-time payments are going to create massive opportunity for Indian companies to go and capture their growth. I believe a lot of large multi-billion dollar companies could come out of India because they'll be able to capture their growth in other parts of the world," he said. Mathur said India has a .
Venture capital firm Peak XV Partners has fully exited from fintech firm One MobiKwik Systems through a block deal of over Rs 130 crore, sources aware of the development said. According to sources, Peak XV was one of the early investors in the firm and exited at three times of its investment value. "Peak XV Partners has sold around 61 lakh shares, about 7.7 per cent of the company share capital, at an average sale price of Rs 214 share apiece. The total deal size is close to Rs 130 crore. With this sale, Peak XV has completely exited from the firm," a source said. A query sent to Peak XV and One Mobikwik elicited no immediate reply. Florintree, Viridian Asset Management, Dymon Asia and Karma Capital have bought stakes from Peak XV. The development comes a day after the company announced RBI granting a NBFC license for its new subsidiary- MobiKwik Financial Services Pvt Ltd.